World Oil Outlook: Hearings Before the Committee on Energy and Natural Resources, United States Senate, One Hundredth Congress, First Session, on the World Oil Outlook, January 22 and March 11, 1987, Volume 4 |
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1986 GRI Baseline AKINS ANWR average barrels a day barrels per day Bennett Johnston capacity cartel Chairman cogeneration Committee competition CONGRESS THE LIBRARY cost countries crude oil dependency DREYFUS drilling activity economic electric utility energy supply exports fuel gas consumption gas demand gas prices gasoline going GRI Baseline Projection impact incentive investment Iran Iranians Iraq Iraqi JONES LIBRARY OF CONGRESS LICHTBLAU low oil prices Middle East million barrels MMBD natural gas near-term non-OPEC oil and gas oil demand oil market oil production oil supply OPEC OPEC's percent Persian Gulf petroleum quads question quota reserves Saudi Arabia SCHLESINGER sector Senator MCCLURE Senator MURKOWSKI Senator NICKLES Senator WIRTH Soviet Soviet Union spot prices statement Strategic stripper supply and demand Thank tion U.S. energy U.S. oil U.S. production U.S. SENATOR United wellhead windfall profits tax WORLD OIL OUTLOOK world oil prices
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Page 149 - Division. The full report will present a series of summary tables, sectoral breakdowns, the natural gas supply and price trends from the projection, and a comparison with GRI's previous baseline projection. The appendices include a discussion of the methodology and assumptions used to prepare the 1986 projection and provide additional data and discussion
Page 3 - facing us today. Domestic crude oil production plummeted last year, going from 9.056 million barrels per day in January, 1986, to 8.350 million barrels per day in January, 1987. If you add in natural gas liquids, we lost a million barrels per day of production last year.
Page 126 - Until 1990, the global oil supply situation will remain comfortable. The call on OPEC sources will be low in historical terms and US production will hold up pretty well. After 1990, production in the US and other non-OPEC Free World sources will diminish rapidly. OPEC's share of production will reach a level of 21 million barrels per day in 1990, which is in excess of the
Page 4 - For nowhere else are oil reserves of any significance available and ready to be produced. Even more significantly, there is no other place in the world where the reserves are so big and the cost of production so small. It is highly unlikely that there are any
Page 122 - [The prepared statement of Dr. Dreyfus follows:] Statement of Dr. Daniel A. Dreyfus Vice President Strategic Analysis and Energy Forecasting Gas Research Institute before The Committee on Energy and Natural
Page 3 - The other side of the equation shows increased demand. A simple 2% annual increase in demand would take our needs from 14.5 to 16 million barrels per day in five years. The gap between production and demand would have to be filled by imports. Imports under those assumptions (8.872 mb/d) would be 55% of our supply. And those are very conservative assumptions.
Page 124 - I am Dan Dreyfus, Vice President for Strategic Analysis and Energy Forecasting of the Gas Research Institute (GRI). GRI is a not-for-profit membership organization sponsored by natural gas
Page 48 - thank you. Senator Wirth. Senator Wirth. Thank you very much, Mr. Chairman. Mr. Secretary, we are pleased to have you
Page 139 - indicates that natural gas will continue to play a major role in a highly competitive energy mix well into the next century. As summarized in Exhibit 1,
Page 30 - Mr. Chairman, this concludes my statement. I shall be happy to answer any questions that