IPAA; U. S. oil production to resume long slide

Journal Article · Mon Apr 06 00:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:5540217

This paper reports that although production rose slightly in 1991 in response to the Persian Gulf War, U.S. oil flow will resume its decline this year in downward trend that will persist at least until 2000. The independent Petroleum Association of America's supply/demand committee pegs crude oil production at less than 7.2 million b/d, down 2.9% from 1991 and the lowest level in 30 years. Crude oil production will continue sliding to 5.8 million b/d by 2000, the smallest volume since 1950. U.S. natural gas production will increase to 20.3 tcf by 2000 for a growth rate of almost 2%/year. Natural gas trade will increase, too, with imports rising to 2.7 tcf by 2000, an average of nearly 6%/year. U.S. natural gas exports to northern Mexico also are expected to grow.

• OSTI ID: 5540217
• Journal Information: Oil and Gas Journal; (United States), Vol. 90:14; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
NATURAL GAS
PRODUCTION
PETROLEUM
USA
EXPORTS
GAS YIELDS
OIL YIELDS
TRADE
DEVELOPED COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
NORTH AMERICA
YIELDS
020700* - Petroleum- Economics
Industrial
& Business Aspects
030600 - Natural Gas- Economic
Industrial
& Business Aspects