
MacroVoices #299 Lyn Alden: Revisiting Inflation/Deflation Signals
Macro Voices
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The Age of Oil and Gases Is Still Going Round
When we find a new energy source, we add on to the prior one, and we don't really stop using the prior one. The prior one just becomes a lower percentage of our total energy. We've also kind of shifted some of the most energy intensive manufacturing out of developed markets and into emerging markets. And so over all, i think the age of oil and gases is still going round for a while even if the growth rate over all is slower.
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