<DrumBeat: June 13, 2007The Oil DrumI've Been Encouraged Before...>

75 comments on Gasoline Prices Part II: Long-Term Factors

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Gilgamesh on June 13, 2007 - 7:37pm Permalink | Subthread | Parent | Comments top

Here is a good question for everyone!

World gdp=45 trillion

us gdp maybe >3 trillion?

North American GDP maybe 4 trillion max.

now do you sell oil to 4 trillion worth of people, or 40?

I'd sell to 40 after fleecing the 4. (this ignores that canada and mexico are USA's #1,#2 oil suppliers)

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Sparaxis on June 13, 2007 - 8:39pm Permalink | Subthread | Parent | Comments top

You're only off a few trillion.

IMF figures:

World GDP: 48.1 trillion
North American GDP: 15.3 trillion

That's 1/3rd of the world, not 1/10th

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Gilgamesh on June 14, 2007 - 9:40am Permalink | Subthread | Parent | Comments top

whoops!

i guess i was thinking about the US federal government tax, and not the country as a whole. My mistake!

please continue selling oil to 1/3rd of the worlds gpd.

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mose on June 14, 2007 - 3:42pm Permalink | Subthread | Parent | Comments top

If you want a good visual of GDP, check out the first map on this link.

http://strangemaps.wordpress.com/

Best regards from Western Canada,

Mose in Midland

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