Afternoon Must-Read: Jason Furman and James Stock: On Energy, ‘All of the Above’ Is Working

Jason Furman and James Stock: On Energy, ‘All of the Above’ Is Working: “U.S. gasoline consumption has fallen by 5.5 percent since 2007…

…or half a million barrels per day… gasoline consumption is now on a path to plateau, then decline after 2019…. Production of renewable energy has increased rapidly… electricity generation from wind has tripled while solar generation is up more than tenfold….Much of this energy revolution has been driven by technological advances and entrepreneurial risk-taking by a dynamic private sector. These trends have been supported and advanced by President Obama’s ‘all-of-the-above’ energy strategy… responsible development of oil and natural gas resources… accelerated the development and deployment of low-carbon wind, solar and nuclear projects… advanced energy efficiency… light-duty vehicles… appliances… buildings through the president’s Better Buildings partnership…”