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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

#61
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 ≈…

It's counter intuitive in the way that the price of fuel has gone up over that time (causing prices on many things to rise because most things have a little oil in their price tag due to production and transport etc.), so in terms of buying fuel then and now how much is 1BTU worth?

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

#62
post #35

Earlier quoted context omitted.

everyone switched from manufacturing to service jobs

Manufacturing is brutal at efficiency. Every generation they aggressively cut material use and process energy usage. Look at any device that had a lot of metal years ago. The second part is phones have replaced a lot of people’s “stuff”. Young people prefer phones to cars even. You can loads of “stuff” on your phone and it’s just software.

I can spend more on a phone then I did on my last car, although I pay half my car's purchase price every year I pay for insurance so I shouldn't be bragging!
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