US Energy Efficiency: We Have Come A Long Way
The graph below paints a very interesting picture of US energy efficiency and a key structural economic change in this country. For roughly 25 years after WWII, the US economy's crude oil consumption nearly tripled. Feeding the growth were a booming post-war economy and strong population growth. To put consumption in a different context, the graph shows consumption as a ratio to a dollar of real GDP, on a per capita basis. It shows that consumption per dollar of GDP declined rapidly starting in the mid-1970s, suggesting an increase in US energy efficiency. The US per capita energy efficiency…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.