Short-term energy outlook: Quarterly projections, July 1987

Technical Report · Fri Aug 07 04:00:00 EDT 1987

OSTI ID:6195369

The forecasts are produced using the Short-Term Integrated Forecasting System (STIFS). The STIFS model uses two principal driving variables: a macroeconomic forecast and world oil price assumptions. Macroeconomic forecasts produced by Data Resources, Inc. (DRI), are adjusted by EIA to reflect EIA assumptions about the world price of crude oil, which differ from DRI estimates. EIA's Oil Market Simulation Model is used to project world oil prices. (These models are available on tape from the National Energy Information Center.) The three projections for petroleum supply and demand are based on low, middle, and high crude oil price trajectories. The discussion and tables in this volume refer primarily to the middle, or base case, scenario and, unless otherwise noted, to the domestic situation. Other cases examining the sensitivity of total petroleum demand to varying assumptions about prices, weather, and economic activity are shown in Table 13 on page 51. Discussions of the world oil price refer to the cost of imported crude oil to US refiners.

• Research Organization: USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
• OSTI ID: 6195369
• Report Number(s): DOE/EIA-0202(87/3Q); ON: DE87013432
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
294002 -- Energy Planning & Policy-- Petroleum
DEMAND
ENERGY DEMAND
ENERGY MODELS
ENERGY SOURCES
ENERGY SUPPLIES
FORECASTING
FOSSIL FUELS
FUELS
PETROLEUM
SUPPLY AND DEMAND