Energy Consumption vs. Core Populations – Trending Down Together
What’s the point? We are in the midst of a structural, secular change and policy makers / central bankers insistence that it is just a transitory issue in need of more rate cuts and more credit to ”restart the economy” is absolutely ridiculous. This is the story of cause (declining population, where it counts) and effect, declining energy consumption and economic activity. And this is about to really pick up speed to the downside (more on that, China, below). Plus, we can ponder if real economic “growth” coincident with declining consumption of energy is possible…or is that growth just debt and financialization? Also keep in mind while viewing the charts and data below, if not for the twenty six years of Federal Reserve (& CB’s worldwide) interest rate cuts incenting all the debt creation, energy consumption would have begun declining long ago.
US-
Below, total US energy consumption (quadrillion BTU’s) vs. core employees. Correlation? Causation? Anyway, just is what it is. The US consumes 18% of global energy but US total energy consumption has been falling since 2007 and is now back to where it was 17 years ago, in 1999….likewise, the total number of 25-54yr/old employees peaked in ’07 and is now back to 1999 levels.
Below, same as above but added core population through 2025 (UN assumes, perhaps wrongly, continued levels of immigration to achieve that slight population growth from now through 2025).
JAPAN –…click on the above link to read the rest of the article…
