Review of Predictions and Highlights / Lowlights of 2012 Presenters: Nick Bellamy and Paul Plath

2. Review of Predictions and Highlights / Lowlights of 2012 Presenters: Nick Bellamy and Paul Plath

3. In what range will the S&P 500 be trading at the end of 2012?

4. The Bull Keeps Roaring S&P was at 1258 as of December 31, 2011 …and was at 1426 on December 31, 2012 …and at 1511 as of yesterday

5. How Much Coal Capacity will be Retired in 2012?

6. 6,968MW of coal capacity retired in 2012 (SNL Energy)

7. 6,968MW of coal capacity retired in 2012 (SNL Energy)

8. 6,968MW of coal capacity retired in 2012 (SNL Energy)

9. In China, however….. At the end of 2012 there were 363 new coal plants under development in China, vs. 36 in the U.S. Maybe the Sierra Club Relocate its HQ To Beijing?

10. What will the price of natural gas be at this time next year?

11. Prices were below $3/MMBtu until about Mid-September, and bottomed out at $1.90MMBtu in April

12. Current EIA Forecasts

13. Which of these commodities will see the Greatest Price Increase in 2012?

14. WTI Crude Crude was basically flat Steel was down 10% So the winner is……the BC Lift Ticket! BC Lift Ticket Now: $119 Last Year $105 % Increase 13.3%! Red Tail Lodge Burgers are flat at $14.25

15. PTC Extension: What will happen? Technically, these folks were right – there was no extension in 2012! But Lo and Behold, another year squeaked out on New Years Day!

16. Will an IGCC facility finally get financed in 2012? NOPE!!!!

17. Sept. 11, 2012: Summit Power Group Celebrates Major Milestones in Financing and Construction of the Texas Clean Energy Project – Generating Jobs and Energy This announcement was a bit premature…. Developer is now focused on China as the primary source of debt and equity. Looking for an end of 2Q 2013 financing.

18. How many countries in the Eurozone will default during 2012?

19. None! – at least not yet. • How we felt last year • How we feel this year? • Or at least we’re trying

20. Will Fracking be Allowed in NY State in 2012?

21. Not yet…….. If the new deadline at the end of February 2013 is missed, DEC would have to reissue regulations and hold public hearings, potentially adding months onto an environmental impact review that started in July 2008. Shale gas development has been banned in New York since the review began. Sean And Yoko: LET IT BE!!!!

22. Which team will win the Superbowl? 22

23. 23

24. Who will the Republicans nominate for President? Among the interesting choices……. What do you get the presidential candidate’s wife who has everything? If you’re Newt, you get the (third) wife a $500,000 revolving account at Tiffany’s. When asked whether that’s an appropriate image for a guy pushing fiscal responsibility, Gingrich insisted, it’s a normal way of doing business.””

25. But we all know the winner was….. “I’ve got a Binder full of Women…..”

27. Which Party will win the White House in 2012? The BCEC vote mirrored the popular vote in the 2012 election

28. Obama won his job back for another 4 years, but… The Environmental President? On Earth Day 2009, President Obama flew to and from Iowa, making two trips on Air Force One and four trips in Marine One, and burning at least 9,000 gallons of fuel on the 895-mile cross-country excursion. The president makes the trip so he can plant a single tree and deliver a speech on the importance of using alternative energy.

29. But most of his 1st term cabinet didn’t

30. Highlights of 2012: Fiscal Cliff Fun!

31. Karl Rove kept his job, Will he and Fox Have Better Luck in 2016? Karl Rove, FoxNews Sign New 4-Year Deal -- Despite botching his election night predictions, Karl Rove is renewing his contract with FoxNews for another four years. "The contract assures the ratings-leader cable news network that it will retain one of its most popular commentators ...

32. Keystone Pipeline: The partisan hot button of the campaign suddenly has bi-partisan support! Nebraska governor approves revised Keystone pipeline route – Jan 22, 2013 53 senators urge approval of Keystone XL pipeline – Jan 23, 2013

33. But Ongoing Public Opposition Makes for Some Strange Bedfellows…… The Dalai Lama Elaine Benes (“Seinfeld”) “Denying the permit for a brutally stupid, money-grab like the Keystone XL pipeline is a no-brainer, right Mr. President?" “Nine winners of the Nobel Peace Prize, including Archbishop Desmond Tutu and the Dalai Lama, have written a letter to U.S. President Barack Obama asking him not to approve a pipeline that would ship oilsands crude from Alberta to Texas.

34. So 2012 was another interesting year, but not to bad (unless you are a Tea Party Republican) Things We are Thankful for: Things We Still Need to Watch Out For Elections are over! PTCs extended (for a while) Stock market is up Eurozone jitters are down Lots of cheap gas Casualties in Afganistan at 4-year low Most of us still have our jobs! Debt Ceiling Debate Paralysis Uncertain focus for DOE and EPA Employment and growth still anemic The Euro is still not out of the woods Middle-east tensions rising (again)