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US Energy Efficiency: We Have Come A Long Way
US Energy Efficiency: We Have Come A Long Way
Via RealInvestmentAdvice.com,
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...
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