Petroleum & Other Liquids

All Reports

Today in Energy - Petroleum

Short, timely articles with graphs about recent petroleum issues and trends

This Week in Petroleum

Data and analysis of recent events affecting the petroleum industry and markets. (archived versions)

 
Heating Oil and Propane Update

Weekly residential, wholesale, and spot prices; and production, demand, and stocks of heating fuels. (Weekly heating oil and propane prices are only collected during the heating season which extends from October through March. )

Weekly Petroleum Status Report

The petroleum supply situation in the context of historical information and selected prices. (archived versions)

 
Gasoline and Diesel Fuel Update

Gasoline and diesel fuel prices released weekly

Monthly Energy Review - Petroleum Section

Released: September 26, 2012

Recent statistics on petroleum supply and demand.

 
Monthly Energy Review

Released: September 26, 2012

The Monthly Energy Review (MER) is the U.S. Energy Information Administration's primary report of recent energy statistics. Included are total energy production, consumption, and trade; energy prices; overviews of petroleum, natural gas, coal, electricity, nuclear energy, renewable energy, and international petroleum; carbon dioxide emissions; and data unit conversions.

 
Prime Supplier Report

Released: September 24, 2012

Measures primary petroleum product deliveries into the States where they are locally marketed and consumed. (archived versions)

Short-Term Energy Outlook

Released: September 11, 2012

Short-term energy supply, demand, and price projections through 2013 for U.S. and International oil forecasts (archived versions)

 
Market Prices and Uncertainty Report

Released: September 11, 2012

This is a regular monthly supplement to the EIA Short-Term Energy Outlook. (archived versions)

 
Short-Term Energy Outlook - Petroleum Section

Released: September 11, 2012

Short-term petroleum supply, demand, and price projections.

Petroleum Marketing Monthly

Released: September 4, 2012

Provides information and statistical data on a variety of crude oils and refined petroleum products, including statistics on crude oil costs and refined petroleum products sales. (archived versions)

 
Petroleum Supply Monthly

Released: August 30, 2012

Supply and disposition of crude oil and petroleum products on a national and regional level. The data series describe production, imports and exports, movements and inventories. (archived versions)

 
Petroleum Supply Annual, Volume 2

Released: August 30, 2012

Final monthly statistics for the supply and disposition of crude oil and petroleum products (archived versions)

Petroleum Supply Annual, Volume 1

Released: August 30, 2012

Final annual data for the supply and disposition of crude oil and petroleum products. (archived versions)

Working and Net Available Shell Storage Capacity

Released: August 30, 2012

Working and Net Available Shell Storage Capacity is the U.S. Energy Information Administration’s (EIA) report containing storage capacity data for crude oil, petroleum products, and selected biofuels. The report includes tables detailing working and net available shell storage capacity by type of facility, product, and Petroleum Administration for Defense District (PAD District). Net available shell storage capacity is broken down further to show the percent for exclusive use by facility operators and the percent leased to others. Crude oil storage capacity data are also provided for Cushing, Oklahoma, an important crude oil market center. Data are released twice each year near the end of May (data for March 31) and near the end of November (data for September 30). (archived versions)

 
Monthly Biodiesel Production Report

Released: August 30, 2012

Presents monthly data on inventory held by biodiesel producers, production capacity, production, and sales quantities. Production capacity is reported at the National and State levels. (archived versions)

 
Company Level Imports

Released: August 30, 2012

Imports data at the company level collected from the EIA-814 Monthly Imports Report.

Availability and Price of Petroleum and Petroleum Products Produced in Countries Other Than Iran, The

Released: August 24, 2012

This report was prepared in fulfillment of Section 1245(d)(4)(A) of the National Defense Authorization Act (NDAA) for Fiscal Year 2012, which requires that, not later than 60 days from enactment and every 60 days thereafter, the U.S. Energy Information Administration (EIA) "submit to Congress a report on the availability and price of petroleum and petroleum products produced in countries other than Iran in the 60-day period preceding the submission of the report." (archived versions)

 
Assumptions to the Annual Energy Outlook

Released: August 2, 2012

This report presents the major assumptions of the National Energy Modeling System (NEMS) used to generate the projections in the Annual Energy Outlook 2012, including general features of the model structure, assumptions concerning energy markets, and the key input data and parameters that are the most significant in formulating the model results.

 
U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves Annual Report

Released: August 1, 2012

U.S. proved crude oil and natural gas reserves achieved record annual volumetric increases in 2010. Crude oil proved reserves increased by 13 percent, the highest volume of proved reserves since 1991. Natural gas proved reserves increased by 12 percent to 300 trillion cubic feet for the first time. (archived versions)

 
Gulf of Mexico Fact Sheet

Released: July 10, 2012

Updated data and maps of energy infrastructure in the Gulf of Mexico, and updated information on past energy disruptions in the U.S. (archived versions)

Annual Energy Outlook

Released: June 25, 2012

The complete version of Annual Energy Outlook 2012 (AEO2012) which, in addition to the Reference case projections, includes 29 alternative cases which show how different assumptions regarding market, policy, and technology drivers affect projections of energy production, consumption, technology, and market trends and the direction they may take in the future.

 
Refinery Capacity Report

Released: June 22, 2012

Data series include fuel, electricity, and steam purchased for consumption at the refinery; refinery receipts of crude oil by method of transportation; and current and projected atmospheric crude oil distillation, downstream charge, and production capacities. Respondents are operators of all operating and idle petroleum refineries (including new refineries under construction) and refineries shut down during the previous year, located in the 50 States, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, and other U.S. possessions. The 2012 Refinery Capacity Report does not contain working and shell storage capacity data. This data is now being collected twice a year as of March 31 and September 30 on the Form EIA-810, "Monthly Refinery Report", and is now released as a separate report Working and Net Available Shell Storage Capacity. (archived versions)

 
Fuel Competition in Power Generation and Elasticities of Substitution

Released: June 21, 2012

This report analyzes the competition between coal, natural gas and petroleum used for electricity generation by estimating what is referred to by economists as the elasticity of substitution among the fuels.

 
U.S. Fuel Ethanol Plant Production Capacity

Released: May 30, 2012

U.S. Fuel Ethanol Plant Production Capacity is the first release of U.S. Energy Information Administration data on fuel ethanol production capacity. Future capacity data will be released annually near the end of September (data for January 1). This new report contains production capacity data for all operating U.S. fuel ethanol production plants as of January 1, 2011.

Oil and Gas Field Code Master List

Released: April 30, 2012

Comprehensive listing of U.S. oil and gas field names. (archived versions)

What's changing in East Coast fuels markets?

Released: April 17, 2012

The U.S. East Coast petroleum product market is undergoing fundamental changes from the standpoint of supply and demand. In addition to the announced idling and potential closure of several major refineries, a number of Northeastern states plan a transition to ultra-low sulfur diesel for heating oil use beginning with New York in the summer of 2012. This article provides an overview of EIA's recent analyses related to East Coast fuels markets.

Who Are the Major Players Supplying the World Oil Market?

Released: March 15, 2012

Energy in Brief article on the world supply of oil through ownership of national oil companies and, for some governments, their membership in OPEC.

Sales of Fossil Fuels Produced from Federal and Indian Lands, FY 2003 through FY 2011

Released: March 14, 2012

This paper was prepared in response to recent requests that the U.S. Energy Information Administration (EIA) provide updated summary information regarding fossil fuel production on Federal and Indian lands in the United States. It provides EIA's current best estimates of fossil fuels sales from production on Federal and Indian lands for fiscal year (FY) 2003 through FY 2011.

 
Fuel Oil and Kerosene Sales

Released: February 29, 2012

The Fuel Oil and Kerosene Sales report provides information, illustrations and State-level statistical data on end-use sales of kerosene; No.1, No. 2, and No. 4 distillate fuel oil; and residual fuel oil. State-level kerosene sales include volumes for residential, commercial, industrial, farm, and all other uses. State-level distillate sales include volumes for residential, commercial, industrial, oil company, railroad, vessel bunkering, military, electric utility, farm, on-highway, off-highway construction, and other uses. State-level residual fuel sales include volumes for commercial, industrial, oil company, vessel bunkering, military, electric utility, and other uses. (archived versions)

Potential Impacts of Reductions in Refinery Activity on Northeast Petroleum Product Markets

Released: February 27, 2012

Potential Impacts of Reductions in Refinery Activity on Northeast Petroleum Product Markets is an update to a previous EIA report, Reductions in Northeast Refining Activity: Potential Implications for Petroleum Product Markets, released in December 2011. This update analyzes possible market responses and impacts in the event Sunocos Philadelphia refinery closes this summer, in addition to the recently idled refineries on the East Coast and in the U.S. Virgin Islands.

 
What were the key energy commodity price trends in 2011?

Released: February 14, 2012

Energy commodity price trends varied widely during 2011. Crude oil and petroleum products prices increased during 2011, while natural gas, coal, and electricity prices declined. This article provides an overview of key energy commodity price trends in 2011 based on prices seen in futures markets.

World Oil Transit Chokepoints

Released: December 30, 2011

Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits.

Reductions in Northeast Refining Activity: Potential Implications for Petroleum Product Markets

Released: December 23, 2011

This report is EIA's initial effort to provide information and analysis on the potential impacts on petroleum product markets from reductions in Northeast petroleum refining activity.

 
Energy & Financial Markets: What Drives Crude Oil Prices?

Released: December 14, 2011

An assessment of the various factors that may influence oil prices - physical market factors as well as those related to trading and financial markets. The analysis describes 7 key factors that could influence oil markets and explores possible linkages between each factor and oil prices, and includes regularly-updated graphs that depict aspects of those relationships.

What Are the Major Sources and Users of Energy in the United States?

Released: October 25, 2011

Energy in Brief article on energy sources in the U.S.

Annual Energy Review - Petroleum Section

Released: October 19, 2011

Annual statistics on petroleum supply, demand, and price.

 
Annual Energy Review

Released: October 19, 2011

A report of historical annual energy statistics. For many series, data begin with the year 1949. Included are data on total energy production, consumption, and trade; overviews of petroleum, natural gas, coal, electricity, nuclear energy, renewable energy, as well as financial and environmental indicators; and data unit conversion tables.

 
International Energy Outlook - Petroleum Section

Released: September 19, 2011

International petroleum projections through 2035

International Energy Outlook

Released: September 19, 2011

This report presents international energy projections through 2035, prepared by the Energy Information Administration, including outlooks for major energy fuels and associated carbon dioxide emissions. (archived versions)

 
OPEC Revenues Fact Sheet

Released: August 15, 2011

This report includes estimates of OPEC net oil export revenues, based on projections from the latest EIA Short Term Energy Outlook.

Review of Emerging Resources: U.S. Shale Gas and Shale Oil Plays

Released: July 8, 2011

To gain a better understanding of the potential U.S. domestic shale gas and shale oil resources, EIA commissioned INTEK, Inc. to develop an assessment of onshore Lower 48 States technically recoverable shale gas and shale oil resources. This paper briefly describes the scope, methodology, and key results of the report and discusses the key assumptions that underlie the results.

 
How dependent are we on foreign oil?

Released: June 24, 2011

Energy in Brief article on petroleum dependency.

Market Assessment of Refinery Outages Planned for March 2011 through June 2011

Released: May 2, 2011

This report reviews the supply implications of planned refinery outages for March 2011 through June 2011, which covers the seasonal increase in driving consumption.

 
Annual Energy Outlook - Petroleum Section

Released: April 26, 2011

Petroleum projections to 2035.

Supplemental Tables to the Annual Energy Outlook

Released: April 26, 2011

The AEO Supplemental tables were generated for the reference case of the Annual Energy Outlook (AEO) using the National Energy Modeling System, a computer-based model which produces annual projections of energy markets. Most of the tables were not published in the AEO, but contain regional and other more detailed projections underlying the AEO projections.

Short-Term Energy Outlook, Summer Motor Gasoline Outlook, 2011

Released: April 12, 2011

Projection of motor gasoline prices, supply, and demand for the upcoming summer driving season.

