U. S. oil demand to climb in 1990--

Journal Article · Mon Jan 29 04:00:00 EST 1990 · Oil and Gas Journal; (USA)

OSTI ID:7016941

Beck, R J

The author discusses how continued economic growth coupled with stable or slowly declining petroleum product prices will boost U.S. oil demand in 1990. Last year product demand grew minimally due to substantial increases in product prices and competition from other fuels in the industrial and utility markets. A record low year for exploration and drilling activity in 1989 extended a U.S. crude oil production slide that began in 1986. The Mar. 24 Exxon Valdez oil spill of Alaska steepened the decline by reducing average North Slop output. this year's production decline - 275,000 b/d - won't be as great.

• OSTI ID: 7016941
• Journal Information: Oil and Gas Journal; (USA), Journal Name: Oil and Gas Journal; (USA) Vol. 88:5; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294002 -- Energy Planning & Policy-- Petroleum
BY-PRODUCTS
COMPARATIVE EVALUATIONS
DRILLING
ECONOMIC GROWTH
ENERGY SOURCES
FORECASTING
FOSSIL FUELS
FUELS
GLOBAL ASPECTS
INDUSTRY
MARKET
NORTH AMERICA
PETROLEUM
PETROLEUM INDUSTRY
PRICES
PRODUCTIVITY
SUPPLY AND DEMAND
USA
WELL DRILLING