Why energy demand is plummeting in the US

As the COVID-19 pandemic

As the COVID-19 pandemic continues to keep Americans indoors, demand for energy has fallen to its lowest level since the 1990s.

All the way back in April (which may as well be years ago at the rate that the news cycle is moving these days) Oilprice reported that in the throes of the novel coronavirus pandemic, which had relatively recently washed over the United States, had caused the nation’s energy consumption to fall to a stunning 16-year low.  According to NPR’s Planet Money podcast, which reported on this statistic at the time, this was a figure that was a particularly good indicator of just how badly the domestic economy was doing. ““How much electricity the country uses tends to match how much the economy is growing or shrinking really closely,” said Cardiff Garcia, one of the show’s hosts, on the April 13 Indicator podcast. “It can tell us how much worse the economy is getting in real-time, and it should also tell us when the economy has started to recover.” 

Continue reading https://on.rt.com/ang1