# Presentation: 697703

## Short-Term Outlook for Energy Markets

**Energy Information Administration**

**Independent Connecticut Petroleum Association**
**July 12, 2006**

***Short-Term Outlook for Energy Markets***

##  Trends in New England Energy Consumption, 1989-2001 (quadrillion Btu)

-  **Trends in New England Energy Consumption, 1989-2001 (quadrillion Btu)**

**Natural Gas**

**Petroleum**

**Coal**

**Renewable Energy**

- State Energy Data System

## New England’s Energy Picture in 2001

**Major Energy Sources Consumed by Share**

**Petroleum40%**

**Natural Gas 24%**

**Nuclear 8%**

**Renewables5%**

**Coal             23%**

| 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 |
| $2,473 | Expenditures per Capita | $2,433 |

**New England’s Energy Picture in 2001**

- State Energy Data System

**Petroleum52%**

**Renewables10%**

**Coal  6%**** **

**Natural Gas 22%**

**Nuclear****10%**

**New England**

**United States**

## Characteristics of Households in New England in 2001

**Fuel Oil****50%**

**Electricity 9%**

**Natural Gas 35%**

**Main Space Heating Fuel**

**Natural Gas 56%**

**Fuel Oil 7%**

**Other 3%**

**LPG 5%**

**Electricity 29%**

| 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 | LIHEAP-Eligible | 32 percent |

**Characteristics of Households in New England in 2001**

**Residential Energy Consumption Survey 2001**

**LPG 2%**

**Other 4%**

**New England**

**United States**

## Major Events and World Oil Prices

**1970-2005**

**dollars per barrel**

**Hurricanes Katrina and Rita Strike U.S. Gulf Coast**

## West Texas Intermediate Crude Oil Price(dollars per barrel)

** **

**   **

_** **_

*Short-Term Energy Outlook, July 2006*

- History

- Projections

## World Oil Consumption Growth(million barrels per day)

**Oil Demand **
**Growth**

**World Oil Demand**

- History

- Projections

*Short-Term Energy Outlook, July 2006*

## World Oil Surplus Production Capacity(million barrels per day)

**World Oil Surplus Production Capacity****(million barrels per day)**

- History

- Projections

*Short-Term Energy Outlook, July 2006*

## Days of Supply of OECD Commercial Oil Stocks

**Previous 5-yr Min/Max Range**

- History

- Projections

*Short-Term Energy Outlook, July 2006*

## U.S. Petroleum Products Consumption Growth (thousand barrels per day)

**-0.4%**

**0.4%**

**2.1%**

- History

- Projections

*Short-Term Energy Outlook, July 2006*

## U.S. Gasoline and Crude Oil Prices(cents per gallon)

- Projections

- History

*Short-Term Energy Outlook, July 2006*

## U.S. Distillate Fuel Prices(cents per gallon)

- Projections

- History

*Short-Term Energy Outlook, July 2006*

## U.S. Natural Gas Consumption Growth

**U.S. Natural Gas Consumption Growth**

- History

- Projections

*Short-Term Energy Outlook, July 2006*

## U.S. Natural Gas Spot Prices(dollars per thousand cubic feet)

**U.S. Natural Gas Spot Prices****(dollars per thousand cubic feet)**

- History

- Projections

*Short-Term Energy Outlook, July 2006*

## U.S. Working Natural Gas in Storage(percent differences from previous 5-year average)

**U.S. Working Natural Gas in Storage****(percent differences from previous 5-year average)**

- History

- Projections

*Short-Term Energy Outlook, July 2006*

## U.S. Electricity Consumption Growth

**U.S. Electricity Consumption Growth**

- History

- Projections

*Short-Term Energy Outlook, July 2006*

## www.eia.doe.gov

**guy.caruso@eia.doe.gov**

**   ****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 Effects of High Oil Prices,” *****Annual Energy Outlook 2006***
**    *****Analysis of Oil and Gas Production in the Arctic National Wildlife Refuge*****, **
**           ****March 2004**
**    *****The Global Liquefied Natural Gas Market: Status and Outlook, *****Dec 2003**
**    “****Restricted Natural Gas Supply Case,” *****Annual Energy Outlook 2005***
***    ***
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**www.eia.doe.gov**