The End of the Oil Age…Sort Of

Peter Zeihan

DES

July 23, 2019

0%

5%

10%

15%

20%

25%

30%

35%

40%

Imports/Exports as % of GDP, 2017

Imports Exports

7,000

9,000

11,000

13,000

15,000

17,000

19,000

21,000

23,000

1980

1981

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

North American Oil

US Production US Net Imports from Canada (All Liquids) US Net Imports from Mexico (All liquids) US Consumption

1000 b

arr

els

per

day

The

Twilight

War

The

(Next)

Gulf War

The Wars of the Disorder

Wedge Issues

Wedge Issues

@PeterZeihan www.Zeihan.com