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Show April 2002 DOE Energy forecasts rising energy production, consumption Last year, the United States experienced extremely volatile energy markets. Hollowing the September terrorist attacks, dropping oil and natural gas prices along with nationwide energy shortage concerns pro duced an economic slowdown. But despite the 2001 slowdown, the UJ3. Department of liWgy nntiripatM nn lonp-imimpacts across the nation. As measured by gross domestic product, the latest DOE outlook report estimates the U.S economy will grow at an average animal rate of 3.0 percent from 2000 to 2020. Cod production will increase by 1.3 percent annually, ixu&. cates the DOE energy forecast. Production totals will dimb from 1,084 million tons in 2000 to 1,397 million tons in 2020 as domestic demand grows. Total coal consumption will jump from 1,081 to 1,365 mil- lion tons between 2000 and 2020, an average increase of 1.2 percent per year. Expanding production from western mines will meet the WMnnthig demand. The average mine mouth price of coal will drop from $16.45 per ton in 2000 to $12.79 in 2020. Exports will decrease sand cubic feet in 2020. lightly Electricity demand will grow annually. Average prices will dedine from 6B cents per kilowatt hour in 2000 to 6A cents in 2020. Generation from natural gas, cod and renewable ftiels will increase to meet the demand for electricity IB percent Natural gas share of the power generation market will rise from 16 percent in 2000 to 82 percent in 2020. Cods share will decline from 52 percent to 46 percent Nuclear generating capacity will decrease - of the 98 gigawatts of nuclear capacity available in 2000, 10 gigawatts will be retired by 2020. Demand for natural gas will increase 2.0 percent annually rising from 228 to 338 trillion cubic feet between 2000 and 2020, estimates the DOE outlook report The expanding demand will be primarily due to rapid growth in electricity generation. Natural gas production will dimb an average of 2 percent annually between 2000 and 2020, from 19.1 to 28.5 trillion cubic fret The average wellhead price will reach $3.26 per thou Totd energy consumption in the USL is expected to increase more rapidly than domestic production through 2020, continues the DOE forecast Net imports will capture a mounting share of the US. market Totd energy consumption will dimb from 998 to 130.9 quadrillion British thermal units (Btu between 2000 and 2020, representing an average annud increase of 1.4 percent Residentid consumption will expand 1 percent per year to 248 quadrillion Btu by 2020. Renewable production will increase from 68 to 8.9 quadrillion Btu and commerdd demand will dimb at an average annud rate of 1.7 percent, reaching 23.2 quadrillion Btu in 2020. Industrid demand will inat an average rate of 1.1 percent per year; totaling 43.8 crease quadrillion Btu in 2020. Indus-tri- d gross output should rise an anticipated IB percent decrease in energy intensity will partially offset the growth. Transportation energy demand will grow at an average annud rate of 18 percent to 2.6 percent annually but in U.S. leum production should increase in the latter half of the 89.6 quadrillion Btu in 2020. Petroleum demand will increase 18 percent, led by the transportation sector. The sector is expected to account for more than 70 percent of the 2020 demand. Renewable fiiel consumption will expand 1.7 percent peryear through 2020, points out the DOE report. Nearly 55 percent ofthe demand will involve elec- forecast. Steadily mounting demand for petroleum should raise the share of the UJS. marketplace filled by net imports from 53 percent in 2000 to 62 percent in 2020. The average world oil price dropped from $27.72 per band in 2000 to $22.48 in 2001 before beginning a gradud increase in 2002, points out DOE. By 2020, the price should reach $24.68 per barrel World petroleum demand should dimb from 76.0 million barrels per day in 2000 to 118.9 million bands by 2020. Expanded production will lead to relatively slow price growth through 2020. tricity generation. Between 1970 and 1986, energy intensity declined at an average annud rate of 28 per- cent, explains the federal agency The decreases moder- ated to 18 percent per year between 1986 and 2000. Intensity will continue to drop 18 percent annually through 2020. Per capita energy use decreased from 1970 through the rising when prices Per dropped. peraon use will increase slightly during the forecast period, with efficiency gains only partially offsetting OPEC production is expected mid-1980- s, to register at 57 8 million barrels per day in 2020, nearly double the 30.9 million barrels per day produced in 2000, assuming sufficient capital to expand production capadty, predicts the DOE energy outlook. production should expand from 45.7 to 61.1 million barrels per day between 2000 and 2020. fiighwr HamanH. According to the DOE outlook report, UJS. crude oil production will decline at an aver-ag- e annud rate of 0.2 percent from 2000 to 2020 to 5.6 mil- Non-OPE- C lion bands per day. But petro . Now We Carry MetLife Auto & Home Insiinmce Too! Pfanair Industrial Wre proud to represent this leading insurance company to you. 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