PEAK OIL

Upheaval in economic structures
Since oil is needed directly or indirectly for the production of more than 90% of all industrial
goods, effects would show across the entire economic structure. Since an increase in the price
of oil would bring about a shift in almost all price relations, consumption and, in turn,
domestic production and foreign trade would have to permanently adapt to the new oil prices
(cf. Fig. 6).
Figure 7 : German Imports and Exports Classified by Commodity Groups
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