Silver as an investment

Crude Oil: Which Countries Consume It Most Efficiently?

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

munknee.com / by Lorimer Wilson / May 29, 2012

One of the most fundamental relationships of the modern economy is the tie between the amount of energy a country consumes and their GDP and is an excellent way to predict a country’s economic productivity. [This article analysis the daily number of barrels of oil consumed for 20 countries relative to their PPP adjusted GDP. Germany has the largest residual of all developed countries followed closely by the U.K. while the U.S. has the poorest and Canada is not far behind. Read on to determine just how efficient your country actually is in its crude oil utilization.] Words: 470

So says Tom Guttenberger in edited excerpts from his original article* as posted on Seeking Alpha.

Guttenberger goes on to say, in part:

Shown below is a linear regression of PPP-adjusted GDP against the number of barrels of oil consumed daily. For the regression I used countries that ranked in the top 20 for both statistics.

As illustrated by the ~.93 R-squared figure, the amount of oil consumed by a country is an excellent way to predict their economic productivity….

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Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.

Thanks to BrotherJohnF