Energy intensity is a neat indicator, putting energy consumption into the relation of the GDP.
Needless to say that many factors go into both variables, especially the transfer of energy intensive industries has had recently an important impact. Overall demand and supply interact through the price and the curves have been surprisingly elastic over the long term. Cheap ressources are of course of great benefit to the economy however key and finite ones should not come to cheaply to give enough early incentives to increase the overall efficiency and the development of alternatives.
In the mid term the high price increases the attractivness of investment into the sector.
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