16 comments on A Few More Thoughts Related to Pedro Prieto's "NINJA" Post
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16 comments on A Few More Thoughts Related to Pedro Prieto's "NINJA" Post
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The corporations which comprise the DJIA are all global, and it is quite probable that the most energy intensive activities occur offshore. I think what really needs to be compared is stock prices of some group of corporations against the real output of those same corporations and the energy consumed by this group.
But good luck with that exercise...
"...and it is quite probable that the most energy intensive activities occur offshore..." so why with ~ 4% of the world's population does the USA use ~ 25% of oil consumption?
My first inclination for a response is "because we are energy hogs"...
A related point is that our consumption is actually responsible (indirectly) for *more* than 25% of oil consumption precisely because we maintain a negative balance of trade.