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Bureau of Mines / Minerals yearbook metals, minerals, and fuels 1972
Year 1972, Volume 1 (1972)

Kirby, James G.; Carleton, David A.; Moore, Betty M.
Crude petroleum and petroleum products,   pp. 909-1026 PDF (10.9 MB)


Page 909

  909Crude Petroleum 
and Petroleum Products 
By James G. Kirby,1 David A. Carleton,2 and Betty M. Moore3 
 The total demand 4 for petroleum products in 1972 exceeded the 6-billion-barrel
mark for the first time, increasing from the 1971 level by 437 million -barrels
or 
7.8%. 
 The high level of industrial activity, colder-than-normal weather, and the
substitution of fuel oils for short supplies of natural gas and low-sulfur
coals all contributed to the unusually high increase in domestic product
demand of 7.9%. Refined products exports were down slightly from the 1971
level. 
 Domestic production of crude oil and natural gas liquids was unable to keep
pace with the increased demand, and imports were increased 21.1% and stocks
were reduced by 85 million barrels. 
 The Department of the Interior was able to satisfy court orders that had
canceled leasing of areas off the Louisiana coast in 1971, and lease sales
were held in September and December 1972. At yearend the Alaskan pipeline
continued to be delayed by court orders pending resolution of environmental
concerns. 
 The increasing volume of natural gas liquids recovered from natural gas
has made it desirable to present data on these liquids with crude oil data,
as these liquids are blended with refinery products and are similar to materials
recovered from refinery gases. 
 The Bureau of Mines uses crude-oil production data (including field condensate)
compiled by State agencies for those States that compile the information.
Where such data are not available, monthly questionnaires are sent to all
pipeline companies operating within the State. Annual canvasses and State
agencies also provide supplemental information on the value of 
crude petroleum at wells, and the num-ber of producing wells, 
 Individual refineries reported monthly receipts, input, stocks, refinery
production, and deliveries. Data on both product stocks at refineries and
pipeline and bulk terminal stocks are collected. These data are also published
monthly. Annually, sales of fuel oils, asphalt and road oils by uses, and
refinery capacity are canvassed. 
 Demand by Product.—Gasoline.—The domestic demand for motor gasoline
increased 6.3% in 1972 to 2,333,777,000 barrels. Emission control devices
added to new car engines to meet Federal Government standards have caused
a sharp decline in efficiency, accounting, in part, for the sharp increase
in demand. The demand for aviation gasoline continued the downward trend
in -both the domestic and export markets. Domestic demand declined 7.1% in
1972 to 16,628,000 barrels, and exports declined 57.3% to 529,000 barrels.
 Distillate Fuel Oil.—Domestic demand for distillate fuel oil in 1972
was 1,066,049,000 barrels, compared with 
 1 Industry economist, Division of Fossil Fuels— Mineral Supply (retired).
 2 Petroleum specialist, Division of Fossil Fuels— Mineral Supply.
 Statistical assistant, Division of Fossil Fuels— Mineral Supply. 
4Certain terms as used in this chapter are more or less unique to the petroleum
industry. Principal terms and their meaning are— Total demand.—A
derived figure representing 
total new supply plus decreases or- minus increases in reported stocks. Because
there are substantial secondary and consumers' stocks that are not reported
to the Bureau of Mines, this figure varies considerably from consumption.
 Domestic demand.—Total demand less exports. New supply of all oils.—The
sum of crude oil production, plus production of natural gas liquids, plus
benzol (coke-oven) used for motor fuel, hydrogen, and other hydrocarbons,
plus imports of crude oil and other petroleum products. 
 Transfers—Crude oil conveyed to fuel-oil stocks without processing,
or reclassification of products from one product category to another. 
 All oils.—Crude petroleum, natural gas liquids, and their derivatives.


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