US energy demand to rebound in 2003 as production slides

US energy demand will increase in 2003 as the much-anticipated economic recovery takes hold. Consumption of petroleum products, natural gas, and coal will grow, while demand for other primary forms of energy is on par with 2002 consumption.Motor gasoline demand will remain strong, and jet fuel demand will turn around for the first year of growth since 2000.US production of crude oil and condensate will continue to slide, and imports will rise following a decline last year. Imports will satisfy 59.4% of domestic oil demand vs. 57.7% last year. Click here to enlarge imageNatural gas production will decline as well as the pullback in capital spending further affects output. Meanwhile, deman...

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