Arthur Berman: "BRICS+, Strategic Petroleum Reserve & Metaphysics”
The Great Simplification with Nate Hagens
The Impact of Limited Oil Supply on Economic Growth and Activity
Oil supply is predicted to decrease in the long term due to factors such as geology and lack of investment. Higher oil prices can lead to a decrease in oil demand, economic activity, and economic growth. As people start cutting back on fuel usage, it has a ripple effect on the oil market and eventually impacts the overall economy, as oil is a crucial energy resource.
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