The De-Electrification of the U.S. Economy

[McFurd]

Bloomberg - 4/12/2017 - Justin Fox - For more than a century after the advent of commercial electrical power in the late 1800s, electricity use in the U.S. rose and rose and rose. Sure, there were pauses during recessions, but the general trajectory was up. Until 2007, it appears: The initial drop in electricity use in 2008 and 2009 could be attributed partly to the economic downturn. But the economy grew again in 2010, and every year since. Electricity use in the U.S., meanwhile, is still below its 2007 level, and seemingly flatlining. Read more @ https://www.bloomberg.com/view/articles ... -s-economy