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Institute for 21st Century Energy U.S. Chamber of Commerce

Institute for 21st Century Energy U.S. Chamber of Commerce. Karen A. Harbert President and CEO Institute for 21st Century Energy U.S. Chamber of Commerce. Gas price changes since December 2008. The New Energy Reality Energy Security is central to our national and economic security.

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Institute for 21st Century Energy U.S. Chamber of Commerce

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  1. Institute for 21st Century EnergyU.S. Chamber of Commerce Karen A. Harbert President and CEO Institute for 21stCentury Energy U.S. Chamber of Commerce

  2. Gas price changes since December 2008

  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. An Inconvenient Energy Truth Global Energy Demand To Grow 53% by 2035

  5. World oil production by source 120 Natural gas liquids mb/d Non-conventional oil 100 Crude oil - yet to be developed (inc. EOR) or found 80 Crude oil - currently producing fields 60 40 20 0 1990 2000 2010 2020 2030 64 mb/d of gross capacity needs to be installed between 2007 & 2030 – six times the current capacity of Saudi Arabia – to meet demand growth & offset decline Source: IEA 2008

  6. Future U.S. Energy Demand US Energy Demand INCREASES 10% EIA AEO 2012

  7. What’s happening in the U.S.? Future of expanded oil exploration? Impact of new natural gas finds Nuclear Renaissance? New coal fired power plants stalled Prospects for renewables People power BANANA Syndrome UNPREDICTABLE INVESTMENT ENVIRONMENT

  8. Fueling Our Economy • By 2030, U.S. oil and natural gas policy changes could generate more than: • 1.4 million new jobs; • $800 billion in additional government revenue; • and 10 million barrels worth of added daily oil and natural gas production (Woods MacKenzie September 7, 2011 U.S. Supply Forecast and Potential Jobs and Economic Impacts 2012-2030)

  9. Keystone XL Pipeline proposal

  10. Canadian Oil Sands Benefits • Currently supports 80,000 U.S. jobs • Could increase to 94,000 - 600,000 U.S. jobs by 2035 • Keystone XL pipeline could create 20,000 US manufacturing jobs immediately and 250,000 by 2035 • The projected impact to U.S. GDP would be between $200 billion - $800 billion; (Canadian Energy Research Institute June 2011 Economic Impacts of Staged Development of Oil Sands Projects in Alberta 2010 – 2035)

  11. Coal on the Rise

  12. New Capacity Investments

  13. More with LESS!

  14. Efficiency Progress

  15. Rulemakings On The Runway!

  16. Production vs. Protection

  17. Where’s public opinion?

  18. U.S. Strategy-More Realism “NO SILVER BULLET APPROACH” Maximize Efficiency Increase domestic oil and gas Recognize role for nuclear and clean coal New alternative transportation fuels Sustainable policy on renewables Modernize our infrastructure Exert authority to get beyond NOPE syndrome Invest in our technology solutions and our intellectual foundation for innovation Achievable Climate Approach

  19. Time to TAKE ACTION AT RISK: America’s national security, investment climate and competitiveness ENERGYXXI.ORG

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