Feasibility of Financing Domestic Energy Development During 1978--1984. Analysis Report

摘要

This report is an elaboration and an extension of the Section on Finance presented in Chapter 3 of the 1977 Annual Report to the Congress (ARC) by the Energy Information Administration. It introduces the satisfactory financing of energy as yet another factor likely to significantly affect the sensitivity of alternative energy-supply projections shown in the ARC. Accordingly, its primary purpose is to assess whether the growth of private investment demand in energy - as implied by the projections - can be adequately met in the future. For the above purpose, aggregate estimates of energy capital requirements are derived for the seven-year period from 1978 to 1984. This is done by taking into account capacity additions and levels of exploration and development activity necessary to attain alternative levels of domestic energy output. The latter are abstracted from Projection Series A (high-supply, high-demand), Projection Series C (mid-supply, mid-demand), and Projection Series E ( low-supply, low-demand). These correspond to high-, medium-, and low-capital requirements, respectively. The cumulative amounts estimated for each Series are tabulated. (ERA citation 04:043177)