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Europe's "Less" Is Doing More Than Anyone Gives It Credit For

oilprice.com

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Re: Europe's "Less" Is Doing More Than Anyone Gives It Credit For

#11

Post by baxtr »

> Gas set the price of electricity in 15% of hours in Spain this year against 89% in Italy, and when Hormuz closed, Spain grew 0.7% while Italy got flagged as the eurozone's most exposed economy.

It's a shame that Italy spent so little on solar compared to Spain. Sun shining there as well last time I checked.

Re: Europe's "Less" Is Doing More Than Anyone Gives It Credit For

#12

Post by [deleted] »

delichon wrote: post #4

> Every euro of EU output now takes 44% less energy than it did in 1995, and more than a third of that improvement has landed since 2019. This is positioned as the key fact of the whole argument, presented first and repeated. But they do not attempt an equivalent US figure. So here's mine. https://www.eia.gov/totalenergy/data/monthly/pdf/sec1_19.pdf 1K BTU Consumption per $ of GDP 1995: 7.77 2025: 4.04 4.04 / 7.77 ≈…

[deleted]

Re: Europe's "Less" Is Doing More Than Anyone Gives It Credit For

#13

Post by megous »

We'll see after the winter. Industrial decline may also lead to reductions in energy use. And increased costs in coutnries where EU "exported" it's energy heavy industry may come back and bite, too.

I would not make conclusions from a short 5 month price shock.

Re: Europe's "Less" Is Doing More Than Anyone Gives It Credit For

#15

Post by orwin »

jdlshore wrote: post #2

I think this is AI. It’s not as bad as some, but it’s got that breathless enthusiasm and drones on and on without ever quite getting to its point.

Pretty sure it's edited AI. Honestly for dry stuff like this it's okay, if a bit tiring at the end.

Re: Europe's "Less" Is Doing More Than Anyone Gives It Credit For

#16

Post by cinntaile »

tmtvl wrote: post #10
delichon wrote: post #4

> Every euro of EU output now takes 44% less energy than it did in 1995, and more than a third of that improvement has landed since 2019. This is positioned as the key fact of the whole argument, presented first and repeated. But they do not attempt an equivalent US figure. So here's mine. https://www.eia.gov/totalenergy/data/monthly/pdf/sec1_19.pdf 1K BTU Consumption per $ of GDP 1995: 7.77 2025: 4.04 4.04 / 7.77 ≈…

Interestingly you're looking at the wrong column: emissions per million USD GDP have gone from 467 metric tons to 206 metric tons. That's an improvement of about 56%. It'd be great if the politicians here in the EU could pull their heads out of their arses long enough to try and match that.

What are the equivalent numbers in the EU? Be sure to compare the same numbers. Usually they're in MtCO2e and not in MtCO2 like in that PDF.

Re: Europe's "Less" Is Doing More Than Anyone Gives It Credit For

#17

Post by jskdkdkdkf »

tmtvl wrote: post #10
delichon wrote: post #4

> Every euro of EU output now takes 44% less energy than it did in 1995, and more than a third of that improvement has landed since 2019. This is positioned as the key fact of the whole argument, presented first and repeated. But they do not attempt an equivalent US figure. So here's mine. https://www.eia.gov/totalenergy/data/monthly/pdf/sec1_19.pdf 1K BTU Consumption per $ of GDP 1995: 7.77 2025: 4.04 4.04 / 7.77 ≈…

Interestingly you're looking at the wrong column: emissions per million USD GDP have gone from 467 metric tons to 206 metric tons. That's an improvement of about 56%. It'd be great if the politicians here in the EU could pull their heads out of their arses long enough to try and match that.

[dead]

Re: Europe's "Less" Is Doing More Than Anyone Gives It Credit For

#18

Post by 0x_rs »

CTRL+F "manufacturing": 0 results for a website called "oilprice", instead it has this line: "An economy that produces more while burning less isn't stagnating…it's just getting more efficient, and there's no headline number for that, so it mostly doesn't get written about.", which is false, these are different things. EU economy shifted from manufacturing to services in the past decades and especially after the GFC (from which it never recovered in some sectors), losing millions of those jobs in the process, and an output decline in the 20% range, France leading the way with the industrialization collapse. Services are inherently less energy sensitive than manufacturing and there's no question the latter, already struggling, hit another wall in 2022 because the continent has zero energy independence. If you cannot produce your energy your manufacturing will always be at the mercy of macroeconomic events, and your consumption will always depend on another country's production. It takes 20 seconds to generate an AI article full of fabrications but orders of magnitude more to properly correct it..

Re: Europe's "Less" Is Doing More Than Anyone Gives It Credit For

#19

Post by Imaiomus »

baxtr wrote: post #11

> Gas set the price of electricity in 15% of hours in Spain this year against 89% in Italy, and when Hormuz closed, Spain grew 0.7% while Italy got flagged as the eurozone's most exposed economy. It's a shame that Italy spent so little on solar compared to Spain. Sun shining there as well last time I checked.

Dont worry, if ultras wins next year election in sPain they will tax sun again, so shame levels will equalize.
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