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America’s Energy Future at a Crossroads

America’s Energy Future at a Crossroads. BizWest Energy Summit Loveland CO July 10, 2014. Christopher Guith Senior Vice President - Policy Institute for 21st Century Energy U.S. Chamber of Commerce. English Literature Does Matter.

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America’s Energy Future at a Crossroads

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  1. America’s Energy Future at a Crossroads BizWest Energy Summit Loveland CO July 10, 2014 Christopher Guith Senior Vice President - Policy Institute for 21stCentury Energy U.S. Chamber of Commerce

  2. English Literature Does Matter It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way… -A Tale of Two Cities (1859) Charles Dickens

  3. The New Energy RealityEnergy Security is central to our national and economic security Demand to increase 53% by 2035 90% in non-OECD countries Electricity demand to increase 76% 1.6 billion people without electricity $38 trillion of new investment by 2035 to meet rising demand 90% world’s oil reserves owned by national oil companies

  4. 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

  5. Rhetoric vs. Reality in Federal Permitting Permits & New Wells on Federal Lands Western Values Project, BLM Data

  6. Shale Fueling Colorado $63Billion in Gov Revs 2012-2035 IHS, America’s New Energy Future. October 2012

  7. Industrial Gas Consumption Returns

  8. Shale Revolution Spawns Manufacturing Renaisance IHS, ANEF 2013

  9. It’s All About Price Differential

  10. America’s New Energy Future

  11. America’s New Energy Future

  12. America’s New Energy Future

  13. Oil & Gas is THE Job Driver +38.6% -2.6% Source: BLS

  14. U.S. Oil Supply Source: BENTEK Crude Awakening/EIA

  15. Cracking the Code: Increased Efficiency RBN Energy LLC, 9/24/13

  16. Exports Increasingly Important to PetChem IHS, ANEF 2013

  17. Midstream Expansion in Overdrive Pipeline Projects: Jan 2010-Jan 2013 (MMcf/d) FERC, Major Pipeline Projects on the Horizon

  18. Rail, Truck, & Barge Shipments Double Crude Refinery Receipt Shipments Percentage of Total Thousand Barrels Per Day 4.3% EIA, Refinery Capacity Report. 6-25-14

  19. America’s New Energy Future Loss Loss Loss

  20. A Bright Future is NOT a Given Food & Water Watch: Mapping the Movement 423 Actions Across 21 States State Measures (Passed) State Measures (Pending) Local Measures (Passed) Local Measures (Pending) Shale Plays

  21. Rulemakings On The Runway!

  22. Coal & Gas Prices

  23. Expected Coal Plant Closures • >50 GW prematurely retired by 2020 • 15%-20% of entire coal fleet • ~10% of all US generation

  24. Heavy Concentration on Retirements

  25. Time to TAKE ACTION ENERGYXXI.ORG @Energy21

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