What to expect in 2020

1. Continued sagging of world economy

2. Acceleration of birth rate decline in developed areas

3. Intensified fighting for control over oil and gas 

Debt-service, high energy costs, and military spending will continue to be a burden on profits. As companies fail, unemployment will add to the downward pressure. In developed areas, birth rate decline will accelerate which will further depress demand for energy, especially oil.

As profits evaporate into energy cost and debt-service, the control of the last sources of high netenergy fuels will become more important and fighting will intensify.