Rising Gasoline Prices and the Role of Available Domestic Oil and Natural Gas Resources

Released: March 17, 2011

Presented by: Richard G. Newell, Administrator, U.S. Energy Information Administration, to: Committee on Natural Resources, United States House of Representatives; Washington, DCMarch 17, 2011

 
Performance Profiles of Major Energy Producers

Released: February 25, 2011

The information and analyses in Performance Profiles of Major Energy Producers is intended to provide a critical review, and promote an understanding, of the possible motivations and apparent consequences of investment decisions made by some of the largest corporations in the energy industry.

 
Effects of Middle East Events on U.S. Energy Markets

Released: February 10, 2011

Presented by Richard G. Newell, Administrator, U.S. Energy Information Administration; to Senate Energy and Natural Resources Committee, United States Senate; Washington, D.C.February 3, 2011

 
Energy and Oil Market Outlook

Released: February 3, 2011

Presented by: Richard G. Newell, Administrator, U.S. Energy Information Administration, to: Senate Energy and Natural Resources Committee United States Senate; Washington, D.C.

 
Short-Term Oil Market Outlook, The

Released: February 2, 2011

Presented by: Richard Newell, Administrator, to: Saudi Arabia - United States Energy Consultations; Washington, DC

 
Long-term Outlook for Oil and Other Liquid Fuels, The

Released: February 2, 2011

Presented by: Richard Newell, Administrator to: Saudi Arabia - United States Energy Consultations

 
Drivers Behind Growing U.S. Product Exports & Shrinking Light-Heavy Price Differences

Released: January 28, 2011

This presentation for the Argus Americas Crude Summit 2011 explores recent increases in product exports from the United States and the shift in light-heave price differences that began in mid 2008.

 
Financial News for Major Energy Companies

Released: January 5, 2011

The "Financial News for Major Energy Companies" is issued quarterly to report recent trends in the financial performance of the major energy companies. (archived versions)

 
Cost and Quality of Fuels for Electric Plants

Released: December 1, 2010

Provides comprehensive information concerning the quality, quantity, and cost of fossil fuels used to produce electricity in the United States. (archived versions)

Market Assessment of Refinery Outages Planned for October 2010 through January 2011

Released: November 29, 2010

As required under Section 804 of the Energy Independence and Security Act of 2007 (Pub. L. 110-140), this report reviews the supply implications of refinery outages planned for October 2010 through January 2011, which covers the seasonal increase in middle distillate supply (diesel fuel, heating oil, jet fuel and kerosene) over the winter.

 
Increasing Distillate Production at U.S. Refineries

Released: November 18, 2010

Paper explores the potential for U.S. refiners to create more distillate and less gasoline without major additional investments beyond those already planned.

 
EIA Short-Term and Winter Fuels Outlook

Released: October 18, 2010

Presented by: Richard Newell, Administrator, to: New York Energy Forum; New York, NY

 
Winter Fuels Outlook Conference 2010

Released: October 13, 2010

This presentation at the 2010 Winter Fuels Outlook Conference in Washington, DC, outlined EIA's current forecast for U.S. crude oil, distillate, natural gas, propane and gasoline supply, demand, and markets over the coming winter season.

EIA Short-Term and Winter Fuels Outlook

Released: October 13, 2010

Presented by: Richard Newell, Administrator, to: NASEO 2010 Winter Fuels Outlook Conference; Washington, DC

 
Atlantic Basin Refining Dynamics from U.S. Perspective

Released: October 7, 2010

Talk focusing on refining dynamics in the Atlantic Basin that looks at potential changes affecting refiners over the next 5 years.

 
Oil and Gas Lease Equipment and Operating Costs 1994 Through 2009

Released: September 28, 2010

Regional and national oil and gas equipping and operating cost trends.

Financial News for Independent Energy Companies

Released: September 21, 2010

The report reviews recent trends in the financial performance of independent energy companies, which are typically smaller than the majors and do not have integrated production/refining operations. (archived versions)

 
Historical/Selected Significant U.S. Energy Disruptions

Released: August 31, 2010

Special reports of selected significant energy disruption events:

Petroleum Marketing Annual

Released: August 6, 2010

Final monthly price and volume statistics on crude oil and petroleum products at a national, regional and state level. Annual totals and averages have been calculated from these monthly data. (archived versions)

 
Aspects of Hess' Acquisition of American Oil & Gas

Released: August 2, 2010

On July 27, 2010, Hess Corporation announced that it had agreed to acquire American Oil & Gas, Inc. in a stock-only transaction worth as much as $488 million (based on Hess' closing price of $53.30/share, anticipated number of newly issued shares, and $30 million credit facility extended to American Oil & Gas prior to closing).

Energy Market and Economic Impacts of the American Power Act of 2010

Released: July 16, 2010

This report responds to a request from Senators Kerry, Graham, and Lieberman for an analysis of the American Power Act of 2010 (APA). APA, as released by Senators Kerry and Lieberman on May 12, 2010, regulates emissions of greenhouse gases through market-based mechanisms, efficiency programs, and other economic incentives.

 
2010 Outlook for Hurricane-Related Production Outages in the Gulf of Mexico - Short-Term Energy Outlook Supplement:

Released: June 1, 2010

Projected impacts to Gulf of Mexico crude oil and natural gas production for the 2010 Atlantic Hurricane Season.

 
Factors Affecting the Relationship between Crude Oil and Natural Gas Prices (released in AEO2010)

Released: May 11, 2010

Over the 1995-2005 period, crude oil prices and U.S. natural gas prices tended to move together, which supported the conclusion that the markets for the two commodities were connected. Figure 26 illustrates the fairly stable ratio over that period between the price of low-sulfur light crude oil at Cushing, Oklahoma, and the price of natural gas at the Henry Hub on an energy-equivalent basis.

World Oil Prices and Production Trends in AEO2010 (released in AEO2010)

Released: May 11, 2010

In AEO2010, the price of light, low-sulfur (or sweet) crude oil delivered at Cushing, Oklahoma, is tracked to represent movements in world oil prices. EIA makes projections of future supply and demand for total liquids, which includes conventional petroleum liquidssuch as conventional crude oil, natural gas plant liquids, and refinery gainin addition to unconventional liquids, which include biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

CAFE Standards (released in AEO2010)

Released: May 11, 2010

Pursuant to the Presidents announcement of a National Fuel Efficiency Policy, the National Highway Traffic Safety Administration (NHTSA) and the EPA have promulgated nationally coordinated standards for tailpipe CO2-equivalent emissions and fuel economy for light-duty vehicles (LDVs) [16], which includes both passenger cars and light-duty trucks. In the joint rulemaking, EPA is enacting CO2-equivalent emissions standards under the Clean Air Act (CAA), and NHTSA is enacting companion CAFE standards under the Energy Policy and Conservation Act, as amended by EISA2007.

Market Assessment of Refinery Outages Planned for March 2010 through June 2010

Released: April 16, 2010

This report reviews the supply implications of refinery outages planned for March through June 2010, which covers the seasonal increase in gasoline demand. Refinery outages are the result of both planned maintenance and unplanned unit shutdowns. Maintenance is usually scheduled during the times when demand is lowest, i.e., in the first quarter and again in the fall. Unplanned outages can occur at any time and for any reasons such as mechanical failure, fire, or flood.

 
Aspects of Apache's Acquisition of Mariner Energy and Selected Devon Energy Assets

Released: April 15, 2010

The Energy Information Administration reviews mergers, acquisitions, and alliances by companies that are respondents to Form EIA-28 (Financial Reporting System (FRS)), or that result in a company that meets the FRS reporting criteria.

Comparison of Selected EIA-782 Data With Other Data Sources

Released: April 1, 2010

This article compares annual average prices reported from the EIA-782 survey series for residential No. 2 distillate, on-highway diesel fuel, retail regular motor gasoline, refiner No. 2 fuel oil for resale, refiner No. 2 diesel fuel for resale, refiner regular motor gasoline for resale, and refiner kerosene-type jet fuel for resale with annual average prices reported by other sources. In terms of volume, it compares EIA-782C Prime Supplier annual volumes for motor gasoline (all grades), distillate fuel oil, kerosene-type jet fuel and residual fuel oil with annual volumes from other sources. (archived versions)

 
Acquisitions and Divestitures by Foreign Direct Investors in U.S. Energy

Released: April 1, 2010

This report reviews acquisitions of U.S. energy assets by foreign investors in 2007. (archived versions)

 
Probabilities of Possible Future Prices (Released in the STEO April 2010)

Released: April 1, 2010

EIA introduced a monthly analysis of energy price volatility and forecast uncertainty in the October 2009 Short-Term Energy Outlook (STEO). Included in the analysis were charts portraying confidence intervals around the New York Mercantile Exchange (NYMEX) futures prices of West Texas Intermediate (equivalent to light sweet crude oil) and Henry Hub natural gas contracts.

 
Outlook for Non-OPEC Oil Supply in 2010-2011 (Released in the STEO January 2010)

Released: January 2, 2010

Two large categories define the world's producing countries of crude oil and other liquid fuels (hereafter liquids): those that are members of the Organization of the Petroleum Exporting Countries (OPEC) and those that are outside that group (non-OPEC). This article takes a closer look at the latter category.

 
Aspects of Exxon Mobil Corporation's Acquisition of XTO Energy Inc

Released: December 16, 2009

A summary presentation to inform discussion of the recently announced acquisition of XTO Energy Inc. by Exxon Mobil Corporation, a transaction which is reportedly $41 billion in value. "Aspects of Exxon Mobil Corporation's Acquisition of XTO Energy Inc" presents non-proprietary company-level oil and gas production and reserve data and the relevant U.S. aggregate data published by EIA.

 
Downstream Petroleum Mergers and Acquisitions by U.S. Major Oil Companies

Released: December 2, 2009

A summary presentation of mergers and acquisitions by U.S. major oil companies (including the U.S. affiliates of foreign major oil companies). The presentation focuses on petroleum refining over the last several years through late 2009.

Genealogy Of Major U.S. Refiners

Released: December 2, 2009

A summary presentation iof mergers and acquisitions by U.S. major oil companies (including the U.S. affiliates of foreign major oil companies). The presentation focuses on petroleum refining over the last several years through late 2009.

 
Market Assessment of Refinery Outages Planned for October 2009 through January 2010

Released: November 24, 2009

As required under Section 804 of the Energy Independence and Security Act of 2007 (Pub. L. 110-140), this report reviews the supply implications of refinery outages planned for October 2009 through January 2010, which covers the seasonal increase in heating oil demand.

 
Arctic Oil and Natural Gas Potential

Released: October 19, 2009

This paper examines the discovered and undiscovered Arctic oil and natural gas resource base with respect to their location and concentration. The paper also discusses the cost and impediments to developing Arctic oil and natural gas resources, including those issues associated with environmental habitats and political boundaries.

 
Trends, Cycles, and Kinks

Released: October 19, 2009

This presentation given at the OPIS 11th National Supply Summit looks at the impacts of the recent resession and changing market trends on refinery investment and trade patterns in the Atlantic Basin.

Energy Price Volatility and Forecast Uncertainty (Released in the STEO October 2009)

Released: October 6, 2009

EIA Measures Price Uncertainty in Oil and Natural Gas Markets

 
2009 Outlook for Hurricane Production Outages in the Gulf of Mexico, The (Released in the STEO June 2009)

Released: June 1, 2009

Projected impacts to Gulf of Mexico crude oil and natural gas production for the 2009 Atlantic Hurricane Season.

 
Aspects of Holly Corporation's Acquisition of Sunoco Inc.'s Tulsa, Oklahoma Refinery

Released: April 22, 2009

The Energy Information Administration has produced a review of aspects of the Holly's acquisition of Sunoco's 85,000-barrels-per-day Tulsa refinery

 
Market Assessment of Planned Refinery Outages, March 2009

Released: April 8, 2009

Reviews planned U.S. refinery outages from March 2009 though June 2009 in order to identify any regions where outages might create enough supply pressure to impact prices significantly.

