16
Apr
2026
Without energy, the impact on GDP will be much more than 1% to 2% because energy is required to power labor, technology, and factories.
The problem is they're wrong because if you don't have energy, you can't do all the other things that make your economy function. Without energy, it doesn't matter how much labor you have. Without energy, you can't run the technology that is a multiplier for corporations and productivity and factories, et cetera. You need energy to power everything else in the economy. So, the truth is that without energy, the impact is going to be much more than 1% to 2%.