Energy outlook and the domestic natural gas supply situation
This paper reviews the overall U.S. energy supply and consumption picture, both in the past and in the future, and then focuses on some key aspects of the domestic natural gas situation. Each component of U.S. energy consumption is examined individually. Oil and gas together will still account for approximately 57% of U.S. energy usage in 1990 vs. 75% today, even if nuclear and coal programs meet projections. There is twice as much gas remaining to be found as is currently proven, production is declining, reserve additions are falling short of production, and curtailments are rapidly increasing. This is attributed to price regulation, and evidence is given for the proposition that increases in prices bring increases in production. 25 figs.
- Research Organization:
- Amoco Production Co., Chicago
- OSTI ID:
- 6606268
- Journal Information:
- Interstate Oil Compact Comm. Com. Bull.; (United States), Vol. 18:2
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
ENERGY CONSUMPTION
NATURAL GAS
RESERVES
ALLOCATIONS
CHARGES
COST
ENERGY SUPPLIES
EXPLORATION
FORECASTING
FOSSIL FUELS
NATURAL GAS DEPOSITS
NUCLEAR POWER
PRODUCTION
USA
WELL DRILLING
DRILLING
ENERGY SOURCES
FLUIDS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
NORTH AMERICA
POWER
RESOURCES
030100* - Natural Gas- Reserves- (-1989)
292000 - Energy Planning & Policy- Supply
Demand & Forecasting