That depends on the form of consumption. For example, one large form of consumption is commuting from suburbs to the offices on gridlocked roads in SUVs with on

That depends on the form of consumption. For example, one large form of consumption is commuting from suburbs to the offices on gridlocked roads in SUVs with one person in it. Everyone universally hates that, and working from home for office workers would greatly reduce consumption (of oil) while increasing living standards.