In fact you've overestimated it. The processes you describe may be energy intensive, but the systems which surround said processes - and the design required to

In fact you've overestimated it. The processes you describe may be energy intensive, but the systems which surround said processes - and the design required to deploy them - are intensive in man hours. Labor is of course a far larger portion of GDP, and lowering the cost of labor would of course have a far more dramatic impact on our lives than would lowering the cost of energy. Prof Hanson has written on this subject if you care to read a more comprehensive academic take on it. In summation, much of the focus people place upon lowering the cost of energy is misplaced and quite silly when one stops to think about it in an unbiased manner.