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DewDiligence

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DewDiligence

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Thursday, 03/11/2010 4:10:47 PM

Thursday, March 11, 2010 4:10:47 PM

Post# of 29406
Charlie, John et al: Over on SI, I posed the question, “What proportion of aggregate global GDP does the hydrocarbon business represent?”

One reader sent me the following by private message:

US oil & ng represent 5-6% of gdp. Europe around 4%. So the global average is somewhere probably around 3-5%.

Can anyone here confirm or refute these numbers? T.i.a. Dew


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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