One of your assumptions is that "not getting oil" is a proposition that can be proofed against by relying only on domestic production. Thomas, meet Katrina & Rita. Katrina, Rita, this is Thomas.
Another of your assmptions is that the rise in GDP/barrel comes in part from substition from oil to other sources altogether. Proves your point if fooland is doing that. For values of fooland equalling the US, doesn't apply enough.
IOW, you're right categorically, but not in the case of the US.
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timeasmymeasure
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Date: 2006-06-13 03:27 am (UTC)Another of your assmptions is that the rise in GDP/barrel comes in part from substition from oil to other sources altogether. Proves your point if fooland is doing that. For values of fooland equalling the US, doesn't apply enough.
IOW, you're right categorically, but not in the case of the US.