Tag «NAFTA»

More of the same from the cheerleader-in-chief

“Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent.” Energy experts generally agree that a 2 per cent annual decline in extraction of crude oil translate to reasonably painful adaptation and the cessation of economic growth, a five per cent declines spell very painful adjustments and an economic depression of unprecedented magnitude, and a ten per cent decline means societal breakdown at a monumental scale.