Energy intensity down, U.S. economy up, and stranded assets as oil demand drops
With the incoming administration, I expect to hear the same arguments pitting energy conservation against the economy, followed by a call to build more pipelines and drill. Next time you hear that argument, you can share this graph. Between 1980 and 2011 the economy expanded by 230% from $6.5 trillion to 15.2 trillion (in inflation-adjusted dollars), while energy […]