Declining Energy Means Declining Economy

More evidence of an economic recovery? NOT! This chart shows just the opposite:

The chart is from Mish and is evidence of a non-recovering economy.

Declining energy usage is not a sign of a recovering economy, rather it is the sign of a dying economy. Declining energy usage is  a sign of an economy shrinking. Modern economies grow by using more, not less energy. Energy usage has dropped back to 1996 levels.

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2 Comments

  1. Must be all those windmills, solar panels, and algea farms ramping up……another 4 years of Obama and we’ll not need petroleum or gasoline.

    “wish we could all live in the mountains at high altitude. That’s where I see myself in five years. How about you?”
    Phil Conner

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