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U.S. Department of Energy
Office of Scientific and Technical Information

Short-term energy outlook: Quarterly projections, October 1988

Technical Report ·
OSTI ID:7064067
Total demand for petroleum in the United States appears to be on track for recording another year of strong growth, with total oil demand for all of 1988 likely to average above 17 million barrels per day for the first time since 1980. The expected 2.0-percent growth this year can be attributed to a combination of low world oil prices, adverse weather conditions, and a buoyant economy. Next year, if the assumptions of slightly higher oil prices (on average), normal weather, and a decelerating economy hold, noticeably slower growth in petroleum use (and other energy sources) is expected for the United States. This year's strong increase in electricity use may not be closely matched in 1989 if the weather returns to the normal, hence milder, temperatures assumed in this report. However, industrial use of electricity continues to exhibit robust growth, and this sector should lead overall electricity use to record levels again in 1989. 18 figs., 18 tabs.
Research Organization:
USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
OSTI ID:
7064067
Report Number(s):
DOE/EIA-0202(88/4Q); ON: DE89002417
Country of Publication:
United States
Language:
English