 
Impact of Limitations on Access to Oil and Natural Gas Resources in the Federal Outer Continental Shelf (released in AEO2009)

Released: March 31, 2009

The U.S. offshore is estimated to contain substantial resources of both crude oil and natural gas, but until recently some of the areas of the lower 48 OCS have been under leasing moratoria. The Presidential ban on offshore drilling in portions of the lower 48 OCS was lifted in July 2008, and the Congressional ban was allowed to expire in September 2008, removing regulatory obstacles to development of the Atlantic and Pacific OCS.

Expectations for Oil Shale Production (released in AEO2009)

Released: March 31, 2009

Oil shales are fine-grained sedimentary rocks that contain relatively large amounts of kerogen, which can be converted into liquid and gaseous hydrocarbons (petroleum liquids, natural gas liquids, and methane) by heating the rock, usually in the absence of oxygen, to 650 to 700 degrees Fahrenheit (in situ retorting) or 900 to 950 degrees Fahrenheit (surface retorting) [60]. (Oil shale is, strictly speaking, a misnomer in that the rock is not necessarily a shale and contains no crude oil.) The richest U.S. oil shale deposits are located in Northwest Colorado, Northeast Utah, and Southwest Wyoming. Currently, those deposits are the focus of petroleum industry research and potential future production. Among the three States, the richest oil shale deposits are on Federal lands in Northwest Colorado.

California's Move Toward E10 (released in AEO2009)

Released: March 31, 2009

In AEO2009, E10a gasoline blend containing 10 percent ethanolis assumed to be the maximum ethanol blend allowed in California RFG, as opposed to the 5.7-percent blend assumed in earlier AEOs. The 5.7-percent blend had reflected decisions made when California decided to phase out use of the additive methyl tertiary butyl ether in its RFG program in 2003, opting instead to use ethanol in the minimum amount that would meet the requirement for 2.0 percent oxygen content under the CAA provisions in effect at that time

World Oil Prices and Production Trends in AEO2009 (released in AEO2009)

Released: March 31, 2009

The oil prices reported in AEO2009 represent the price of light, low-sulfur crude oil in 2007 dollars [50]. Projections of future supply and demand are made for liquids, a term used to refer to those liquids that after processing and refining can be used interchangeably with petroleum products. In AEO2009, liquids include conventional petroleum liquidssuch as conventional crude oil and natural gas plant liquidsin addition to unconventional liquids, such as biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

Natural Gas and Crude Oil Prices in AEO (released in AEO2009)

Released: March 31, 2009

If oil and natural gas were perfect substitutes in all markets where they are used, market forces would be expected to drive their delivered prices to near equality on an energy-equivalent basis. The price of West Texas Intermediate (WTI) crude oil generally is denominated in terms of barrels, where 1 barrel has an energy content of approximately 5.8 million Btu. The price of natural gas (at the Henry Hub), in contrast, generally is denominated in million Btu. Thus, if the market prices of the two fuels were equal on the basis of their energy contents, the ratio of the crude oil price (the spot price for WTI, or low-sulfur light, crude oil) to the natural gas price (the Henry Hub spot price) would be approximately 6.0. From 1990 through 2007, however, the ratio of natural gas prices to crude oil prices averaged 8.6; and in the AEO2009 projections from 2008 through 2030, it averages 7.7 in the low oil price case, 14.6 in the reference case, and 20.2 in the high oil price case.

Refinery Investments and Future Market Incentives

Released: March 25, 2009

Presentation given at the Annual NPRA Meeting that discusses factors affecting refinery investments. Refiners have plunged from a seeming "golden age" investment environment to a world with excess capacity, flat to declining demand, and weak margins. What is happening to refining investments in this turbulent and uncertain situation?

Regulations Related to the Outer Continental Shelf Moratoria and Implications of Not Renewing the Moratoria (released in AEO2009)

Released: March 13, 2009

From 1982 through 2008, Congress annually enacted appropriations riders prohibiting the Minerals Management Service (MMS) of the U.S. Department of the Interior from conducting activities related to leasing, exploration, and production of oil and natural gas on much of the Federal OCS. Further, a separate executive ban (originally put in place in 1990 by President George H.W. Bush and later extended by President William J. Clinton through 2012) also prohibited leasing on the OCS, with the exception of the Western Gulf of Mexico, portions of the Central and Eastern Gulf of Mexico, and Alaska. In combination, those actions prohibited drilling along the Atlantic and Pacific coasts, in the eastern Gulf of Mexico, and in portions of the central Gulf of Mexico. The Gulf of Mexico Energy Security Act of 2006 (Public Law 109-432) imposed yet a third ban on drilling through 2022 on tracts in the Eastern Gulf of Mexico that are within 125 miles of Florida, east of a dividing line known as the Military Mission Line, and in the Central Gulf of Mexico within 100 miles of Florida.

Accuracy of Petroleum Supply Data

Released: February 27, 2009

Accuracy of published data in the Weekly Petroleum Status Report, the Petroleum Supply Monthly, and the Petroleum Supply Annual. (archived versions)

 
Light-Duty Diesel Vehicles: Market Issues and Potential Energy and Emissions Impacts

Released: February 1, 2009

This report responds to a request from Senator Jeff Sessions for an analysis of the environmental and energy efficiency attributes of light-duty diesel vehicles. Specifically, the inquiry asked for a comparison of the characteristics of diesel-fueled vehicles with those of similar gasoline-fueled, E85-fueled, and hybrid vehicles, as well as a discussion of any technical, economic, regulatory, or other obstacles to increasing the use of diesel-fueled vehicles in the United States.

 
Market Assessment of Upcoming Planned Refinery Outages

Released: December 23, 2008

This report reviews planned U.S. refinery outages from December 2008 though March 2009 in order to identify any regions where outages might create enough supply pressure to impact prices significantly.

 
Refinery Investments and Future Market Incentives

Released: October 7, 2008

Presentation given at the Platts 2nd Annual Refining Marktets Conference that explored three major factors affecting incentives for refiners to invest in bottoms upgrading or expansion capacity and demand, light-heavy price differentials, and margins.

Hurricane Impacts on the U.S. Oil and Natural Gas Markets

Released: September 26, 2008

Report on hurricane impacts on the U.S. oil and natural gas markets

Impacts of Uncertainty in Energy Project Costs (released in AEO2008)

Released: September 24, 2008

From the late 1970s through 2002, steel, cement, and concrete prices followed a general downward trend. Since then, however, iron and steel prices have increased by 8 percent in 2003, 10 percent in 2004, and 31 percent in 2005. Although iron and steel prices declined in 2006, early data for 2007 show another increase. Cement and concrete prices, as well as the composite cost index for all construction commodities, have shown similar trends but with smaller increases in 2004 and 2005.

Impact of Increased Use of Hydrogen on Petroleum Consumption and Carbon Dioxide Emissions, The

Released: September 12, 2008

This report responds to a request from Senator Byron L. Dorgan for an analysis of the impacts on U.S. energy import dependence and emission reductions resulting from the commercialization of advanced hydrogen and fuel cell technologies in the transportation and distributed generation markets.

 
Next Stop for Oil Prices: $100 or $150?

Released: June 30, 2008

This presentation provides an analysis of the various factors behind a six year, six-folding in oil prices and the market conditions likely to either accelerate that rise or result in a significant downturn.

World Oil Prices and Production Trends in AEO2008 (released in AEO2008)

Released: June 26, 2008

AEO2008 defines the world oil price as the price of light, low-sulfur crude oil delivered in Cushing, Oklahoma. Since 2003, both above ground and below ground factors have contributed to a sustained rise in nominal world oil prices, from $31 per barrel in 2003 to $69 per barrel in 2007. The AEO2008 reference case outlook for world oil prices is higher than in the AEO2007 reference case. The main reasons for the adoption of a higher reference case price outlook include continued significant expansion of world demand for liquids, particularly in non- OECD countries, which include China and India; the rising costs of conventional non-OPEC supply and unconventional liquids production; limited growth in non-OPEC supplies despite higher oil prices; and the inability or unwillingness of OPEC member countries to increase conventional crude oil production to levels that would be required for maintaining price stability. EIA will continue to monitor world oil price trends and may need to make further adjustments in future AEOs.

2008 Outlook for Hurricane Production Outages in the Gulf of Mexico - Short-Term Energy Outlook Supplement

Released: June 10, 2008

EIA estimates of expected production shut-ins of crude oil and natural gas in the U.S. Gulf Coast during the upcoming hurricane season (June through November).

 
Analysis of Crude Oil Production in the Arctic National Wildlife Refuge

Released: May 22, 2008

This report responds to a request from Senator Ted Stevens that the Energy Information Administration provide an assessment of Federal oil and natural gas leasing in the coastal plain of the Arctic National Wildlife Refuge (ANWR) in Alaska.

 
Motor Gasoline Consumption 2008 - Historical Perspective and Short-Term Projections

Released: April 8, 2008

This report reviews how gasoline markets relate to population, income, prices, and the growing role of ethanol. It also analyzes the structural shift in motor gasoline markets that took place in the late 1990s

 
Motor Gasoline Market Spring 2007 and Implications for Spring 2008

Released: April 8, 2008

This report focuses on the major factors that drove the widening difference between wholesale gasoline and crude oil prices in 2007 and explores how those factors might impact gasoline prices in 2008.

 
Insights into Spring 2008 Gasoline Prices

Released: April 4, 2008

Gasoline prices rose rapidly in spring 2007 due a variety of factors, including refinery outages and lower than expected imports. This report explores those factors and looks at the implications for 2008.

Petroleum Gasoline & Distillate Needs Including the Energy Independence and Security Act (EISA) Impacts

Released: March 11, 2008

This presentation describes the projections for petroleum-based gasoline and distillate in the Update AEO 2008, which includes the impacts of the Energy Independence and Security Act.

Outlook for Non-OPEC Oil Supply Growth in 2008-2009 (Released in the STEO February 2008)

Released: February 1, 2008

In 2008-2009, EIA expects that non-OPEC petroleum supply growth will surpass that in recent years because of the large number of new oil projects scheduled to come online during the forecast period.

 
Oil and Natural Gas Market Supply and Renewable Portfolio Standard Impacts of Selected Provisions of H.R. 3221

Released: December 4, 2007

This paper responds to an October 31, 2007, request from Representatives Barton, McCrery, and Young.

 
Short-Term Energy Outlook Supplement: Why Are Oil Prices So High?

Released: November 6, 2007

Why Are Oil Prices So High?

 
2007 Outlook for Hurricane Impacts on Gulf of Mexico Crude Oil & Natural Gas Production, The

Released: June 13, 2007

Projected impacts to Gulf of Mexico crude oil and natural gas production for the 2007 Atlantic Hurricane Season.

 
Are Refiners Entering a Golden Age or a Short Cycle?

Released: April 19, 2007

A presentation exploring the factors driving higher prices, margins, and light-heavy price differentials in today's market, and what these observations may imply about future profitability in the refining industry.

 
Refinery Outages: Description and Potential Impact on Petroleum Product Prices

Released: March 27, 2007

This report responds to a July 13, 2006 request from Chairman Jeff Bingaman of the Senate Committee on Energy and Natural Resources requested that EIA conduct a study of the impact that refinery shutdowns have had on the price of oil and gasoline.

 
Trends and Transitions in the Diesel Market

Released: March 19, 2007

A presentation at the 2007 NPRA Annual Meeting focusing on trends in the diesel market. The presentation reviews the status of the ULSD program and highlights recent changes and trends in the distillate market that point towards continued strength in diesel prices relative to gasoline for some time.

Fuel Economy Standards for New Light Trucks (released in AEO2007)

Released: February 22, 2007

In March 2006, NHTSA finalized CAFE standards requiring higher fuel economy performance for light-duty trucks in MY 2008 through 2011. Unlike the proposed CAFE standards discussed in AEO2006 [13], which would have established minimum fuel economy requirements by six footprint size classes, the final reformed CAFE standards specify a continuous mathematical function that determines minimum fuel economy requirements by vehicle footprint, defined as the wheelbase (the distance from the front axle to the center of the rear axle) times the average track width (the distance between the center lines of the tires) of the vehicle in square feet.

