February 2001

Trends and Resources

HP Impact: HPImpact: API speakers assess supply, demand crunch

At an annual press briefing, representatives from the American Petroleum Institute (API) analyzed U.S. petroleum supply and demand statistics and also provided insight into the current energy environm..

At an annual press briefing, representatives from the American Petroleum Institute (API) analyzed U.S. petroleum supply and demand statistics and also provided insight into the current energy environment. The following summary presents highlights from the speeches. For additional information, visit: www.api.org. • The record tempo of the U.S. economy has perhaps slowed. Still, in the past year we have witnessed what will likely turn out to be the strongest economic expansion in over 15 years. Thus, it may seem a bit of a conundrum that growth in petroleum deliveries (a key measure of demand) was the most sluggish since 1995. Historically, economic growth and energy needs have go

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