IPAA (Independent Petroleum Association of America) sees slight 1979 oil demand rise

Journal Article · Mon May 14 04:00:00 EDT 1979 · Oil Gas J.; (United States)

OSTI ID:5705186

According to IPAA at its Midyear Meeting (Reno, Nev. May 1979), 1979 US oil demand (in millions of bbl/day) will be 18.926, including 7.494 for motor gasoline, up 1% from 1978; 1.113 for aviation fuel, up 1.2%; 3.604 for middle distillates, up 1%; 2.9 for residual fuel oil, down 4%; 1.45 for LPG, up 3.4%; and 2.365 for other products, up 2.4%. 1979 US production in 1979 (in millions of bbl/day) is expected to be 8.641 for crude oil, a decline of 0.07 from 1978, including an increase in Alaskan North Slope production of 0.139 and a decline in all other states of 0.209. Natural gas liquids production is expected to fall by 24,000 bbl/day to 1.543 million. US supply is expected to be 19.294 million bbl/day, an increase of 186,000. Total US energy consumption is expected to be 79.4 quadrillion Btu (quads), up 1.6%, including 3.2 quads for nuclear energy, up 8.2%; 3.4 quads for hydropower/geothermal, up 4.5%; 14.8 quads for coal, up 4.1%; 38 quads for oil, up 0.9%; and 20 quads for natural gas, up approx. 1%.

• OSTI ID: 5705186
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 77:20; ISSN OIGJA
• Country of Publication: United States
• Language: English

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02 PETROLEUM
020700 -- Petroleum-- Economics
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29 ENERGY PLANNING, POLICY, AND ECONOMY
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DEMAND
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USA