Outlook for oil imports

Technical Report · Wed Sep 01 04:00:00 EDT 1982

OSTI ID:6448126

Lehr, M D; Zalkind, J

This report provides a detailed documentation concerning projections of oil imports to the United States. Two features characterize the oil import projections in all scenarios: (1) net oil imports are projected to reverse the decline of late 1981 and early 1982 and to climb to higher levels in 1985 than they held in 1981 or 1973 (though well below the peak in 1977); and (2) although varying trends are projected between 1985 and 1995, net oil imports through 1995 are never projected to recede below 2.6 million barrels per day, versus 5.1 in 1981. Payments for them are never projected to drop below 2.2% of the Gross National Product (GNP), versus 2.3% in 1981. The reversal and climb to higher import levels are projected because oil imports are the only readily usable fuel available in enough quantity to sustain economic growth during the next few years. The 1985 forecasts suggest that net oil imports will grow before price increases later in the decade and other factors can combine to bring about a gradual and permanent decline in oil imports. Varying trends are forecasted between 1985 and 1995 because of alternative assumptions about oil prices, economic growth, and domestic supply.

• Research Organization: USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
• OSTI ID: 6448126
• Report Number(s): DOE/EIA-0361; ON: DE83008073
• Country of Publication: United States
• Language: English

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DATA
DATA COMPILATION
DEMAND
ENERGY CONSUMPTION
ENERGY DEMAND
ENERGY SOURCES
ENERGY SUPPLIES
FORECASTING
FOSSIL FUELS
FUELS
IMPORTS
INDUSTRY
INFORMATION
NORTH AMERICA
NUMERICAL DATA
PETROLEUM
PETROLEUM INDUSTRY
PRICES
THEORETICAL DATA
USA