Analysis of Energy Supply and Usage in the Iowa Economy

Abstract

This report addresses the needs of state policymakers to understand the implications to the state’s economy from current levels of energy supply imports. Historical energy consumption patterns for the state and the role of energy in the performance of the Iowa economy are reviewed using current data. Economic modeling techniques are then used to analyze the linkages of these energy sectors, forward and backwards, with the rest of the economy. Information on the importance of energy to various economic activities and the share of energy expenditure that goes to in-state vs. out-of-state sources, including the energy distribution functions, is also provided. The objective of this report is to review the information on the quantities of energy consumed and dollars spent in Iowa and evaluate the share of these energy dollars that are leaving the state.