Short-Term Outlook for Energy Markets Guy Caruso, Administrator Energy Information Administration Independent Connecticut Petroleum Association July 12, 2006
Trends in New England Energy Consumption, 1989-2001 (quadrillion Btu) 2.5 2.0 Petroleum 1.5 1.0 Natural Gas 0.5 Renewable Energy Coal 0.0 1989 1991 1993 1995 1997 1999 2001 State Energy Data System
New Englands Energy Picture in 2001 New England United States 4 quadrillion Btu Total Energy Consumption 96 quadrillion Btu 257 million Btu Consumption per Capita 338 million Btu 35 billion Total Energy Expenditures 694 billion…
Characteristics of Households in New England in 2001 New England United States 5.4 million Number of Households 107 million 54 percent With Natural Gas Access 73 percent 59 percent Using Air-Conditioning 76 percent 29 percent…
Major Events and World Oil Prices 1970-2005 Hurricanes Katrina and Rita Strike U.S. Gulf Coast dollars per barrel Strong Demand Growth 80 Saudis Abandon Swing Producer Operation Desert Venezuela Unrest 60 role Storm Iran-Iraq…
West Texas Intermediate Crude Oil Price (dollars per barrel) 100 90 History Projections 80 70 60 50 40 30 20 10 0 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Short-Term Energy Outlook, July 2006
World Oil Consumption Growth (million barrels per day) 3.0 History Projections 88 86 2.5 84 2.0 Rest of World 82 United States Oil Demand 1.5 80 World Oil Growth Demand 1.0 78 76 0.5 China 74 0.0 72 -0.5 70 1991- 2000…
World Oil Surplus Production Capacity (million barrels per day) 6.0 History Projections 5.0 4.0 3.0 2.0 1.0 0.0 1991- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1997 Average Short-Term Energy Outlook, July…
Days of Supply of OECD Commercial Oil Stocks 60 History Projections 58 Previous 5-yr Min/Max Range 56 54 52 50 48 46 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Short-Term Energy Outlook, July 2006
U.S. Petroleum Products Consumption Growth (thousand barrels per day) 1,000 History Projections 800 600 2.1% 400 200 0.4% -0.4% 0 -200 -400 2005 2006 2007 Total Motor Gasoline Jet Fuel Fuel Oil Other Short-Term…
U.S. Gasoline and Crude Oil Prices (cents per gallon) 330 History Projections 300 270 240 210 180 150 120 90 60 30 0 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 WTI Crude Wholesale Gasoline Retail Regular…
U.S. Natural Gas Consumption Growth 12% 90 10% 80 History Projections 8% 70 6% 60 4% 50 2% 40 0% 30 -2% 20 -4% 10 -6% 0 1993 1995 1997 1999 2001 2003 2005 2007 Percent Change (left axis) Billion Cubic Feet per Day (right…
U.S. Natural Gas Spot Prices (dollars per thousand cubic feet) 16 14 History Projections 12 10 8 6 4 2 0 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Short-Term Energy Outlook, July 2006
U.S. Working Natural Gas in Storage (percent differences from previous 5-year average) 70% 60% History Projections 50% 40% 30% 20% 10% 0% -10% -20% Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Short-Term Energy Outlook,…
Periodic Reports Petroleum Status and Natural Gas Storage Reports, weekly Short-Term Energy Outlook, monthly Annual Energy Outlook 2006, February 2006 International Energy Outlook 2006, June 2006 Examples of Special Analyses Economic…