World Oil Prices in AEO2007 (released in AEO2007)

Released: February 22, 2007

Over the long term, the AEO2007 projection for world oil pricesdefined as the average price of imported low-sulfur, light crude oil to U.S. refinersis similar to the AEO2006 projection. In the near term, however, AEO2007 projects prices that are $8 to $10 higher than those in AEO2006.

Federal and State Ethanol and Biodiesel Requirements (released in AEO2007)

Released: February 22, 2007

EPACT2005 requires that the use of renewable motor fuels be increased from the 2004 level of just over 4 billion gallons to a minimum of 7.5 billion gallons in 2012, after which the requirement grows at a rate equal to the growth of the gasoline pool. The law does not require that every gallon of gasoline or diesel fuel be blended with renewable fuels. Refiners are free to use renewable fuels, such as ethanol and biodiesel, in geographic regions and fuel formulations that make the most sense, as long as they meet the overall standard. Conventional gasoline and diesel can be blended with renewables without any change to the petroleum components, although fuels used in areas with air quality problems are likely to require adjustment to the base gasoline or diesel fuel if they are to be blended with renewables.

Impacts of Rising Construction and Equipment Costs on Energy Industries (released in AEO2007)

Released: February 22, 2007

Costs related to the construction industry have been volatile in recent years. Some of the volatility may be related to higher energy prices. Prices for iron and steel, cement, and concretecommodities used heavily in the construction of new energy projects rose sharply from 2004 to 2006, and shortages have been reported. How such price fluctuations may affect the cost or pace of new development in the energy industries is not known with any certainty, and short-term changes in commodity prices are not accounted for in the 25-year projections in AEO2007. Most projects in the energy industries require long planning and construction lead times, which can lessen the impacts of short-term trends.

Impacts of Increased Access to Oil & Natural Gas Resources in the Lower 48 Federal Outer Continental Shelf (released in AEO2007)

Released: February 22, 2007

This analysis was updated for AEO2009: Impact of Limitations on Access to Oil and Natural Gas Resources in the Federal Outer Continental Shelf The OCS is estimated to contain substantial resources of crude oil and natural gas; however, some areas of the OCS are subject to drilling restrictions. With energy prices rising over the past several years, there has been increased interest in the development of more domestic oil and natural gas supply, including OCS resources. In the past, Federal efforts to encourage exploration and development activities in the deep waters of the OCS have been limited primarily to regulations that would reduce royalty payments by lease holders. More recently, the States of Alaska and Virginia have asked the Federal Government to consider leasing in areas off their coastlines that are off limits as a result of actions by the President or Congress. In response, the Minerals Management Service (MMS) of the U.S. Department of the Interior has included in its proposed 5-year leasing plan for 2007-2012 sales of one lease in the Mid-Atlantic area off the coastline of Virginia and two leases in the North Aleutian Basin area of Alaska. Development in both areas still would require lifting of the current ban on drilling.

Genealogy of Major U.S. Oil and Gas Producers

Released: January 18, 2007

Summarizes the mergers and acquisitions of the U.S. major oil companies that have occurred, in some cases, over approximately the last 20 years.

 
Technology-Based Oil and Natural Gas Plays: Shale Shock! Could There Be Billions in the Bakken?

Released: November 8, 2006

This report presents information about the Bakken Formation of the Williston Basin: its location, production, geology, resources, proved reserves, and the technology being used for development. This is the first in a series intending to share information about technology-based oil and natural gas plays.

 
Relationship Between Crude Oil and Natural Gas Prices, The

Released: October 2, 2006

This paper examines the time series econometric relationship between the Henry Hub natural gas price and the West Texas Intermediate (WTI) crude oil price.

 
Another Bull Market Consolidation or Have Oil Prices Headed South for the Winter?

Released: September 12, 2006

This presentation was given at the New York Energy Forum on September 5, 2006. It explores the reasons behind rising oil prices over the last few years and discusses whether the drop in oil prices seen in late August and early September 2005 is the start of a long-running trend or is only a temporary decline.

Aspects of Western Refining, Inc.'s Proposed Acquisition of Giant Industries, Inc.

Released: September 12, 2006

Presentation of company-level, non-proprietary data and relevant aggregate data for U.S. refinery capacity and gasoline marketing of Western Refining and Giant Industries to inform discussions of Western Refining Inc.'s proposed acquisition of Giant Industries Inc. for a total of $1.5 billion, which was announced August 28, 2006.

Alaska Prudhoe Bay Crude Oil Shut-in Report

Released: August 10, 2006

Background and facts on Alaska's crude oil reserves, production, and transportation with EIA's analysis of potential shut-in impacts on U.S. oil markets.

EIA Outlook for U.S. Heating Fuels

Released: August 7, 2006

This presentation at the 2006 State Heating Oil and Propane Program Conference in North Falmouth, Massachusetts, outlined EIA's current forecast for U.S. crude oil, distillate, propane and gasoline supply, demand, and markets over the coming winter season.

Ethanol, Gasoline, and Ultra Low Sulfur Diesel Supply Issues in 2006

Released: August 7, 2006

Presentation at the 2006 State Heating Oil and Propane Program Conference in North Falmouth, Massachusetts, discussing the impact of changing product specifications on U.S. gasoline and diesel fuel supply.

Short-Term Energy Outlook Supplement: Why Are Oil Prices So High?

Released: August 6, 2006

Feature article on the reasons for high oil prices.

 
Summer 2006 Motor Gasoline Prices (Released in the STEO July 2006)

Released: July 1, 2006

This supplement to the July 2006 ShortTerm Energy Outlook (STEO) examines the various factors that have contributed to this summers high gasoline prices and discusses how they may continue to impact markets over the next several months.

 
United States Producing and Nonproducing Crude Oil and Natural Gas Reserves From 1985 Through 2004

Released: July 1, 2006

This report discusses the regional and temporal trends in producing and nonproducing crude oil and natural gas reserves using EIA's categorization of reserves. The report first focuses on EIA's collection and reporting of crude oil and natural gas reserves data, followed by a discussion of the natural gas reserve trends, and then the crude oil reserve trends.

 
Overview of the Federal Offshore Royalty Relief Program

Released: June 23, 2006

This special report briefly explains the set of laws that govern royalty payments for Federal offshore oil and natural gas production.

 
Anadarko's Proposed Acquisition of Kerr-McGee and Western Gas Resources

Released: June 23, 2006

Presentation of company-level, non-proprietary data and relevant aggregate data for worldwide oil and natural gas reserves and production of Anadarko, Kerr-McGee, and Western Gas Resources to inform discussions of Anadarko Petroleum Corp.'s proposed acquisition of both Kerr-McGee Corp. and Western Gas Resources Inc. for a total of $23.3 billion, which was announced June 23, 2006.

 
Impact of Tropical Cyclones on Gulf of Mexico Crude Oil and Natural Gas Production, The

Released: June 7, 2006

This is a special analysis report on hurricanes and their effects on oil and natural gas production in the Gulf of Mexico region.

 
Changing World Product Markets and Potential Refining Capacity Increases

Released: March 20, 2006

The presentation explores potential refinery capacity increases over the next 5 years in various world regions, based on changing demand patterns, changing price incentives, and capacity expansion announcements.

Eliminating MTBE in Gasoline in 2006

Released: February 22, 2006

A review of the market implications resulting from the rapid change from MTBE- to ethanol-blended RFG on the East Coast and in Texas. Strains in ethanol supply and distribution will increase the potential for price volatility in these regions this summer.

 
Energy Technologies on the Horizon (released in AEO2006)

Released: February 1, 2006

A key issue in mid-term forecasting is the representation of changing and developing technologies. How existing technologies will evolve, and what new technologies might emerge, cannot be known with certainty. The issue is of particular importance in AEO2006, the first AEO with projections out to 2030.

World Oil Prices in AEO2006 (released in AEO2006)

Released: February 1, 2006

World oil prices in the AEO2006 reference case are substantially higher than those in the AEO2005 reference case. In the AEO2006 reference case, world crude oil prices, in terms of the average price of imported low-sulfur, light crude oil to U.S. refiners, decline from current levels to about $47 per barrel (2004 dollars) in 2014, then rise to $54 per barrel in 2025 and $57 per barrel in 2030. The price in 2025 is approximately $21 per barrel higher than the corresponding price projection in the AEO2005 reference case.

Economic Effects of High Oil Prices (released in AEO2006)

Released: February 1, 2006

The AEO2006 projections of future energy market conditions reflect the effects of oil prices on the macroeconomic variables that affect oil demand, in particular, and energy demand in general. The variables include real GDP growth, inflation, employment, exports and imports, and interest rates.

Nonconventional Liquid Fuels (released in AEO2006)

Released: February 1, 2006

Higher prices for crude oil and refined petroleum products are opening the door for nonconventional liquids to displace petroleum in the traditional fuel supply mix. Growing world demand for diesel fuel is helping to jump-start the trend toward increasing production of nonconventional liquids, and technological advances are making the nonconventional alternatives more viable commercially. Those trends are reflected in the AEO2006 projections.

Changing Trends in the Refining Industry (released in AEO2006)

Released: February 1, 2006

There have been some major changes in the U.S. refining industry recently, prompted in part by a significant decline in the quality of imported crude oil and by increasing restrictions on the quality of finished products. As a result, high-quality crudes, such as the WTI crude that serves as a benchmark for oil futures on the New York Mercantile Exchange (NYMEX), have been trading at record premiums to the OPEC Basket price.

Update on Transition to Ultra-Low-Sulfur Diesel Fuel (released in AEO2006)

Released: February 1, 2006

On November 8, 2005, the EPA Administrator signed a direct final rule that will shift the retail compliance date for offering ULSD for highway use from September 1, 2006, to October 15, 2006. The change will allow more time for retail outlets and terminals to comply with the new 15 parts per million (ppm) sulfur standard, providing time for entities in the diesel fuel distribution system to flush higher sulfur fuel out of the system during the transition. Terminals will have until September 1, 2006, to complete their transitions to ULSD. The previous deadline was July 15, 2006.

Oil Markets After the Hurricanes: Reversion to the Mean or Return to Recent Trend?

Released: December 14, 2005

This presentation focuses on the impacts Hurricanes Katrina, Rita, and Wilma will have on oil markets (supply, demand, stocks, and imports) in the fourth quarter of 2005 and into 2006. The presentation looks examines whether oil markets are likely to return to much lower prices (the long term average) or continue the trend of high oil prices seen over the last couple of years.

Comparisons of Independent Petroleum Supply Statistics

Released: October 24, 2005

Compares final petroleum data published in the PSA with similar petroleum data obtained from other sources. Data comparisons are presented for 1994 through 2003. (archived versions)

 
Can U.S. Supply Accommodate Shifts to Diesel-Fueled Light-Duty Vehicles?

Released: October 12, 2005

The presentation explores if diesel-fueled light-duty vehicle growth in the U.S. might be large enough to create refinery constraints that would hinder that growth.

Distillate in Depth - The Supply, Demand, and Price Picture

Released: October 12, 2005

The presentation provides background on distillate supply and demand, and then focuses on how hurricanes Katrina and Rita impact on refining capacity might affect winter fuels.

Regional Comparisons, Spatial Aggregation, and Asymmetry of Price Pass-Through

Released: August 3, 2005

Spot to retail price pass-through behavior of the U.S. gasoline market was investigated at the national and regional levels, using weekly wholesale and retail motor gasoline prices from January 2000 to the present.

 
Overview of U.S. Legislation and Regulations Affecting Offshore Natural Gas and Oil Activity

Released: August 1, 2005

This article presents a summary of the legislative and regulatory regime that affects natural gas and oil exploration and production in offshore regions of the United States. It discusses the role and importance of these areas as well as the competing interests surrounding ownership, production, exploration and conservation.

 
Energy Policy Forum to Discuss

Released: July 13, 2005

EIA representatives participated in two Energy Policy Forums sponsored by Congressman Jim Gerlach in Pennsylvania on July 6 and 7, 2005. EIA's presentation covered trends, underlying factors, and EIA's outlook for retail gasoline prices.

