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Yep. Every "steepest annual contraction" has been followed by eventual greater oil use because consumption/production is just shifted to the future. The buildin
by dntbnmpls 7y ago
Yep. Every "steepest annual contraction" has been followed by eventual greater oil use because consumption/production is just shifted to the future. The buildings not being built today, the movies not seen this week, the vacation not taken this month, etc are just moved to sometime in the future. In other words, consumption/production isn't being ended, it's simply being delayed.
- Arbalest 7y agoThe main counter to that is, that's people who have earnt less money, not able to defer to the future, and instead have to perform a fiscal recovery.