Fuel and energy price forecasts. Final report. Volume I. Report

Technical Report · Fri Apr 01 04:00:00 EST 1977

DOI:https://doi.org/10.2172/7304321· OSTI ID:7304321

Schantz, R.; Mikutowicz, W.; Foster, W.

This study of fuel and energy prices over the period 1985 to 2000 projects energy prices in 1975 constant dollars, on a regional basis, for the United States. The major sources of energy analyzed include crude oil and major petroleum products, coal and coal-based synthetic fuels, gas, and uranium. It was stipulated that price projections were to be developed within a given set of aggregate energy and electricity demand projections, as set out in the Edison Electric Institute study, Economic Growth in the Future. The price of each energy type is projected at different levels of commerce (e.g., points of production and points of consumption), requiring a forecast of the cost of production, transportation, and distribution. Delivered energy prices were estimated for four major end-use sectors: residential/commercial, industrial, electric utility, and transportation. Two major findings of the study are: (1) the real prices of all sources of energy will increase over the forecast period; both gas and petroleum prices will continue to increase at a rate greater than that of coal, primarily reflecting the higher cost of incremental supplies; uranium prices are also projected to increase, but could remain below that for coal delivered to the electric utility sector; and (2) the ranges of energy price projections are attended in varying degree of great uncertainty; the bands of uncertainty, set out for each forecast, are considered as important as the price projections. (MCW)

• Research Organization: Foster Associates, Inc., Washington, DC (USA)
• OSTI ID: 7304321
• Report Number(s): EPRI-EA-411(Vol.1)
• 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
051000 -- Nuclear Fuels-- Economic
Industrial
& Business Aspects
11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
290600 -- Energy Planning & Policy-- Nuclear Energy
294001 -- Energy Planning & Policy-- Coal
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ACTINIDES
BY-PRODUCTS
CARBONACEOUS MATERIALS
CHARGES
COAL
CONSUMPTION RATES
DEMAND FACTORS
DISTRIBUTION
ECONOMIC ELASTICITY
ELECTRICITY
ELEMENTS
ENERGY SOURCES
EPRI
FLUIDS
FORECASTING
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
METALS
NATURAL GAS
NORTH AMERICA
NUCLEAR FUELS
PETROLEUM
PETROLEUM PRODUCTS
PRODUCTION
REACTOR MATERIALS
REGIONAL ANALYSIS
SYNTHETIC FUELS
TRANSPORT
URANIUM
USA