There has not been a contraction of growth for 22 years.
Oil will gradually be replaced, the availability of electric cars will increase and diesel will be replaced with gas.
These technology's are hear now, without any extra technology's.
Clean electric power is increasing, and will continue to make inroads into coal power generation. Industrial roof space is ideal for solar power. All obstacles can be overcome.

NSB!great to see you back.
I am retreating from some threads.
We have super combative newcomers and not worth it see you on one of those.

I m pretty sure that there has been a reduction in GDP this year.
However we are affected by the world average GDP and we are using
less energy and that must result in lower GDP.
Even mainstream economists recognise that now.

If we continue exporting natural gas then it will have little effect
on our our transport fuels.
It is the scale of the oil industry that is so very hard to offset.
Example, one opinion is that the shale gas and oil in the US will
delay the decline in oil supply by two weeks.

Another opinion is that there will not be enough credit available to
convert the transport over from petrol and diesel to natural gas.

Have a listen to this talk by Richard Heinberg in New Zealand.

http://tinyurl.com/ce73aw7

Cheers

Dear Bazz,
Let me correct you, I didn't mention that Julia Gillard was the recipient of jokes, I just said that I suspect that she is., quite a vast difference in my book.
Cheers for now,
Noisy

Hi Belly,
Thankyou for your welcome back to OLO, I have missed you and others, I see that nothing much has changed, there's a few feisty, single minded folk out there. But it is good to reconnect my good friend.
Hope this quick post finds you well and happy. Take care my good friend.
Noisy Scrub Bird.

NSB, ahh yes you did say suspect.
>I suspect that she is the butt of jokes,

I have not heard any jokes either.
Maybe it is because she is the joke !

Cheers, if you didn't laugh you would have to cry.