Understanding Oil Cycle Dynamics to Design the Future Economy

Luis Enrique Garcia1, Aude Illig2, Ian Schindler3

  • 1Section of Post Graduate Studies and Research, ESE, IPN, Mexico, Mexico.

Biophysical Economics and Sustainability
|April 16, 2024
PubMed
Summary

Economic production relies on available energy. This study models oil prices using extraction rates and Federal Reserve interest rates, predicting a contraction phase with low oil prices starting in 2020.

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