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<br /> <br />150 <br /> <br />Quadrillion Btu's <br /> <br />15 <br /> <br /> <br />o Industrial <br />_ Transportation <br />CJ Household and <br />Commercial <br /> <br />How Much Energy <br />Will the Nation <br />Consume? <br /> <br />125 <br /> <br />Pre-Embargo <br /> <br />Curtenl Forecasl <br /> <br />. <br />~1-~ <br />~. <br />.. <br />.. <br />. <br /> <br />100 <br /> <br />so <br /> <br />2S <br /> <br />o <br />1950 <br /> <br />60 <br /> <br />70 <br /> <br />74 <br /> <br />80 <br /> <br />85 <br /> <br />90 <br /> <br />. Energy demand grew al a rale 01 3.6 percent in the 20 years <br />before the 1973 embargo, and in 1975 the United States con- <br />sumed about 73 Quadrillion Blu (quads). <br />-Electricity consumption grew allwice the rate of all energy <br />demand (about 7 percent per year). <br />. By 1985, as a result of higher prices, energy demand will be <br />much lower-even with economic expansion-than if historic <br />growth rates had continued. <br />-With a continuation of current oil prices (acout S13 per bar- <br />rel in 1975 dollars). demand will be 98_9 quads in 1985-8 2.8 <br />percent growth rate. <br />-ElectricIty will still grow about twice as fast as overall en- <br />ergy demand. but at reduced levels of 5.4 percent per year. <br />-Consumption will gradually shift from oil and gas to coal and <br />nuclear power. <br /> <br />. It world oil prices decline to S8 per barrel. or il oil and gas <br />prices are regulated substantially below market prices, energy <br />demand will grow faster-at an annual rate of between 3.0 and <br />3.2 percent. <br /> <br />. The greatest reductions in energy growth will be in the <br />Household;Commercial and Transportation Sectors. which will <br />respond most sharply to higher energy prices. <br /> <br />. <br /> <br />