Much of the U.S. economic data over the last month has been softer than expected, raising concerns about future consumption of industrial commodities such as copper.
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After the nasty price shocks and shortages in the 1970s, U.S. industrial consumption of natural gas plunged by 30%.
Britain now suffers among the highest rates of alcohol consumption in the advanced industrial world, and unlike in most countries, boozing is on the upswing.
Demand for natural gas is set to rise in the U.S. as power plants and the industrial sector increase their consumption of the fuel.
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Mr Cavey calculates that the metals industry accounted for 40% of the growth in electricity consumption in 2001-07, but only 16% of the increase in industrial production.
Since the beginning of the Industrial Revolution, energy consumption per person in the U.S. has crept ahead at 3% per year.
The demand for water originates from four main sources, namely, agriculture, production of energy, industrial uses and human consumption.
China's industrial sector accounts for 70% of total energy consumption.
He is unimpressed by those who say that economists have been advocating similar consumption taxes for half a century without persuading the government of a single industrial country to adopt one.
He says this will create regional jobs, increase resource security, reduce consumption of non-renewable resources, increase material efficiency and prevent carbon emissions and industrial waste - all on a big scale.
As a result, creation as much as consumption becomes a deeply personal experience, not one alienated or fragmented like so many of our experiences post Industrial Revolution.
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