Road Ahead for Light Duty Vehicle Fuel Demand, The

Released: July 11, 2005

Explores some potential variations in light-duty vehicle demand to illustrate both the magnitude of demand changes and the length of time that it can take to affect demand when different levels of new-vehicle efficiencies and penetrations are assumed

Impacts of Modeled Provisions of H.R. 6 EH: The Energy Policy Act of 2005

Released: July 1, 2005

This report responds to a May 2, 2005, request by Chairman Pete Domenici and Ranking Member Jeff Bingaman of the Senate Committee on Energy and Natural Resources for an assessment of the energy supply, consumption, import, price, and macroeconomic impacts of H.R. 6 EH, the Energy Policy Act of 2005, as passed by the U.S. House of Representatives on April 21, 2005.

 
When Will World Oil Production Peak?

Released: June 13, 2005

When will world oil production peak? EIA's analysis of this critical matter is discussed here.

 
California Gasoline Price Study

Released: May 10, 2005

EIA testifies in local Congressional hearing on what has been driving up gasoline prices in 2004 and 2005, focusing particularly on California where the hearing was held.

2004: Sign of the Future for Refiners?

Released: March 14, 2005

A presentation to the NPRA Annual Meeting discussing the major factors that drove petroleum prices, price differentials, and margins in 2004, and what this might mean for refiners as we look towards the future.

Petroleum and Natural Gas Outlook

Released: February 18, 2005

A presentation to the National Association of State Energy Officials 2005 Energy Outlook Conference, in Washington, DC, on February 17, 2005, giving EIA's outlook for petroleum and natural gas supply, demand, and prices.

Petroleum Supply and Market Outlook

Released: February 9, 2005

A presentation to the 7th Annual International Airport Operations/Jet Fuel Conference, in Orlando, Florida, on February 3, 2005, giving EIA¿s outlook for petroleum supply and prices, with particular attention to jet fuel.

World Oil Price Cases (released in AEO2005)

Released: February 1, 2005

World oil prices in AEO2005 are set in an environment where the members of OPEC are assumed to act as the dominant producers, with lower production costs than other supply regions or countries. Non-OPEC oil producers are assumed to behave competitively, producing as much oil as they can profitability extract at the market price for oil. As a result, the OPEC member countries will be able effectively to set the price of oil when they can act in concert by varying their aggregate production. Alternatively, OPEC members could target a fixed level of production and let the world market determine the price.

Meeting U.S. Transportation Fuel Demand

Released: October 20, 2004

This presentation outlines some of the issues and challenges ahead for gasoline supply in the United States, with a particular look at international refining and factors affecting gasoline imports.

World Petroleum Market Changes and Impact on U.S.

Released: October 12, 2004

This presentation was given at the Oil Price Information Service National Supply Summit by Joanne Shore and John Hackworth. It covers the world oil market changes and the impact on domestic outlook for petroleum supply.

Long-Term World Oil Supply Scenarios

Released: August 18, 2004

When will worldwide crude oil production peak? EIA's analysis of this critical matter is discussed here.

Northeast Energy Outlook Panel

Released: August 10, 2004

Presented by: Doug Macintyre, Senior Oil Market Analyst Presented to: Council of State Governments Eastern Regional Conference Springfield, MA August 10, 2004

U.S. Refining Capacity

Released: July 15, 2004

Presented by: Guy F. Caruso, EIA Administrator Presented to: Subcommittee on Energy and Air Quality Committee on Energy and Commerce U.S. House of Representatives Washington, DC July 15, 2004

U.S. Oil Markets

Released: July 7, 2004

Presented by: Guy F. Caruso, EIA Administrator Presented to: Government Reform Committee on Energy Policy, Natural Resources and Regulatory Affairs U.S. House of Representatives Washington, DC July 7, 2004

Outlook for U.S. Oil Markets

Released: June 15, 2004

Presented by: Guy F. Caruso, EIA Administrator Presented to: Committee on Energy and Natural Resources United States Senate Washington, DC June 15 , 2004

 
Biodiesel Performance, Costs, and Use

Released: June 1, 2004

Biodiesel fuel for diesel engines is produced from vegetable oil or animal fat by the chemical process of esterification. This paper presents a brief history of diesel engine technology and an overview of biodiesel, including performance characteristics, economics, and potential demand. The performance and economics of biodiesel are compared with those of petroleum diesel.

 
Analysis of Senate Amendment 2028, the Climate Stewardship Act of 2003

Released: May 1, 2004

On May 11, 2004, Senator Landrieu asked EIA to evaluate SA.2028. This paper responds to that request, relying on the modeling methodology, data sources, and assumptions used to analyze the original bill, as extensively documented in EIA's June 2003 report.

 
Update of Summer Reformulated Gasoline Supply Assessment for New York and Connecticut

Released: May 1, 2004

In October 2003, EIA published a review of the status of the methyl tertiary butyl ether (MTBE) ban transition in New York (NY) and Connecticut (CT) that noted significant uncertainties in gasoline supply for those States for the summer of 2004. To obtain updated information, EIA spoke to major suppliers to the two States over the past several months as the petroleum industry began the switch from winter- to summer-grade gasoline.

 
Oil Market Outlook

Released: April 27, 2004

Presented by: Guy F. Caruso, EIA Administrator Presented to: CSIS - US Saudi Arabian Business Council US - Saudi Relations and Global Energy Security April 27, 2004

U.S. Petroleum Supply and Market Outlook

Released: April 15, 2004

Presented by: Guy F. Caruso, EIA Administrator Presented to: North American Energy Summit April 15, 2004

Outlook for U.S. Energy Markets

Released: March 4, 2004

Presented by: Guy F. Caruso, EIA Administrator Presented to: Committee on Energy and Natural Resources, United States Senate Washington, DC March 4, 2004

Analysis of Oil and Gas Production in the Arctic National Wildlife Refuge

Released: March 1, 2004

This study analyzed the impact on future oil imports and expenditures of opening the Arctic National Wildlife Refuge (ANWR) to petroleum development. High, low, and mean ANWR oil resource case projections were compared to the Annual Energy Outlook 2004 reference case. The study also examined whether potential synergies exist in opening ANWR to petroleum development and the construction of an Alaska gas pipeline from the North Slope to the lower 48 States.

 
Challenging Times for Making Refinery Capacity Decisions

Released: March 1, 2004

This presentation was given at the National Petrochemical and Refiners Association's annual meeting in March 2004. The presentation covers a wide range of refining issues from near term to long term, and focuses on refining capacity and factors affecting decisions to alter that capacity.

Crude & Natural Gas Outlook: More Tightness Ahead

Released: March 1, 2004

Presentation by Guy Caruso Administrator Energy Information Administration NPRA Annual Meeting San Antonio, Texas March 2004

Outlook for U.S. Energy Markets

Released: February 12, 2004

Presented by: Guy F. Caruso, EIA Administrator Presented to: Subcommittee on Energy and Mineral Resources Committee on Resources U.S. House of Representatives February 12, 2004

 
Summary Impacts of Modeled Provisions of the 2003 Conference Energy Bill

Released: February 1, 2004

This service report was undertaken at the February 2, 2004, request of Senator John Sununu to perform an assessment of the Conference Energy Bill of 2003. This report summarizes the CEB provisions that can be analyzed using the National Energy Modeling System (NEMS) and have the potential to affect energy consumption, supply, and prices. The impacts are estimated by comparing the projections with the CEB provisions to the AEO2004 Reference Case.

 
Analysis of Five Selected Tax Provisions of the Conference Energy Bill of 2003

Released: February 1, 2004

This special report was undertaken at the January 29, 2004, request of Senator John Sununu to perform an assessment of five specific tax provisions of the Conference Energy Bill of 2003.

 
Inquiry into August 2003 Gasoline Price Spike

Released: December 1, 2003

U.S. Secretary of Energy Spencer Abraham requested that EIA conduct an inquiry into the causes of the price increases of gasoline in In July and August of 2003.

 
Preparations for Meeting New York and Connecticut MTBE Bans

Released: October 1, 2003

In response to a Congressional request, EIA examined the progress being made to meet the bans on the use of methyl tertiary butyl ether (MTBE) being implemented in New York and Connecticut at the end of 2003.

 
Why Events Overseas Matter to Gasoline Retailers and Consumers

Released: October 1, 2003

Attempts to explain how changes in the global supply and demand of crude oil can affect retail gasoline prices in various parts of the country. It does this by exploring 3 recent gasoline price spikes: Spring 2001, March 2003, and August 2003. The presentation compares and contrasts these price spikes in order to give the audience an understanding of the various reasons behind gasoline price increases.

NASEO 2003 Annual Meeting

Released: September 15, 2003

Presented by: Guy F. Caruso, EIA Administrator Presented to: National Association of State Energy Officials Austin, Texas September 15 , 2003

Impacts of the Venezuelan Crude Oil Production Loss

Released: September 1, 2003

This assessment of the Venezuelan petroleum loss examines two areas. The first part of the analysis focuses on the impact of the loss of Venezuelan crude production on crude oil supply for U.S. refiners who normally run a significant fraction of Venezuelan crude oil. The second part of the analysis looks at the impact of the Venezuelan production loss on crude markets in general, with particular emphasis on crude oil imports, refinery crude oil throughput levels, stock levels, and the changes in price differences between light and heavy crude oils.

California Gasoline Prices in Early 2003

Released: July 1, 2003

Statement of Guy Caruso Administrator, Energy Information Administration Department of Energy Before the Subcommittee on Energy Policy, Natural Resources and Regulatory Affairs Committee on Government Reform U.S. House of Representatives July 2, 2003

Analysis of S.139, the Climate Stewardship Act of 2003

Released: June 1, 2003

On January 9, 2003, Senators John McCain and Joseph I. Lieberman introduced Senate Bill 139 (S.139), the Climate Stewardship Act of 2003, in the U.S. Senate. S.139 would require the Administrator of the U.S. Environmental Protection Agency (EPA) to promulgate regulations to limit greenhouse gas emissions. On January 28, 2003, Senator James M. Inhofe requested that the Energy Information Administration (EIA) perform a comprehensive analysis of S.139. On April 2, 2003, Senators McCain and Lieberman, cosponsors of S.139, made a further request for analyses of their bill. This Service Report responds to both requests.

 
Outlook for Natural Gas and Petroleum

Released: May 19, 2003

Presented by: Guy F. Caruso, EIA Administrator Presented to: IOGCC Conference Williamsburg, Virginia May 19, 2003

World Oil Market Outlook

Released: May 4, 2003

Presented by: Guy F. Caruso, EIA Administrator Presented to: The Committee On Energy And Commerce U. S. House Of Representatives Washington, DC May 4 2003

Impact of Environmental Compliance Costs on U.S. Refining Profitability 1995-2001

Released: May 1, 2003

This report assesses the effects of pollution abatement requirements on the financial performance of U.S. petroleum refining and marketing operations during the 1995 to 2001 period. This study is a follow-up to the October 1997 publication entitled The Impact of Environmental Compliance Costs on U.S. Refining Profitability, that focused on the financial impacts of U.S. refining pollution abatement investment requirements in the 1988 to1995 period.

 
California Gasoline Price Study, 2003 Preliminary Findings

Released: May 1, 2003

This is the preliminary report to Congressman Ose describing the factors driving California's spring 2003 gasoline price spike and the subsequent price increases in June and August.

 
California Gasoline Price Study, 2003

Released: May 1, 2003

This is the final report to Congressman Ose describing the factors driving California's spring 2003 gasoline price spike and the subsequent price increases in June and August.

 
Crude Oil, Heating Oil, and Propane Market Outlook 2003

Released: April 1, 2003

This PowerPoint presentation provides an early look at the crude oil, heating oil, and propane market outlooks for the winter of 2003/04. It was given at the 2003 State Heating Oil and Propane Program Conference held in Asheville, NC on August 11, 2003.

Status and Impacts of State MTBE Bans

Released: March 1, 2003

This paper describes legislation passed in 16 States banning or restricting the use of MTBE in gasoline. Analysis of the status and impact of these State MTBE bans is provided concerning the supply and potential price changes of gasoline.

