If the more » energy necessary to produce one unit of real GNP is set at 1, then in 1984, it was 48, a decrease of 52%. (For the last nine months of last year, Japanese utilities generated 214,100 million kilowatt-hours of electricity.) Since 1972 Japan has done a tremendous job in reducing the amount of energy it consumes. Before last year, electricity demand was growing at a healthy clip. 5% when compared to the same period during the previous year. Growth in electricity demand in Japan has come to a halt due to a severe recession in the country's industrial sector. As price-induced conservation and efficiency increases continue, energy use is expected to continue to grow more slowly than the output of the US economy, even while economic recovery takes place. Between 19 the economy grew at about 3% per year while energy use grew only 0.9% per year. Since the embargo of 1973, the mix of fuels contributing to energy growth has changed with virtually all of the energy growth coming from coal and nuclear power. Net imports are currently averaging 4.1MMB per day. This decline in imports is the result of both a large drop in domestic energy consumption and an increase in domestic more » production. A 12% import of oil compares to the peak in 1977 when the US imported 24% of its energy needs. In 1981, the United States produced 88% of the energy it consumed, the highest level of domestic energy reliance in a decade. Energy consumption in the US currently amounts to the equivalent of 35 million barrels of oil per day, accounted for by oil (43%), natural gas (27%), coal (22%) and nuclear, hydropower and other forms of energy (8%).
0 Comments
Leave a Reply. |