Just a number check: eight percent of the US GDP is well over a trillion dollars. That is, over $1e12, or more easily understood as over $1,000,000,000,000. I

Just a number check: eight percent of the US GDP is well over a trillion dollars. That is, over $1e12, or more easily understood as over $1,000,000,000,000. I think the trick here is a lot of energy is consumed by heavy industry. An single line in a plant can consume megawatts of power, and refining processes are flat out extravagant in consumption. If this energy was conserved or near free, we would see those savings passed onto lowered cost of goods or in process improvements/expansions. I think that's likely qualitatively different from just the Fed pumping cash into the system, and the impact would be impressive.