 
Effects of Feed Quality and Product Specification Changes on Refined Product Supply

Released: March 1, 2003

The presentation explores the implications that future feedstock changes and product specification changes may have on refined product supply.

Forecasting Crude Oil Spot Price Using OECD Petroleum Inventory Levels

Released: March 1, 2003

This paper presents a short-term monthly forecasting model of West Texas Intermediate crude oil spot price using OECD petroleum inventory levels.

 
Outlook for Transportation Fuel Supplies, 2003 and Beyond

Released: February 18, 2003

Presented by: Mary J. Hutzler, Acting EIA Administrator Washington, DC February 18, 2003

Gasoline Price Pass-through

Released: January 1, 2003

Over the past several years, the Energy Information Administration (EIA) has extensively studied the relationships between wholesale and retail markets for transportation fuels. This article represents a return to gasoline markets, where EIA first performed this type of analysis and modeling in 1997. The current effort takes advantage of improvements and enhancements to our approach over the intervening years, resulting in more detailed and accurate results.

Derivatives and Risk Management in the Petroleum, Natural Gas, and Electricity Industries

Released: October 1, 2002

In February 2002 the Secretary of Energy directed the Energy Information Administration (EIA) to prepare a report on the nature and use of derivative contracts in the petroleum, natural gas, and electricity industries. Derivatives are contracts ('financial instruments') that are used to manage risk, especially price risk.

 
Supply Impact of Losing MTBE and Using Ethanol

Released: October 1, 2002

Presented by: Joanne Shore Presented to: OPIS National Supply Summit San Antonio, Texas October 2002

Gasoline Type Proliferation and Price Volatility

Released: September 1, 2002

This paper focuses on the potential effect/role of implementation of a national menu of fuels to address the proliferation of boutique fuels.

 
Timing of Startups of the Low-Sulfur and RFS Programs

Released: September 1, 2002

This paper focuses on whether supply problems could be reduced during the startup stage phases of these programs through timing changes.

 
Supply Impacts of an MTBE Ban

Released: September 1, 2002

This paper analyzes the supply impacts of removing MTBE from gasoline.

 
Refining Challenges: Changing Crude Oil Quality & Product Specifications

Released: September 1, 2002

Presented by: Joanne Shore World Fuels Conference Washington, DC September 2002

Potential Supply Impacts of Removal of 1-Pound RVP Waiver

Released: September 1, 2002

This paper provides background on the 1-pound waiver and how It can affect gasoline volumes.

 
Reformulated Gasoline Use Under the 8-Hour Ozone Rule

Released: September 1, 2002

This paper focuses on the impact on gasoline price and supply when additional ozone non-attainment areas come under the new 8-hour ozone standard.

 
Renewable Motor Fuel Production Capacity Under H.R.4

Released: September 1, 2002

This paper analyzes renewable motor fuel production capacity with the assumption that ethanol will be used to meet the renewable fuels standard.

 
Review of Transportation Issues & Comparison of Infrastructure Costs for a Renewable Fuels Standard

Released: September 1, 2002

This paper analyzes the inter-regional transportation issues and associated costs for increased distribution of renewable fuels with the assumption that ethanol will be used to meet the standards.

 
Analysis of Selected Transportation Fuel Issues Associated with Proposed Energy Legislation -Summary

Released: September 1, 2002

Summary of a series of 8 papers discussing the market impacts the Senate-passed fuels provisions of H.R.4, the Energy Policy Act of 2002.

 
Crude Oil, Heating Oil, and Propane Market Outlook

Released: August 21, 2002

This PowerPoint presentation provides an early look at the crude oil, heating oil, and propane market outlooks for the winter of 2002/03. It was given at the 2002 State Heating Oil and Propane Program Conference held in Kennebunkport, ME on August 12, 2002.

Crude Oil, Heating Oil, and Propane Market Outlook 2002

Released: August 1, 2002

This PowerPoint presentation provides an early look at the crude oil, heating oil, and propane market outlooks for the winter of 2002/03. It was given at the 2002 State Heating Oil and Propane Program Conference held in Kennebunkport, ME on August 12, 2002.

Hearing on the Current Situation In U.S. Motor Gasoline Markets

Released: April 23, 2002

Presented by: Mary J. Hutzler, Acting EIA Administrator Washington, DC April 23, 2002

 
Petroleum Outlook: Increased Inter-PADD Movements

Released: April 1, 2002

Presented by: Joanne Shore Presented to: API Annual Pipeline Conference Dallas, Texas April, 2002

Petroleum Outlook 2002: On the Road to Pamplona

Released: March 18, 2002

Presented by: John Cook Presented to: NPRA Annual Meeting San Antonio, Texas March 18, 2002

Impact of Renewable Fuels Standard/MTBE Provisions of S. 1766

Released: March 12, 2002

This service report addresses the Renewable Fuels Standard (RFS)/methyl tertiary butyl ether (MTBE) provisions of S. 1766. The 'S. 1766' Case reflects provisions of S. 1766 including a renewable fuels standard (RFS) reaching five billion gallons by 2012, a complete phase-out of MTBE within four years, and the option for States to waive the oxygen requirement for reformulated gasoline (RFG).

 
Effects of Alaska Oil and Natural Gas Provisions of H. R. 4 and S. 1766 on U.S. Energy Markets

Released: March 1, 2002

On December 20, 2001, Sen. Frank Murkowski, the Ranking Minority Member of the Senate Committee on Energy and Natural Resources requested an analysis of selected portions of Senate Bill 1766 (S. 1766, the Energy Policy Act of 2002) and House Bill H.R. 4 (the Securing America's Future Energy Act of 2001)1. In response, the Energy Information Administration (EIA) has prepared a series of analyses showing the impacts of each of the selected provisions of the bills on energy supply, demand, and prices, macroeconomic variables where relevant, import dependence, and emissions. The analysis provided is based on the Annual Energy Outlook 2002 (AEO2002) midterm forecasts of energy supply, demand, and prices through 2020.

 
Analysis of Corporate Average Fuel Economy (CAFE) Standards for Light Trucks and Increased Alternative Fuel Use

Released: March 1, 2002

Sen. Frank Murkowski, the Ranking Minority Member of the Senate Committee on Energy and Natural Resources requested an analysis of selected portions of Senate Bill 1766 (S. 1766, the Energy Policy Act of 2002), House Resolution 4 (the Securing America's Future Energy Act of 2001) and Senate Bill 517 (S. 517, the Energy Policy Act of 2002).1,2,3 In response, the Energy Information Administration (EIA) has prepared a series of analyses showing the impacts of each of the selected provisions of the bills on energy supply, demand, and prices, macroeconomic variables where feasible, import dependence, and emissions.

 
Availability of Gasoline Imports in the Short to Mid Term: U.S. Perspective

Released: March 1, 2002

Analyzes changes in gasoline markets, both here in the United States and abroad, that might affect the availability of gasoline imports between now and 2007. This includes changes in gasoline specifications both here and in other countries that supply imported gasoline, as well as growing demand in these countries.

Methodology for the Assessment of the Macroeconomic Impacts of Stricter CAFE Standards - Addendum

Released: March 1, 2002

This assessment of the economic impacts of CAFÉ standards marks the first time EIA has used the new direct linkage of the DRI-WEFA Macroeconomic Model to NEMS in a policy setting. This methodology assures an internally consistent solution between the energy market concepts forecast by NEMS and the aggregate economy as forecast by the DRI-WEFA Macroeconomic Model of the U.S. Economy.

 
Effects of Alaska Oil and Natural Gas Provisions of H. R. 4 and S. 1766on U.S. Energy Markets, Addendum

Released: March 1, 2002

This addendum provides projections on the increase in U.S. oil production from opening the Arctic National Wildlife Refuge, the decease in net petroleum imports, and the change in net petroleum expenditures across a range of cases.

 
Jet Fuel Supply/Price Outlook: Fueling the Recovery

Released: February 11, 2002

Presented to: Tithe 4th International Jet Fuel Conference February 11, 2002

Restructuring: The Changing Face of Motor Gasoline Marketing

Released: November 1, 2001

This report reviews the U.S. motor gasoline marketing industry during the period 1990 to 1999, focusing on changes that occurred during the period. The report incorporates financial and operating data from the Energy Information Administration's Financial Reporting System (FRS), motor gasoline outlet counts collected by the National Petroleum News from the States, and U.S. Census Bureau salary and employment data published in County Business Patterns

Oil Market Assessment

Released: September 12, 2001

Based on Energy Information Administration (EIA) contacts and trade press reports, overall U.S. and global oil supplies appear to have been minimally impacted by yesterday's terrorist attacks on the World Trade Center and the Pentagon.

Why Are Gasoline Prices Falling So Rapidly?

Released: September 1, 2001

Brief analysis of falling gasoline prices in the fall of 2001.

Factors Impacting Gasoline Prices and Areas for Further Study

Released: August 10, 2001

Presented by: Dr. John S. Cook, Director, Petroleum Division, Office of Oil and Gas Presented to: A public conference sponsored by the Federal Trade Commission August 2, 2001

Crude Oil, Heating Oil, and Propane Market Outlook 2001

Released: August 1, 2001

This PowerPoint presentation provides an early look at the crude oil, heating oil, and propane market outlooks for the winter of 2001/02. It was given by Doug MacIntyre at the 2001 State Heating Oil and Propane Program Conference held in Wilmington, DE on August 13, 2001.

Analysis of Strategies for Reducing Multiple Emissions from Electric Power Plants: Sulfur Dioxide, Nitrogen Oxides, Carbon Dioxide, and Mercury and a Renewable Portfolio Standard-Chapter 4-Fuel Market and Macroeconomic Impacts

Released: July 1, 2001

This chapter discusses the projected impacts of new emission caps on nitrogen oxides (Nox), Sulfur dioxide (SO2), carbon dioxide (CO2), and mercury (Hg) and the adoption of a renewable portfolio standard (RPS) on the U.S. markets for those fuels, including industry employment levels

 
Analysis of Strategies for Reducing Multiple Emissions from Electric Power Plants: SO2, Nox, CO2

Released: July 1, 2001

This report responds to a request received from Senator David McIntosh on June 29, 2000 to analyze the impacts on energy consumers and producers of coordinated strategies to reduce emissions of sulfur dioxide, nitrogen oxides, and carbon dioxide at U.S. power plants.

 
U.S. Gasoline Supply and Prices in the Summer of 2001

Released: June 14, 2001

Presented by: Dr. John S. Cook, Director, Petroleum Division, Office of Oil and Gas Presented to: Committee on Government Reform, Subcommittee on Energy Policy, Natural Resources and Regulatory Affairs United States House of Representatives June 14, 2001

EIA's Testimony on Current Gasoline Situation

Released: June 14, 2001

Statement of John Cook Before the Committee on Government Reform Subcommittee on Energy Policy, Natural Resources and Regulatory Affairs U.S. House of Representatives June 14, 2001

Electricity Shortage in California: Issues for Petroleum and Natural Gas Supply

Released: June 1, 2001

This report addresses the potential impact of rotating electrical outages on petroleum product and natural gas supply in California.

What Factors Are Affecting Gasoline And Natural Gas Markets?

Released: May 15, 2001

Testimony before the Committee on Energy and Commerce Subcommittee on Energy and Air Quality.

Gasoline Prices: What is Happening?

Released: May 10, 2001

Presentation by Douglas MacIntyre and Joanne Shore, Petroleum Division in EIA's Office of Oil and Gas.

Transition to Ultra-Low-Sulfur Diesel Fuel: Effects on Prices and Supply, The

Released: May 1, 2001

This report discusses the implications of the new regulations for vehicle fuel efficiency and examines the technology, production, distribution, and cost implications of supplying diesel fuel to meet the new standards.

 
Future Oil Production for the Alaska North Slope

Released: May 1, 2001

An analysis of plausible scenarios for the North Slope area of Alaska.

 
Why Is West Coast Gasoline So Expensive?

Released: April 25, 2001

Testimony on current gasoline prices as well as the unique situations on the West Coast with regard to prices.

