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U.S. Russia Business Council

U.S. Russia Business Council. 18 th Annual Meeting October 21, 2010 San Francisco. Panel Discussion on The High‐Tech Dimensions of Energy Lucian Pugliaresi Energy Policy Research Foundation, Inc. Conventional Wisdom -- Just 5 Short Years Ago.

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U.S. Russia Business Council

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  1. U.S. Russia Business Council 18th Annual Meeting October 21, 2010 San Francisco Panel Discussion on The High‐Tech Dimensions of Energy Lucian Pugliaresi Energy Policy Research Foundation, Inc Energy Policy Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 | 202.944.3339 | www.eprinc.org

  2. Conventional Wisdom -- Just 5 Short Years Ago • World to Face Large Scale Shortages in Refining Capacity • No Major Large Scale Additions Likely in Petroleum Reserves (peak oil) – prices will rise to well over $100/bbl. • U.S. to Face Natural Gas Shortages – Massive Commitment to Domestic LNG Receiving Facilities • Latin America has been Fully Explored Energy Policy Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 | 202.944.3339 | www.eprinc.org

  3. Energy Policy Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 | 202.944.3339 | www.eprinc.org

  4. Source: U.S. Energy Information Administration Energy Policy Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 | 202.944.3339 | www.eprinc.org

  5. World LNG and Unconventional Gas Production Energy Policy Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 | 202.944.3339 | www.eprinc.org

  6. U.S. Proven Gas Reserves Since 1980 Energy Policy Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 | 202.944.3339 | www.eprinc.org

  7. The Peak Oil Problem: How Serious?

  8. Permian BasinTesting Hubbard-Method Predictions for Reserves and Production(Billions of Barrels) 1964 1982 2000 Source: EPRINC, October 2006. Does the Hubbard Method Provide a Reliable Means for Predicting Future Oil Production, Richard Nehring, October 2006, Energy Policy Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 | 202.944.3339 | www.eprinc.org

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