Both you and xeroid are correct.

"...then the world economy almost certainly can't grow whatever price the oil is!"

and

"...paper/electronic "liquidity" is added to the system!!"

instead of "added", insert "monetized".

Like the declining Spanish Empire monetizing taxes out
100 years in order to secure immediate funding.

Same with oil. All value out to "x" years has
been monetized into $1000 trillion of derivatives.

All "energy" on the planet has been mortgaged.

"When the money flows into palaces or military or eating and then throwing up like in Ancient Rome, when it becomes empire building and not building a healthy social base, it 'dries up' rapidly. This is a harsh lesson. The British Empire, when it discovered the secrets of capitalism, proceeded to prevent any money flowing to the working class, they tried as hard as possible to prevent even 1% of the profits going to the workers! This nearly destroyed the British empire. The pathetic condition of the workers was so dire, they could barely fight off invaders. Germany was just as bad off until Bismark figured out that starving workers make lousy soldiers. So he created a social security system just so he could attack Britain."-ElaineSupkis

There can be no more "growth" now, because
we have no more FREE energy.