EIA's Testimony on Current Gasoline Situation

Released: April 25, 2001

On April 25, Dr. John Cook, Petroleum Division Director in the Office of Oil and Gas, testified on West Coast gasoline prices before the Senate Subcommittee on Consumer Affairs , Foreign Commerce, and Tourism. This Subcommittee is under the jurisdiction of the Senate Committee on Commerce, Science and Transportation. Dr. Cook provided the Subcommittee with information on the current gasoline price situation as well as identified unique characteristics of the West Coast gasoline market that help make its gasoline prices generally higher than other regions of the United States.

EIA's Testimony on Crude Oil and Petroleum Products Markets

Released: March 30, 2001

Summary Statement of John Cook Director Petroleum Division Energy Information Administration Department of Energy before the Subcommittee on Energy and Air Quality Committee on Energy and Commerce U.S. House of Representatives March 30, 2001

Hearing on Current U.S. Energy Trends

Released: March 21, 2001

Presented by: Mary J. Hutzler, Director, Office of Integrated Analysis and Forecasting Presented to: Senate Energy And Natural Resources Committee United States Senate March 21, 2001

Petroleum Outlook: More Volatility?

Released: March 19, 2001

Presented by: Dr. John S. Cook, Director, Petroleum Division, Office of Oil and Gas Presented to: NPRA Annual Meeting March 19, 2001

Oil Market Basics

Released: March 1, 2001

An overview of oil markets and how they function.

NASEO Energy Outlook Conference

Released: February 1, 2001

Presented by: Dr. John S. Cook, Director, Petroleum Division, Office of Oil and Gas February 26, 2001

Presentation for National Governors' Association

Released: January 26, 2001

Presented by: Dr. John S. Cook, Director, Petroleum Division, Office of Oil and Gas Presented to: National Governors' Association January 26, 2001

Summary Short-Term Petroleum and Natural Gas Outlook

Released: January 12, 2001

Presented by: Mark J. Mazur, Acting EIA Administrator January 12, 2001

Propane - A Mid-Heating Season Assessment

Released: January 1, 2001

This report will analyze some of the factors leading up to the rapid increase in propane demand and subsequent deterioration in supply that propelled propane prices to record high levels during December and early January.

Presentation to the National Conference of State Legislators - December 2000 Short-Term Energy Outlook

Released: December 18, 2000

Presentation to the National Conference of State Legislators by Mark Masur, Acting Administrator

Regional Energy Profile Forum on Energy Preparedness

Released: December 1, 2000

Presented by: Alice Lippert and Douglas MacIntyre December 1, 2000

EIA's Testimony on Crude Oil, Heating and Transportation Fuel Markets - House Subcommittee

Released: September 28, 2000

Statement of Mark J. Mazur Acting Administrator Energy Information Administration Before the Committee on Commerce Subcommittee on Energy and Power U.S. House of Representatives September 28, 2000

PPMCSA Presentation on Winter Distillate Outlook

Released: September 15, 2000

Presented by: Joanne Shore Presented to: PPMCSA Annual Meeting and Trade Show September 15, 2000

Winter Fuels Market Assessment 2000 (September 7, 2000)

Released: September 7, 2000

Presented by: Mark Rodekohr Presented to: The New England Council & Governor's Conference Boston, MA September 7, 2000

Winter Fuels Market Assessment 2000

Released: September 7, 2000

Dr. John S. Cook, Director of the Petroleum Division in EIA's Office of Oil and Gas.

Winter Distillate and Propane Outlook

Released: September 7, 2000

Presentation by Joanne Shore, Petroleum Division in EIA's Office of Oil and Gas.

EIA's Testimony on Crude Oil, Heating and Transportation Fuel Markets - Senate Committee

Released: September 1, 2000

Statement of Mark J. Mazur Acting Administrator Energy Information Administration before the Committee on Energy and Natural Resources U.S. Senate September 26, 2000

Crude Oil Market Outlook

Released: September 1, 2000

Presentation by Douglas MacIntyre, Petroleum Division in EIA's Office of Oil and Gas.

U.S. Refining Industry: Developments and Outlook, 1998-2001, The

Released: August 11, 2000

Presented by: Neal Davis Presented to: Valve Manufacturers Association of America Chicago, IL August 10-11, 2000

Supply of Chicago/Milwaukee Gasoline Spring 2000

Released: August 9, 2000

Presented by: Joanne Shore August 9, 2000

 
Long Term World Oil Supply

Released: August 1, 2000

Analysis of long term world oil supply.

 
Winter Distillate and Natural Gas Outlook

Released: July 27, 2000

Presented by: Dr. John S. Cook, Director, Petroleum Division; EIA's Office of Oil and Gas July 27, 2000

 
Propane Market Status Report

Released: July 26, 2000

Presented by: Alice Lippert July 26, 2000

 
EIA's Senate Testimony About Rising Crude Oil and Gasoline Prices

Released: July 13, 2000

Statement of John Cook, Director Petroleum Division; Energy Information Administration before the Committee on Energy and Natural Resources United States Senate July 13, 2000

Accelerated Depletion: Assessing Its Impacts on Domestic Oil and Natural Gas Prices and Production

Released: July 1, 2000

Analysis of the potential impacts of accelerated depletion on domestic oil and natural gas prices and production.

 
EIA's Senate Testimony About Rising Crude Oil and Gasoline Prices

Released: June 29, 2000

Statement of John Cook, Director Petroleum Division; Energy Information Administration before the Committee on Governmental Affairs U.S. Senate June 29, 2000

Update: A Year of Volatility - Oil Markets and Gasoline

Released: June 20, 2000

Presented by: Dr. John S. Cook, Director, Petroleum Division EIA's Office of Oil and Gas June 21, 2000

 
Testimony Before the Subcommittee on Energy and Power

Released: May 24, 2000

Presented by: Jay E. Hakes, EIA Administrator Presented to: U.S. House of Representatives Washington, DC May 24, 2000

World Oil Market, The

Released: May 11, 2000

Presented by: Jay E. Hakes, EIA Administrator San Diego, CA May 11, 2000

U.S. Independent Oil and Gas Producers, 1993 - 1998: Survivors and Nonsurvivors

Released: May 1, 2000

Presented by: Jon Rasmussen May 2000

Northeast Heating Fuel Market, The Assessment and Options

Released: May 1, 2000

In response to the President's request, this study examines how the distillate fuel oil market (and related energy markets) in the Northeast behaved in the winter of 1999-2000, explains the role played by residential, commercial, industrial, and electricity generation sector consumers in distillate fuel oil markets and describes how that role is influenced by the structure of the energy markets in the Northeast

 
Potential Oil Production from Coastal Plain of Arctic National Wildlife Refuge: Updated Assessment

Released: May 1, 2000

EIA received a letter (dated March 10, 2000) from Senator Frank H. Murkowski as Chairman of the Senate Committee on Energy and Natural Resources requesting an EIA Service Report with plausible scenarios for ANWR supply development consistent with the most recent U.S. Geological Survey resource assessments. This service report is prepared in response to the request of Senator Murkowski. It focuses on the ANWR coastal plain, a region currently restricted from exploration and development, and updates EIA's 1987 ANWR assessment.

 
Increased Potential for Gasoline Price Spikes -- Spring & Summer, Update

Released: April 18, 2000

Dr. John S. Cook, Director of the Petroleum Division in EIA's Office of Oil and Gas.

U.S. Distillate Market Update

Released: April 7, 2000

Presented by: Jay E. Hakes, EIA Administrator Providence, RI April 7, 2000

Long Term World Oil Supply

Released: April 1, 2000

Presented by: Jay E. Hakes, EIA Administrator American Association of Petroleum Geologists by New Orleans, Louisiana April 18, 2000

Update: Increased Potential for Gasoline Price Spikes -- Spring & Summer

Released: April 1, 2000

Presented by: Dr. John S. Cook, Director, Petroleum Division EIA's Office of Oil and Gas April 18, 2000

 
Testimony on Increases in Crude Oil, Distillate Fuels and Gasoline Prices, Senate Committee

Released: March 24, 2000

Presented by: Jay E. Hakes, EIA Administrator Washington, DC March 24, 2000

Why Are Heating Oil Prices Spiking in the Northeast

Released: March 6, 2000

Presentation on Northeast heating oil price spikes.

EIA's House of Representatives Testimony About Rising Heating Oil, Diesel, and Gasoline Prices

Released: March 1, 2000

Statement of John Cook, Director, Petroleum Division, Energy Information Administration before the Subcommittee on Energy and Power Committee on Commerce U.S. House Of Representatives March 9, 2000

Myth About Second Quarter Crude Oil Prices

Released: March 1, 2000

Presented by: Dr. John S. Cook, Director, Petroleum Division EIA's Office of Oil and Gas March 10, 2000

EIA's Senate Testimony About Rising Crude Oil and Gasoline Prices

Released: March 1, 2000

Statement of John Cook Director, Petroleum Division Energy Information Administration before the Subcommittee on Energy and Power Committee on Commerce; U.S. House of Representatives March 9, 2000

 
EIA's Senate Testimony About Rising Heating Oil, Diesel, and Gasoline Prices

Released: February 24, 2000

Statement of John Cook, Petroleum Division Director, Energy Information Administration before the Committee on Energy and Natural Resources, U.S. Senate February 24, 2000

U.S. Distillate Market Testimony for New York Assembly Hearing

Released: February 24, 2000

Presented by: Dr. John S. Cook, Director, Petroleum Division EIA's Office of Oil and Gas February 24, 2000

Presentation to the Boston Heating Oil Summit

Released: February 16, 2000

Presented by: Jay E. Hakes, EIA Administrator February 16, 2000

Statement Before the Subcommittee on Energy and Environment

Released: October 5, 1999

Presented by: Jay E. Hakes, EIA Administrator Presented to: U.S. House of Representatives Washington, DC October 5, 1999

Demand and Price Outlook for Phase 2 Reformulated Gasoline, 2000 (Released in the STEO August 1999)

Released: August 1, 1999

This article presents projections of demand and the market price premium for Phase 2 RFG in the year 2000. The projections in this article are based on forecasts in the Short-Term Energy Outlook, which is published monthly by the Energy Information Administration.

Presentation to the National Association of Regulatory Utility Commissioners,

Released: July 21, 1999

Presented by: Jay E. Hakes, EIA Administrator Presented to: National Association of Regulatory Utility Commissioners Staff Subcommittee on Gas San Francisco, CA July 21, 1999

U.S. Petroleum and Natural Gas Industry, The

Released: July 15, 1999

Overviews crude oil and natural gas production for the years 1987 to 1997, focusing on 1997.

U.S. Petroleum Refining and Gasoline Marketing Industry, The

Released: July 15, 1999

Overviews petroleum refining and gasoline marketing for the years 1987 to 1997, focusing on 1997.

Petroleum: An Energy Profile 1999

Released: July 1, 1999

Explains in laymen's terms the major components and operations of the U.S. petroleum industry that include: petroleum products, resources and reserves, drilling and exploration, refining, storage and transportation, imports, exports, and petroleum marketing

 
Statement Before the Energy and Natural Resources Committee, U.S. Senate

Released: June 24, 1999

Presented by: Jay E. Hakes, EIA Administrator Washington, DC June 24, 1999

Demand and Price Outlook for Phase 2 Reformulated Gasoline, 2000

Released: May 19, 1999

Phase 2 of the U.S. reformulated gasoline program begins at the end of this year. This article, published in the Petroleum Supply Monthly, April 1999, provides a forecast and analysis of the demand and price for Phase 2 reformulated gasoline for the year 2000.

High Propane Stocks: Structural Change or Cycle - OPIS NGL Supply Summit

Released: May 18, 1999

Presented by: Dr. John S. Cook, Director, Petroleum Division EIA's Office of Oil and Gas May 17-18, 1999

Offshore Oil and Gas Recovery Technology

Released: April 1, 1999

Resources & Reserves, Exploration & Production

 
Statement Before the Subcommittee on Energy and Power, House Committee on Commerce

Released: March 26, 1999

Presented by: Jay E. Hakes, EIA Administrator Washington, DC March 26, 1999

Statement Before the Subcommittee on Energy and Power, House Committee on Commerce

Released: March 10, 1999

Presented by: Jay E. Hakes, EIA Administrator Washington, DC March 10, 1999

Price Changes in the Gasoline Market - Are Midwestern Gasoline Prices Downward Sticky?

