All posts by Daniel Lacalle

About Daniel Lacalle

Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Author of bestsellers "Life In The Financial Markets" and "The Energy World Is Flat" as well as "Escape From the Central Bank Trap". Daniel Lacalle (Madrid, 1967). PhD Economist and Fund Manager. Frequent collaborator with CNBC, Bloomberg, CNN, Hedgeye, Epoch Times, Mises Institute, BBN Times, Wall Street Journal, El Español, A3 Media and 13TV. Holds the CIIA (Certified International Investment Analyst) and masters in Economic Investigation and IESE.

Energy Efficiency in US: Hard to Believe?

Global Economy, On the cover, Sin categoría

White line is US GDP, orange – unemployment, red – oil demand, yellow – gasoline demand, green – gas demand.

  • US 2001 – 2011
  • GDP +6.3%
  • Gasoline demand +0.06%
  • Oil demand: +0.05%
  • Gas demand +2.6%.
Pretty impressive
Efficiency
Now It’s Illegal in the U.S. to Sell a 100 Watt Bulb: What Are the Implications for Power Demand?

The introduction of new lighting in the US will take aggregate demand growth to zero or negative over the implementation period, eg, the next 4-5 years. General Lighting is a big slice of the pie (like 12%) and a lot of the US simply never switched over to incandescent (eg, residential, and some commercial). Will have less of an impact on Europe.

Incidentally, many will make the argument that new iPads and gizmos will offset losses, we keep buying stuff and plugging it in. While true, the devil is in the details…new LED TV replacements are obliterating like-for-like consumption, particularly against gen 1.0 plasmas. New refrigerators and heaters are substantially more energy efficient.