Short-term energy outlook: Quarterly projections, January 1989

Technical Report · Mon Feb 06 04:00:00 EST 1989

OSTI ID:6764946

Low oil prices and further economic growth will continue to encourage a growing appetite for jet fuel and motor gasoline in the transportation sector. Some significant switching from gas to oil at utilities is expected to have carried over from late 1988 into early 1989. Hence, total petroleum consumption this year should expand by about another 180,000 barrels per day. Next year, however, a slowdown in the trade sector-led boom in the general economy and the assumption that oil will not maintain its recent level of use at utilities dampens projected growth in domestic oil demand. Nevertheless, since additional petroleum supplies will come not from domestic resources but from foreign production, net oil imports are anticipated to continue a strong increase over the period.

• Research Organization: USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
• OSTI ID: 6764946
• Report Number(s): DOE/EIA-0202(89/1Q); ON: DE89006894
• Country of Publication: United States
• Language: English

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