Effects of Price and Availability on the Future United States Energy Market
- Eugene F. Eisemann Jr. (Gulf Oil Co.)
- Document ID
- Society of Petroleum Engineers
- Journal of Petroleum Technology
- Publication Date
- October 1961
- Document Type
- Journal Paper
- 971 - 975
- 1961. Original copyright American Institute of Mining, Metallurgical, and Petroleum Engineers, Inc. Copyright has expired.
- 1.10.1 Drill string components and drilling tools (tubulars, jars, subs, stabilisers, reamers, etc), 4.6 Natural Gas, 4.1.5 Processing Equipment, 7.4.3 Market analysis /supply and demand forecasting/pricing
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This paper is concerned with the competition between fuels for industrial use in the United States. Energy consumption in the U.S. is allocated between industrial and other uses. The industrial volume is divided into two classifications-( 1) where there is competition between fuels, and (2) where there is no competition. The pattern of fuel consumption by electric utilities is studied intensively because there is competition between fuels and because it is the fastest growing industrial market. The growth of each utility fuel in several geographic areas is investigated.
The analysis of these areas includes the study of the relationship between prices where fuels are in competition; i.e., (1) on the East Coast where price competition is between oil and coal, and (2) in the South East states where the competition is between coal and gas.
The purpose in developing this energy study was to examine the future demand for petroleum products in the total United States consumption of energy. To predict growth in liquid petroleum fuels, it is first necessary to analyze the competitive position of each fuel in each of the markets it serves. In this approach to the problem, total energy consumption has been segmented into several broad classifications-residential uses, transportation uses, industrial uses, etc.
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