“…The energy intensity of the U.S. economy peaked rather sharply around 1920, and by 2000 it was down by nearly 60%; however, between 1949-1973 it remained stable, a constancy that suggested, wrongly, an immutable long-term link. More remarkably, in spite of very different circumstances, pre-1949 and post-1973 declines were very similar, indicating that autonomous technical advances, rather than prices, are the key reason for higher efficiency (58). In contrast, Japan's twentieth-century record shows a gradual, steady rise of energy intensities until 1970, followed by a wavy decline that brought them about 30% below the peak level by 2000 (10).…”