Sat 19 Nov 2005
Here is an interesting statistic. It shows the amount of Energy consumed per dollar of GDP. It really is a measure of technological efficiency. We are getting more and more out of every barrel of oil.
Thats good news for America (and the world) and bad news for oil companies and environmental groups. The former because they sell less oil, the latter because their “cause” is weakened.
http://intensityindicators.pnl.gov/graphics.html
HT: Transterrestrial Musings via Instapundit

November 20th, 2005 at 2:13 pm
Cause and oil companies are going strong because we keep using more oil even as we get more value from it.