Future of U. S. oil and gas
Conference
·
· Mater. Soc.; (United States)
OSTI ID:6730595
An important part of the business and investment planning process at Exxon is a continuing look at energy use and supply in the U.S. One result of this activity is a projection of the U.S. energy future. Oil and gas is an important part of that future. In viewing the future of oil and gas, an assessment of total energy needs must be made. Total U.S. energy demand is projected to grow at a rate of 0.7 percent annually in the years 1980-90. This rises to 1.2 percent per year in the 1990-2000 period, largely because of energy required for synthetic fuels production and a decline in the rate of fuel efficiency improvement. Energy demand in the Transportation sector will decline through 1990, then grow modestly to the end of the century.Demand in the Residential/Commercial sector, which consists chiefly of private and public buildings, is expected to grow at lower than historic rates. In the Industrial sector, made up principally of all mining and manufacturing industries, demand will increase through 2000 with energy required for synthetic fuels production a major factor in the higher growth rate in the 1990's.
- Research Organization:
- Exxon Co., Houston, TX
- OSTI ID:
- 6730595
- Conference Information:
- Journal Name: Mater. Soc.; (United States) Journal Volume: 6:1
- Country of Publication:
- United States
- Language:
- English
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