Description of the Global Petroleum Supply and Demand Outlook of the 1988 GRI (Gas Research Institute) Baseline Projection of U.S. Energy Supply and Demand

摘要

The global petroleum supply and demand outlook used as input to the 1988 GRI Baseline Projection of U.S. Energy Supply and Demand is described. To formulate a future price track for the U.S. refiners' acquisition cost (RAC) of crude oil, the impacts of factors which influence the outlook for oil pricing were assessed: in the near term, a base year correction; in the mid-term, the evolution of the projected world oil supply and demand balance; and in the long-term, the probable future pricing strategy of the exporting countries.