Re: Re: oil and socialism

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

To some extent, the increasing energy efficiency is real, but a large portion
is illusory.  For example, the United States imports much more of the energy
intensive goods -- for example, steel.  Much that we sell has been
extraordinarily high markup -- for example, software.

Cars have greater fuel efficiency potential -- you are correct, although the
automobile fleet probably has less because of the increase in the SUVs.

Jim Devine wrote:

>
> Not even if the intensity of labor is increased? not even if the
> effectiveness of using such fuels increases? The mainstream media talk
> about how the U.S. economy is more energy-efficient than it was 25 years
> ago. I'm sure there's a lot of hype there, but there also seems to be some
> truth, too. After all, U.S. cars get more miles per gallon of gasoline than
> they used to...
>

--

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx