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Thursday, December 30, 2010

Oil Consumption and Productivity

Plotting GDP per capita versus oil consumption per capita shows how much wealth is being created in different countries, and the efficiency with which they do so.   It is interesting that almost all countries plot below an "efficient frontier" indicating a ratio of productivity to oil use.   Despite major efforts in some countries (think about the number of bicycles in Holland) few countries are more than marginally more efficient at using energy than the United States.

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