The commodity intensity of global GDP has fallen at -1.2% over the past half-century, as incremental GDP is more services-oriented. So is this effect adequately reflected in our commodity outlooks? This 4-page report plots past, present and forecasted GDP intensity factors, for 30 commodities, from 1973->2050. The -1.5% pa decline in the oil intensity of global GDP is anomalous and could even slow from here. While surprisingly many other commodities show demand increasing in line with, or above GDP growth.