American Economics Thread

[vincent]

Kinda interesting that electricity consumption is lower than last year when the economy is supposed to be growing

 

[Proton]

Kinda interesting that electricity consumption is lower than last year when the economy is supposed to be growing

Mature economies reaching a sort of plateau in electricity demand isn't exactly something new.
Fluctuations should mainly be driven by transient factors like weather.

 

[BlackWindMnt]

Kinda interesting that electricity consumption is lower than last year when the economy is supposed to be growing

View attachment 117052

Interesting how energy generation capacity didn't grow after 2008 while pre 2008 showing steady growth. But from 2008 till now US GDP did double...

 

[MortyandRick]

Mature economies reaching a sort of plateau in electricity demand isn't exactly something new.
Fluctuations should mainly be driven by transient factors like weather.

So the US became a mature economy in 2007/2008? Because that's when their electricity use plateaued. I would have thought with increase in population, the electricity use would continue to increase

 

[CMP]

So the US became a mature economy in 2007/2008? Because that's when their electricity use plateaued. I would have thought with increase in population, the electricity use would continue to increase

No. More likely it's when F.I.R.E. took over as the dominant driver of growth.

 

[TK3600]

There is no such thing as developing vs developed nation, only developing and stagnating nation. I would call most of "developing nation" stagnating nation as well. Development happens all the time even at world leading stage. Being wealthy aids development not hinder. US is a stagnating type despite being wealthy.

 

[Proton]

So the US became a mature economy in 2007/2008? Because that's when their electricity use plateaued. I would have thought with increase in population, the electricity use would continue to increase

Electricity per capita largely peaked around 1990, when the buildout of Nuclear power was halted.

For the broader picture you need to look at energy consumption per capita:

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This peaked 50 years ago.
And that's the thing about mature economies - ever increasing inputs of energy becomes uneconomical and energy efficiency wins ground.

 

[Proton]

Electricity per capita largely peaked around 1990, when the buildout of Nuclear power was halted.

For the broader picture you need to look at energy consumption per capita:

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This peaked 50 years ago.
And that's the thing about mature economies - ever increasing inputs of energy becomes uneconomical and energy efficiency wins ground.

Just forgot to add the point of the Soviet Union failing to keep up with this transition.

 

[Topazchen]

Just forgot to add the point of the Soviet Union failing to keep up with this transition.

Wait, Russia's energy consumption per capita is higher than Germany and EU average.. Interesting

 

[Quan8410]

Wait, Russia's energy consumption per capita is higher than Germany and EU average.. Interesting

Russia have shit ton of fuel, a very very cold winter, and their nuclear engineering is world class. Not surpsising if their energy per capita is higher.