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What is Going on Economically?

Positive Future #654 (Feature photo – the 1600s – Public Domain )

The U.S. Energy Administration just reported that U.S. energy consumption finally reached the same level as energy consumption in 2007. The eleven-year period from 2007 through 2018 represents a rather flat period in terms of energy consumption. One wonders, is this is due to sluggish economics not picked up by economic forecasters? During this same period of time, the U.S. population increased by 8.5 percent or 26 million people.

Interestingly, renewable energy was only up 1 percent from 2017 to 2018, while natural gas was up 3 percent and petroleum up 1 percent. You can read the full story here: https://www.eia.gov/todayinenergy/detail.php?id=42335

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