Oil burden
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Oil burden is the volume of petroleum consumed multiplied by the average price and divided by nominal gross domestic product.[1] This gives the proportion of the world economy devoted to buying oil. It is a concept developed by Veronique Riches-Flores of Société Générale.
References
- ↑ Authers, John (October 24 2007). "The Short View: Oil burden". Financial Times. http://www.ft.com/cms/s/0/60aa4dfe-8252-11dc-8a8f-0000779fd2ac.html?nclick_check=1.
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