AirlinePilot wrote:Short,
If you cant understand the implications of what that chart may be showing and how exporting nations are measurably exporting less right now than they were just a few years ago, then there really is no discussion. It's obviously beyond your worldview to comprehend.
Might be true....or....maybe YOU don't understand the implications of the worlds largest consumer of imported crude importing only as much as it did 33 years ago without causing shortages, outrageous price spikes, or you from owning and flying your own personal aircraft let alone soccer moms from buying SUV's, maybe our ability to cope with using less far outways any single other effect you can possibly imagine, and such an effect is a completely NATURAL solution to any projected decrease predicted by the ELM.
PS: "Predicted by the ELM" is not an admission that the ELM is actually predicting anything, considering its lack of information related to economic behavior in the countries in question.