130 likes | 256 Views
Boom or Bust: Is the US Prepared to Play in the Global LNG Export Market?. The Governor’s Conference on Energy Richmond VA October 16, 2013. Christopher Guith Vice President - Policy Institute for 21st Century Energy U.S. Chamber of Commerce.
E N D
Boom or Bust: Is the US Prepared to Play in the Global LNG Export Market? The Governor’s Conference on Energy Richmond VA October 16, 2013 Christopher Guith Vice President - Policy Institute for 21stCentury Energy U.S. Chamber of Commerce
We Possess Tremendous Domestic Energy Resources • Technically Recoverable Resources • 120 years of Nat Gas • 206 Years of Oil • 464 years of Coal • In-place Resources • 586 years of Nat Gas • 536 years of oil • 9,844 years of coal Institute for Energy Resources Analysis of U.S. Government Data
Shale Fueling Virginia $6.8 Billion in Gov Revs 2012-2035 IHS, America’s New Energy Future. October 2012
Oil & Gas is THE Job Driver +38.6% -2.6% Source: BLS
U.S. Historical Rig Counts Baker Hughes Rig Count, 9/28/13 20%
Global Natural Gas Prices FERC, World LNG Estimated Novermber 2013 Landed Prices
Global Race to Export is On IHS, LNG and the New Map of Global Gas, 2013
Global Demand is Finite IHS, LNG and the New Map of Global Gas, 2013