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U.S. Department of Energy
Office of Scientific and Technical Information

Monthly energy review, December 1987:. [contains glossary]

Technical Report ·
OSTI ID:5260505
During the second half of 1987)emdash)a year of relatively stable crude oil prices and continued economic growth)emdash)the domestic energy industry began to show signs of recovery from the market disruptions of 1986. The composite refiner acquisition costs of crude oil in 1987 averaged $17.91 per barrel, up from $14.55 in 1986. In addition, 1987 prices were much more stable, ranging from a low of $16.17 in January to a high of $19.36 in August. In contrast, 1986 prices had ranged from $25.63 in January to a low of $11.26 in July. Economic conditions also favored recovery. Domestic gross national product (GNP), measured in billions of 1982 dollars, was up by 2.7 percent compared with 1986 GNP, and the index of industrial production rose 4 percent from 1986 to 1987. This issue contains a review of 1987 energy activity.
Research Organization:
USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
OSTI ID:
5260505
Report Number(s):
DOE/EIA-0035(87/12); ON: DE88007779
Country of Publication:
United States
Language:
English