Petroleum supply/demand estimates and cost of petroleum exports, 1978--1979

Technical Report · Mon Feb 05 04:00:00 EST 1979

OSTI ID:6413147

Farmer, R; Bwyer, C; Atkinson, S; Ahl, D

Total demand for refined products in 1979 is estimated at between 19.2 and 19.7 million barrels daily, compared with 18.7 million barrel per day in 1978. Demand for motor gasoline in 1979 is expected to be between 7.4 and 7.7 million barrels daily, compared with 7.4 million barrels daily in 1978. To meet the 1979 demand projections, domestic crude production of 8.5 to 8.7 million barrels daily is expected to be supplemented, respectively by 7.4 to 6.9 million barrel of imported crude oil daily. Total petroleum imports (including product) to the 50-State area covered by the DOE imports statistics are expected to average 8.7 to 9.3 million barrels daily in 1979. The cost of petroleum imports to the U.S. balance of payments area, including net imports to U.S. territories such as Puerto Rico and Virgin Islands is expected to be $52 to $55 billion in 1979, (in current dollars). These estimates include over $2 billion for Strategic Petroleum Reserve crude oil purchases.

• Research Organization: Department of Energy, Washington, DC (USA). Energy Information Administration
• OSTI ID: 6413147
• Report Number(s): DOE/EIA-0102/40
• Country of Publication: United States
• Language: English

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