Monthly energy review, June 1988: First half 1988 summary

Technical Report · Mon Sep 26 04:00:00 EDT 1988

OSTI ID:7096263

US economic conditions were favorable during the first half of 1988. Real gross national product (GNP), measured in billions of 1982 dollars, was up 4 percent compared with GNP in the first half of 1987, and the index of industrial production rose 6 percent from first half 1987 to first half 1988. Oil prices during the first half tended to favor growth in oil consumption and imports while continuing to restrain domestic production. US refiners' costs averaged only $15.70 per barrel--even lower than the average during the first half of 1987, when oil markets remained unsettled by the disruptions of 1986. Colder than normal weather also tended to drive up consumption in the first half of 1988 compared with the first half of 1987. Population-weighted heating degree-days, an indirect measure of space heating requirements, were 10 percent higher in first half 1988. As a result of those and other factors, US consumption of all forms of energy combined rose to 41 quadrillion Btu in the first half of 1988, 6 percent above consumption during the first half of 1987.

• Research Organization: USDOE Energy Information Administration, Washington, DC. Office of Energy Markets and End Use
• OSTI ID: 7096263
• Report Number(s): DOE/EIA-0035(88/06); ON: DE89000278
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
015000 -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
03 NATURAL GAS
030600 -- Natural Gas-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
294000 -- Energy Planning & Policy-- Fossil Fuels
298000 -- Energy Planning & Policy-- Consumption & Utilization
CARBONACEOUS MATERIALS
COAL
COMMERCIAL SECTOR
COMPILED DATA
CONSUMPTION RATES
DATA
DEMAND
ELECTRIC POWER
ENERGY CONSUMPTION
ENERGY DEMAND
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL CONSUMPTION
FUEL GAS
FUELS
GAS FUELS
GASES
IMPORTS
INFORMATION
INSTITUTIONAL SECTOR
MARKET
MATERIALS
NATURAL GAS
NUCLEAR POWER
NUMERICAL DATA
PETROLEUM
POWER
RESIDENTIAL SECTOR
STATISTICAL DATA