Energy usage seems like a pretty bad indicator to start with, given vast efficiency improvements in nearly every aspect of industry? As a contrary example, we

Energy usage seems like a pretty bad indicator to start with, given vast efficiency improvements in nearly every aspect of industry? As a contrary example, we might well see energy usage massively surge here in the short run due to generative AI. And at this point there’s not much evidence there’s actually much real GDP value creation yet in any of that at all.