Keep It Simple, Stupid…Why Oil & Commodity Demand Is Set To Fall Indefinitely
Following James Carville’s sage advice, I will attempt to explain to president-elect Trump, Fed-head Yellen, and the average American why global oil, commodity, and consumer demand is set to collapse using the Carvillian principle…”keep it simple stupid”.
The combined 35 OECD wealthy nations (list HERE) plus China, Russia, and Brazil represent 70% of global oil consumption while they represent about 40% of global population (chart below). In comparison, Africa and India (combined) make up 8% of oil consumption despite being 33% of global population (& nearly 100% of all present and future net population growth).
This post was published at Zero Hedge on Nov 24, 2016.