TAILIEUCHUNG - Short-Term Energy Outlook (STEO)

We’ve tried to write a book for a wide range of Oracle users, from the novice to the experienced user. To address this range of users, we’ve focused on the concepts and technology behind the Oracle database. Once you fully understand these facets of the product, you’ll be able to handle the particulars of virtually any type of Oracle database. Without this understanding, you may feel overburdened as you try to con- nect the dots of Oracle’s voluminous feature set and documentation. | Independent Statistics Analysis Z - . Energy Information k3 A x Administration January 2013 Short-Term Energy Outlook STEO This edition of the Short-Term Energy Outlook is the first to include forecasts for 2014. EIA expects that the Brent crude oil spot price which averaged 112 per barrel in 2012 will fall to an average of 105 per barrel in 2013 and 99 per barrel in 2014. The projected discount of West Texas Intermediate WTI crude oil to Brent which averaged 18 per barrel in 2012 falls to an average of 16 per barrel in 2013 and 8 per barrel in 2014 as planned new pipeline capacity lowers the cost of moving Mid-continent crude oil to the Gulf Coast refining centers. EIA expects that falling crude prices will help national average regular gasoline retail prices fall from an average per gallon in 2012 to annual averages of per gallon and per gallon in 2013 and 2014 respectively. Diesel fuel retail prices averaged per gallon during 2012 and are forecasted to fall to an average of per gallon in 2013 and per gallon in 2014. EIA estimates . total crude oil production averaged million barrels per day bbl d in 2012 an increase of million bbl d from the previous year. Projected domestic crude oil production continues to increase to million bbl d in 2013 and million bbl d in 2014 which would mark the highest annual average level of production since 1988. Total . liquid fuels consumption fell from an average million bbl d in 2005 to million bbl d in 2012. EIA expects total consumption to rise slowly over the next two years to an average million bbl d in 2014 driven by increases in distillate and liquefied petroleum gas consumption with flat gasoline and jet fuel consumption. Natural gas working inventories which reached a record-high level in early November ended 2012 at an estimated trillion cubic feet Tcf slightly above the level at the same time the previous year. EIA expects the Henry Hub natural .

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