Energy efficiency – bigger than shale


  • Business
  • Wednesday, 24 Sep 2014

The drive towards energy efficiency, with the use of natural gas and such measures as replacing incandescent light bulb (centre) with LED light bulbs and compact florescents, is helping the US cut consumption of petroleum products by 2 million barrels a day - AFP Photo.

LONDON: The US is experiencing the largest and most sustained drop in oil demand since the start of the petroleum era in 1859, thanks to improvements in efficiency and the switch to alternative fuels.

Quietly and almost unnoticed by most commentators, efficiency and fuel switching are making an even bigger contribution to the North American energy revolution than hydraulic fracturing and horizontal drilling.

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