While demand drives supply, it should also be kept in mind that there are two measures of prosperity - one being overall supply and the other median supply. As long as the overall supply keeps increasing, the nations can maintain themselves, yes. The other, median supply - that determines on the ground prosperity of the median citizen.
In the west, is the median supply of coal/oil (aggregated consumption for producing the final goods) increasing year by year?
Hi,
While demand drives supply, it should also be kept in mind that there are two measures of prosperity - one being overall supply and the other median supply. As long as the overall supply keeps increasing, the nations can maintain themselves, yes. The other, median supply - that determines on the ground prosperity of the median citizen.
In the west, is the median supply of coal/oil (aggregated consumption for producing the final goods) increasing year by year?
Former reader of The Oil Drum?