Oil to lead US energy demand growth in 2005

01/17/2005
Total energy consumption in the US will grow again this year, buoyed by increased economic activity and the need for greater quantities of transportation fuels.Energy demand across all major sources will grow, with oil leading. The growth rates for jet fuel and motor gasoline will increase from a year ago, while those for other products will decline.While Alaskan oil output continues to slide, total US crude and condensate production will rebound in 2005. Imports of oil and products will decline slightly while inventories shrink a bit. Refining activity will remain strong, with capacity utilization averaging 92% for the year.Natural gas production in the US will climb following a 2004 dec...
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