Released: February 1, 1999

The report concentrates on regional gasoline prices in the Midwest from October 1992 through June 1998.

 
Statement Before the Energy and Natural Resources Committee, U.S. Senate

Released: January 28, 1999

Statement of Jay Hakes Administrator, Energy Information Administration Department of Energy Before the Energy and Natural Resources Committee U.S. Senate January 28, 1999

EIA Completes Corrections to Drilling Activity Estimates Series

Released: January 1, 1999

The Energy Information Administration (EIA) has published monthly and annual estimates of oil and gas drilling activity since 1978. These data are key information for many industry analysts, serving as a leading indicator of trends in the industry and a barometer of general industry status.

 
What Does the Kyoto Protocol Mean to U.S. Energy Markets and the U.S. Economy?

Released: October 1, 1998

A Briefing Paper on the Energy Information Administration's Analysis and Report Prepared for the Committee on Science, U.S. House of Representatives

 
El Paso Gasoline Prices

Released: September 3, 1998

Presented by: Dr. John S. Cook, Director, Petroleum Division EIA's Office of Oil and Gas

Impacts of Increased Diesel Penetration in the Transportation Sector, The

Released: August 1, 1998

Requested by the Office of Energy Efficiency and Renewable Energy, U.S. Department of Energy. Analyzes the impacts on petroleum prices, demand, and refinery operations of a projected increase in demand for diesel fuel stemming from greater penetration of diesel-fueled engines in the light-duty vehicle fleet of the U.S. transportation sector.

 
Why do Motor Gasoline Prices Vary Regionally? California Case Study

Released: July 15, 1998

Analysis of the difference between the retail gasoline prices in California and the average U.S. retail prices.

25th Anniversary of the 1973 Oil Embargo

Released: June 1, 1998

This marks the 25th anniversary of the energy crisis of 1973, in some ways the most pivotal year in energy history. Anniversaries are often a time of reflection. In this spirit, the Energy Information Administration presents here 30 major energy trends in the United States over this period.

Environmental Regulations and Changes in Petroleum Refining Operations (Released in the STEO June 1998)

Released: June 1, 1998

Changes in domestic refining operations are identified and related to the summer Reid vapor pressure (RVP) restrictions and oxygenate blending requirements. This analysis uses published EIA survey data and linear regression equations from the Short-Term Integrated Forecasting System (STIFS). The STIFS model is used for producing forecasts appearing in the Short-Term Energy Outlook.

Assessment of Summer 1997 Motor Gasoline Price Increase

Released: May 1, 1998

Assesses the 1997 late summer gasoline market and some of the important issues surrounding that event.

 
Oxygenate Supply/Demand Balances in the Short-Term Integrated Forecasting Model (Released in the STEO March 1998)

Released: March 1, 1998

The blending of oxygenates, such as fuel ethanol and methyl tertiary butyl ether (MTBE), into motor gasoline has increased dramatically in the last few years because of the oxygenated and reformulated gasoline programs. Because of the significant role oxygenates now have in petroleum product markets, the Short-Term Integrated Forecasting System (STIFS) was revised to include supply and demand balances for fuel ethanol and MTBE. The STIFS model is used for producing forecasts in the Short-Term Energy Outlook. A review of the historical data sources and forecasting methodology for oxygenate production, imports, inventories, and demand is presented in this report.

EIA Corrects Errors in Its Drilling Activity Estimates Series

Released: March 1, 1998

The Energy Information Administration (EIA) has published monthly and annual estimates of oil and gas drilling activity since 1978. These data are key information for many industry analysts, serving as a leading indicator of trends in the industry and a barometer of general industry status.

 
Reformulated Gasoline Foreign Refinery Rules (Released in the STEO January 1998)

Released: January 2, 1998

On August 27, 1997, the EPA promulgated revised the rules that allow foreign refiners to establish and use individual baselines, but it would not be mandatory (the optional use of an individual refinery baseline is not available to domestic refiners.) If a foreign refiner did not establish and use an individual baseline, the gasoline they export to the U.S. would be regulated through the importer, and subject to the importer's baseline (most likely the statutory baseline). Specific regulatory provisions are implemented to ensure that the option to use an individual baseline would not lead to adverse environmental impacts. This involves monitoring the average quality of imported gasoline, and if a specified benchmark is exceeded, remedial action would be taken by adjusting the requirements applicable to imported gasoline.

Refiners Switch to RFG Complex Model

Released: January 2, 1998

On January 1, 1998, domestic and foreign refineries and importers must stop using the "simple" model and begin using the "complex" model to calculate emissions of volatile organic compounds (VOC), toxic air pollutants (TAP), and nitrogen oxides (NOx) from motor gasoline. The primary differences between application of the two models is that some refineries may have to meet stricter standards for the sulfur and olefin content of the reformulated gasoline (RFG) they produce and all refineries will now be held accountable for NOx emissions. Requirements for calculating emissions from conventional gasoline under the anti-dumping rule similarly change for exhaust TAP and NOx. However, the change to the complex model is not expected to result in an increase in the price premium for RFG or constrain supplies.

Propane Market Assessment for Winter

Released: December 1, 1997

1997-1998 Final issue of this report. This article reviews the major components of propane supply and demand in the United States and their status entering the 1997-1998 heating season. (archived versions)

 
Contrast Between Distillate Fuel Oil Markets in Autumn 1996 and 1997, A

Released: December 1, 1997

A Contrast Between Distillate Fuel Oil Markets in Autumn 1996 and 1997

 
Oil and Gas Resources of the West Siberian Basin, Russia

Released: November 1, 1997

Provides an assessment of the oil and gas potential of the West Siberian Basin of Russia. The report was prepared in cooperation with the U. S. Geological Survey (USGS) and is part of the Energy Information Administration. s (EIA. s) Foreign Energy Supply Assessment Program (FESAP).

 
Impact of Environmental Compliance Costs on U.S. Refining Profitability

Released: October 1, 1997

Assesses the effects of pollution abatement requirements on the financial performance of U.S. petroleum refining and marketing operations. The analysis draws heavily on financial and operating data from the Energy Information Administration's Financial Reporting System (FRS).

 
Petroleum 1996: Issues and Trends

Released: September 1, 1997

Examines historical trends and focuses on major petroleum issues and the events they represent. It analyzes different dimensions of the petroleum industry and related markets in terms of how they relate to the volatility in petroleum markets.

 
Intricate Puzzle of Oil and Gas Reserves Growth

Released: July 1, 1997

This article begins with a background discussion of the methods used to estimate proved oil and gas reserves and ultimate recovery, which is followed by a discussion of the factors that affect the ultimate recovery estimates of a field or reservoir.

 
Motor Gasoline Assessment, Spring 1997

Released: July 1, 1997

analyzes the factors causing the run up of motor gasoline prices during Spring 1996 and the different market conditions during Spring 1997 that caused prices to decline.

 
Distillate Fuel Oil Assessment for Winter 1996-1997

Released: June 15, 1997

This article describes findings of an analysis of the current low level of distillate stocks which are available to help meet the demand for heating fuel this winter, and presents a summary of the Energy Information Administration's distillate fuel oil outlook for the current heating season under two weather scenarios.

 
Analysis of U.S. Propane Markets Winter 1996-97, An

Released: June 1, 1997

This study constitutes an examination of propane supply, demand, and price developments and trends. EIA's approach focused on identifying the underlying reasons for the tight supply/demand balance in the fall of 1996, and on examining the potential for a recurrence of these events next year.

 
Recent Trends in Crude Oil Stock Levels

Released: October 1, 1996

This article, the third in a series of three on petroleum stocks, attempts to identify the components of the decline in the EIA crude oil stock data.

 
Impacts on U.S. Energy Markets and the Economy of Reducing Oil Imports

Released: September 1, 1996

This study was undertaken at the request of the General Accounting Office (GAO). Its purpose is to evaluate the impacts on U.S. energy markets and the economy of reducing oil imports. The approach and assumptions underlying this report were specified by GAO and are attached as an Appendix. The study focuses on two approaches: (1) a set of cases with alternative world crude oil price trajectories and (2) two cases which investigate the use of an oil import tariff to achieve a target reduction in the oil imports. The analysis presented uses the National Energy Modeling System, which is maintained by the Office of Integrated Analysis and Forecasting within the Energy Information Administration (EIA), and the DRI/McGraw Hill Macroeconomic Model of the U.S. Economy, a proprietary model maintained by DRI and subscribed to by EIA.

 
Analysis of Gasoline Markets Spring 1996, An

Released: June 1, 1996

The factors causing the run up of motor gasoline prices during spring 1996.

 
Reformulated Gasoline Market Affected Refiners Differently, 1995

Released: January 1, 1996

This article focuses on the costs of producing RFG as experienced by different types of refiners and on how these refiners fared this past summer, given the prices for RFG at the refinery gate.

 
Oil Supply: U.S. Perspective on a Global Market

Released: January 1, 1996

Supply issues in a global market

 
Oil Production Capacity Expansion Costs for the Persian Gulf

Released: January 1, 1996

Provides estimates of development and operating costs for various size fields in countries surrounding the Persian Gulf. In addition, a forecast of the required reserve development and associated costs to meet the expected demand through the year 2010 is presented.

 
Oil and Gas Development in the United States in the Early 1990's

Released: October 15, 1995

An analysis of the growing prominence of smaller energy companies in U.S. oil and natural gas production.

 
U.S. Refining Capacity Utilization

Released: October 1, 1995

This article briefly reviews recent trends in domestic refining capacity utilization and examines in detail the differences in reported crude oil distillation capacities and utilization rates among different classes of refineries.

 
Measuring Dependence on Imported Oil

Released: August 1, 1995

U.S. dependence on imported oil can be measured in at least two ways. The differences hinge largely on whether oil imports are defined as net imports (total imports minus exports) or as total imports. EIA introduces a revised table that expresses dependence on imports in terms of both measures.

 
Oil and Gas Resources of the Fergana Basin (Uzbekistan, Tadzhikistan, and Kyrgysztan)

Released: December 1, 1994

Provides the most comprehensive assessment publicly available for oil and gas resources in the Fergana basin. Includes projections of potential oil supply and U.S. Geological Survey estimates of undiscovered recoverable oil and gas.

 
Propane-Provider Fleet Survey 1993

Released: November 1, 1994

These preliminary estimates are based on data from the Propane Provider Fleet Survey, which the Energy Information Administration (EIA) conducted between June 1 and September 30, 1994.

 
Demand, Supply, and Price Outlook for Reformulated Motor Gasoline 1995

Released: July 1, 1994

Provisions of the Clean Air Act Amendments of 1990 designed to reduce ground-level ozone will increase the demand for reformulated motor gasoline in a number of U.S. metropolitan areas. This article discusses the effects of the new regulations on the motor gasoline market and the refining industry.

 
International Oil and Gas Exploration and Development

Released: November 1, 1993

Presents country level data on oil reserves, oil production, active drilling rigs, seismic crews, wells drilled, oil reserve additions, and oil reserve to production ratios (R/P ratios) for about 85 countries, where available, from 1970 through 1991. World and regional summaries are given in both tabular and graphical form.

 
Demand, Supply, and Price Outlook for Low-Sulfur Diesel Fuel

Released: August 1, 1993

The Clean Air Act Amendments of 1990 established a new, sharply lower standard for the maximum sulfur content of on-highway diesel fuel, to take effect October 1, 1993.

 
Drilling Sideways - A Review of Horizontal Well Technology and Its Domestic Application

Released: April 1, 1993

Focuses primarily on domestic horizontal drilling applications, past and present, and on salient aspects of current and near-future horizontal drilling and completion technology.

 
A Review of Valdez Oil Spill Market Impacts

Released: March 1, 1989

A review of the Valdez oil spill market impacts

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