"Fuel-efficient vehicles and a long transition away from heavy industry mean the U.S. economy now consumes just 0.4 barrels of oil to produce $1,000 of gross domestic product, down from 1.1 barrels in 1972, said Martin Stuermer, a senior research economist at the Dallas Fed."
Sunday, December 9, 2018
Rising Fuel Efficiency Over Time
See Cheaper Oil Isn’t the U.S. Boon It Used to Be by Paul Kiernan and Christopher M. Matthews of The WSJ. Excerpt:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.