Table 3-6. Crude Petroleum and Natural Gas (SIC 1311) Trends and Forecasts

(Millions of dollars, except as noted)




1989


1992


1993


1994


1995


19961

19971

19982
Percent Change










95-96

96-97

97-98

89-963

Industry Data












Value of Shipments4
74,664
77,316
80,569
72,453
79,072
94,333
96,974
97,653
19.3
2.8
0.7
3.4

Value of Shipments ($92)
78,900
77,316
75,756
75,309
75,429
74,524
73,182
71,426
-1.2
-1.8
-2.4
-0.8

Total Employment (000)

174










Production Workers (000)

64










Average Hourly Earnings ($)

20










Capital Expenditures












Product Data












Value of Shipments4
75,126
72,245
75,240
67,701
73,794
88,036
90,501
91,135
19.3
2.8
0.7
2.3

Value of Shipments ($92)
79,388
72,245
70,787
70,370
70,482
69,636
68,382
66,741
-1.2
-1.8
-2.4
-1.9

Trade Data












Exports












Imports






















1Estimate

2Forecast

3Compound annual rate

4For definition of industry versus product values, see "Getting the Most Out of Outlook"


Source: U.S. Department of Commerce: Bureau of the Census, International Trade Administration