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Re:Banks, QE, and Money-Printing by newdude116 on Tuesday November 03, 2020 @09:24AM (#24979882)
"Energy intensity of GDP has been falling for decades."

No, it has not. While this is true for the US, she just outsources manufacturing to China. Hence the energy intensive steps are done outside the US. So your comment is true for the US but not for the world economy as a whole.

https://gailtheactuary.files.wordpress.com/2011/11/energy-in...

Re:Banks, QE, and Money-Printing by JumpCrisscross on Tuesday November 03, 2020 @09:28AM (#24979908)
Re:Banks, QE, and Money-Printing by gshubert17 on Tuesday November 03, 2020 @12:08PM (#24981524)
After looking at The Oil Drum's page (from 2011), I found this from 2020:

https://yearbook.enerdata.net/total-energy/world-energy-inte...

The first graph there seems to show a decreasing energy intensity since 2011. Is there something I'm not seeing here?

For instance, one source says that energy production in 2019 was 14,715 MToe (million tonnes oil equivalent) or 14.7 E12 koe (kilograms). The graph said energy intensity was 0.110 koe per $2015. That implies a world GDP of over 130 trillion in 2015$. But I thought GDP was around $80 trillion (maybe a bit higher using purchasing power parity).

I'm confused. Is energy intensity decreasing because somebody's using an inflated denominator (PPP dollars)? What's really happening?