The Most Energy Efficient Economy in History
You On Here »
The Most Energy Efficient Economy in History
The top chart shows that the U.S. had the most energy-efficient economy in history last year (data here), based on the amount of energy consumed to produce each real dollar of Gross Domestic Product (GDP). In 2009, it required only 7,290 BTUs of energy (petroleum, natural gas and other energy) to produce each real dollar of GDP, an all-time record low, and less than half the energy required in the mid-1970s to produce a dollar of output.Just one example of many that contribute to the remarkable increases in energy efficiency over time is illustrated in the next graph showing energy consumption trends for household appliances from 1990 to 2009 (data purchased from the Association of Home Appliance Manufacturers). Since 1990, the energy consumption per unit for five of the most common household appliances has fallen so consistently over the last twenty years that today's household appliances use between 20% (air conditioner) and 73% less energy (clothes washer) than in 1990.Using a slightly different measure of energy efficiency provided by the AHAM ("energy factor") that accounts for changes over time like the average tub volume of clothes washers (27% larger today than in 1990), the next graph shows the dramatic improvements in the "energy factors" since 1980 - from between a 43% improvement in energy efficiency for the room air conditioner to more than 200% for the refrigerator.Amazingly, the EIA report also showed that total U.S. energy consumption in 2009 (94.66 quadrillion BTUs) was less than the total energy consumed 12 years ago in 1997 (94.76 quadrillion BTUs). See previous CD post here.Update: We did save some energy in 2009 because output (GDP) fell by 2.44 percent due to the recession, but energy consumption fell by about twice as much (4.81 percent) last year, which lowered energy consumption per dollar of real GDP for the 18th consecutive year to an all-time historical record low.
Blog Archive
-
▼
2010
(1319)
-
▼
August
(87)
- Get Ahead by Greening Your Company
- AARP Names Best Employers for Workers Over 50
- Is Your Job Putting on the Pounds?
- Stop the Gossip, Save Your Career
- Jobs in Kenya - Why Kenya's Best Brains Do Not Tak...
- Mountain Towns - Finding a Career Position
- Free Health Care
- Job Interviews: How to Answer "Problem" Questions
- Morning Market Review 08-31-10
- Global Economic Recovery Watch: India +8.8%
- Case-Shiller Home Price Indexes Highest Since '08
- Buy Now or Wait? Check the Airfare Prediction Tool
- ECON 101: The Answer to A Housing Recovery is Lowe...
- Freelance Writer Jobs at Elance - Bidding Strategies
- Real Writing Jobs That Pay Are Fast Becoming The N...
- End of the Year Is Prime for Job Hunting
- This Week's Pact Between Friends
- Global Recovery Still on Track, Despite Angst
- GDP Revision Concerns Us Still
- GSEs Prevented Private Secondary Market
- Promoting Homeownership Is Not Only Un-American: I...
- Lessons on Trade, U.S. Manufacturing from Chile
- Quote of the Day on the "Two Americas"
- Record-High Corporate Profits in QII: The Mother's...
- Obama Is Gradually Losing Independent Voters
- The Onion Uncovers a New Form of Test Bias
- Economic Hypochondria
- Consumption, Investment and Trade Are All Up
- Morning Market Activity 08-27-10
- Buying Votes in Arkansas With Our Money
- Markets in Everything: Fantasy Sports Insurance
- Weekly Intermodal Rail Volume Sets 2010 Record
- Durable Goods Orders Doomsday Prophecy
- The Case for Optimism and 20 Charts to Prove It
- More on Global Shipping Boom. What Double-Dip?
- Truck Tonnage Index Increases for 8th Month
- Morning Market Report 08-25-10
- International Air Travel Shows Continuing Strength...
- Is War Between Generations Inevitable? What About ...
- Housing: The End of the Artificial Stimulus
- Cataclysmic Home Sales Data for July
- Random Roundup
- Leading Economic Indexes: 4 Up, 1 Down
- ASA Staffing Index Reaches 97-Week High
- Putting Tomatoes on the "Bathroom Scale"
- M&A Activity on Large Cap Tech Sector Dynamics
- Shipping Boom = Rates Have Doubled Since 2009
- Why The Current Job Market Recovery Is Stronger Th...
- Global Economic Recovery Watch: Surging Cargo Volu...
- The Most Energy Efficient Economy in History
- Gridlock is Great for Stock Market Returns
- Some Examples of the Unintended Consequences and I...
- Intrade Odds Update: Gridlock in 2011
- Interesting Tattoo Facts
- Markets In Everything: Ritual Animal Sacrifices
- Markets in Everything or Not: Buy 6, Get One Free
- Adjusted Jobless Claims Update
- Quote of the Day: Free Market is a Bathroom Scale
- Traffic Volume Reaches 21-Month High in June
- Deere's (NYSE: DE) Austerity Death Threat
- Entrepreneurs Can Make a Greater Contribution to S...
- Jobless Claims Nightmare
- Market Preview 08-18-10
- WalMart's (NYSE: WMT) Same-Store Sales Red Flag
- Wal-Mart (NYSE: WMT) Q2 FY 2011 EPS Highlights
- Premarket News 08-17-10
- This Week: PPI, LEI & Retailers' EPS Key
- Premarket Report 08-16-10
- Retail Sales in July Rest Where Consumers Go to Die
- Friday the 13th Market News Summary
- Telestone Technologies -19 Percent After Hours on ...
- Markos Sees Economic Trouble Ahead & Behind
- Shocking Jobless Claims Support Case Against Econo...
- Q2 GDP Revision Coming
- Trade Deficit Expands in June 2010
- Fed Aims an Empty Gun
- Skype IPO S-1 Registration with SEC
- This Week: FOMC, International Trade, Retail Sales...
- Labor Market Forum 08-10
- Shrimp and Rice Pilaf Recipe
- Employment Report July 2010
- Jobs Data Cooler
- Market Wrap 08-04-10
- Trust Consumer Spending Data Over the Services Report
- Manufacturing is Stagnating and Stinky
- This Week: Unemployment, Auto & Store Sales
- Fiscal Stimulus or Budgetary Prudence?