Greece Cuts Energy Use In Crisis

image10A significant side effect of Greece’s crushing economic crisis has been a drastic reduction in the amount of energy being used, according to the European Union’s statistics agency Eurostat. From 2008-11 the figures showed that Greece and Ireland recorded the second biggest decrease of energy imports among the EU’s 27 countries, some 12.3%.

Gross inland energy consumption in the EU fell from a level of 1.800 billion tons of oil equivalent (toe) in 2008, to 1.7 billion in 2009, increased to 1.76 billion in 2010 and then fell again to 1.7 billion in 2011. Between 2008 and 2011, energy consumption in the EU27 has decreased by 6%.

The biggest decrease in energy consumption was witnessed in Latvia (-24.5%), Greece and Ireland (-12.3%), Romania (-10.2%) and Spain and the UK (-9.4%). Only four Member States increased their energy consumption levels, the largest being obvserved in Malta (+16.9%) and Estonia (4.8%). The highest energy dependence rates in 2011 were registered in Malta (101%), Luxembourg (97%), Cyprus (93%) and Ireland (89%).

Εlectrical Power Consumption in Greece
According to the Independent Power Transmission Operator (IPTO or ADMIE), electrical power consumption in Greece in 2012 was at the same levels as in 2004. The figures for 2012 show that electricity demand dropped for the fourth year in a row in the country to 50,289.2 GWh, decreased by 2.34% compared to 2011. In 2012, electrical power consumption was decreased by 9.67% compared to 2008. The biggest decrease in electrical power consumption was observed mainly in households because of the increased electricity prices and taxation.


  1. Except for electricity (from lignite burning and some hydro) Greece imports all of its energy including petroleum.

    What can Greece offer in return for overseas energy? Up until a few years ago, the answer was shiny new borrowed euros.

    Each euro represented a promise … of something better, both for the oil exporter and for the euro exporter. The oil exporter would become ‘modern’ while the euro exporter would be what the oil exporter was promised to be.

    Promises, promises … the euro turns out to have been a fraud, a sub-prime mortgage. Everyone still clings to the false promises! Why?

    If the euro is demonstrably worthless, what is a Greek drachma worth? What about a French franc or German mark?

    The implications of all this is that Greece is bankrupt, it cannot borrow any more euros except to repay euros to European and Wall Street bankers. It has nothing else to offer anyone but lessons in bankruptcy.

    Lesson 1: Greece has been bankrupted by its automobiles which cannot pay their own way x millions of Greek autos.

    Lesson 2: if Greece keeps clinging to autos and Europe to autos, euros and false promises, the entire continent will wind up like … Greece? No, like Syria or Yemen. This process is called ‘Conservation by Other Means’ and is underway right now.

    The only way for Europe and the rest of the world to escape Greece’s and Yemen’s fate is to get rid of the cars right away. Or else … (finger cutting gesture across throat).

  2. Possibly the funniest post I ever read! LOL! 
    I say get rid of food and we’ve solved everything! 

    Kai rotamai, giati e Ameriki vithisi? LOL!