Energy Usage Perceptions False / U.S. Consumption Changed Little since 1973, Says Randolph
L. D. Barney, THE JOURNAL RECORD
Capital invested in energy production over recent years may have been attracted by a false perception that energy consumption has increased, says James Randolph, president of Kerr-McGee Coal Corp.
Actual data points to the contrary, he said, and projections for the next 10 years are for moderate growth at the most - possibly 2.4 percent per year.
The total amount of energy consumed in the United States last year was only slightly above 1973 levels, said Randolph.
Compared to 74.29 quadrillion British Thermal Units (BTUs) consumed in 1973, Kerr-McGee estimates 1985 consumption at about 75 quadrillion BTUs.
That would be an increase of less than 1 …
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Publication information: Article title: Energy Usage Perceptions False / U.S. Consumption Changed Little since 1973, Says Randolph. Contributors: L. D. Barney - Author. Newspaper title: THE JOURNAL RECORD. Publication date: February 8, 1986. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
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