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What rate do you believe western economy will decrease with?

 
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Karl



Joined: 24 Nov 2005
Posts: 18

PostPosted: Sat Aug 20, 2005 2:21 pm    Post subject: What rate do you believe western economy will decrease with? Reply with quote

This year it will slow with 0.8 because of the oil price, predicted by the IEA (world economy)

Could we multiply this with the amount of doubling times for the oil price`?

Will it be 4% economy decrease rate with a price of 250?

With a economy halving time of 70/4 17 years?

I believe the decrease will be in halving times, which means it will go fast as hell in the beginning, in the first "quarter" we will lose 50% the second (less than) 25% the third (less than) 12.5% and the fourth (less than) 6.25%.

Can we predict at which rate the economy will decrease by the predicted shortage rate? What will a 3% decrease of available oil every year translate to? That is can we predict the future oil price? Rolling Eyes a oil price of 500 would give us 8% decrease meaning 50% of our BNP would be annihilated in 70/8 eight years and nine months! (perhaps)
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