Monthly energy review, March 1987

Technical Report · Tue Jun 30 04:00:00 EDT 1987

OSTI ID:6516514

Although crude oil prices were noticeably higher in the first quarter of 1987 - the composite refiner acquisition cost of crude oil averaged almost $17 per barrel, up from the 1986 average of $14.55 per barrel - the domestic energy industry continued to feel the effects of the disruptions of 1986. US energy production in the first quarter of 1987 (Q187) was 16.1 quadrillion Btu, 3.6% below the level in the first quarter of 1986. Energy consumption totaled 19.9 quadrillion Btu (down 1.5%) and a 26.2% increase in net imports was required to meet demand. However, the 2.6 quadrillion Btu of energy net imports in Q187 was well below the all-time high for first quarter net imports (4.9 quadrillion Btu) reached in 1977. Petroleum production continued to show the effects of the 1986 decline in oil prices; it fell to 4.9 quadrillion Btu in Q187, a decline of 7.5% from the Q186 level. Although Alaskan production increased slightly, production in the lower 48 States and production of natural gas plant liquids declined. Natural gas production fell 0.8% to 4.4 quadrillion Btu. Production of coal, which faced increased competition from petroleum products, fell 5.7% to 4.7 quadrillion Btu. Nuclear-based electricity generation reached an all-time high in Q187, and oil-fired electricity generation increased for the second consecutive year, after having registered decreases for the previous 7 years. In contrast, coal-fired generation declined, due primarily to increased competition from cheaply priced heavy oil. However, coal-fired generation of electricity continued to account for over half of total generation from all sources.

• Research Organization: USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
• OSTI ID: 6516514
• Report Number(s): DOE/EIA-0035(87/03); ON: DE87011892
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
CARBONACEOUS MATERIALS
COAL
DATA
DATA COMPILATION
ELECTRIC UTILITIES
ENERGY CONSUMPTION
ENERGY INFORMATION ADMINISTRATION
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
IMPORTS
INFORMATION
MATERIALS
NATIONAL ORGANIZATIONS
NATURAL GAS
NUCLEAR POWER
PETROLEUM
POWER
POWER GENERATION
PRICES
PUBLIC UTILITIES
US DOE
US ORGANIZATIONS