While energy costs vary widely among petroleum products,
they can be substantial in some cases, accounting for up to 85% of production costs. In
1994, the industry spent about $3.2 billion on purchased energy, $1.6 billion of which was
spent on natural gas [MECS 1994]. This does not include the value
of energy produced onsite, which could be more than $9 billion [DOE
1998].
|