TheDude wrote:Equivalent graphs for the rest of the world can be found at the IEA's Statistics page. Select a region, then the graph for "Evolution of Electricity Generation by Fuel." Most show a contraction of use of oil in the early 80s - permanent demand destruction. The current crunch in the transportation sector will largely be transitory.
I'm not seeing the permanent demand destruction in oil used for electricity you're referring to. Here's the data for world electricity generation by fuel source from 1971 to 2005, and according to my ruler the amount of electricity from fuel oil is the greater in 2005 than in 1971. It's definitely fluctuated in the interim, but I don't see this permanent demand destruction you've been posting about. World electricity from oil in 2005 is greater, or at the very least roughly the same as it was in 1971.