A simulation analysis of US energy demand, supply, and prices

This report describes the development of a simulation model of U.S. energy demand, supply and price, and comments on the results obtained in initial test runs. Details of the model are included for use by researchers familiar with common current specifications of supply and demand functions. The model includes the following user demand sectors and energy types: (1) residential (electricity, gas, oil); (2) commercial (electricity, gas, oil), (3) industrial (electricity, gas, distillate and residual oils), (4) transportation (petroleum products); and (5) residual (coal, electricity, gas, oil). The model contains the following supply activities: (1) coal; (2) petroleum; (3) gas; and (4) electricity. In addition several energy supply and demand projections are provided for analysts interested in the application of models to energy problems.