8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

1/18

Institute for 21st Century EnerU.S. Chamber of Commerce

Karen A. HarbertPresident and CEO

Institute for 21st Century EnergyU.S. Chamber of Commerce

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

2/18

U. S. C h a m b e r o f C o m

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

Dec.2008

Dec.2009

Dec.2010

Dec.2011

Feb.2012

$1.71$2.66 $3.10 $3.26 $3.72

Gas price changes since December 2008

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

3/18

U. S. C h a m b e r o f C o m

An Inconvenient Energy Truth

0

25

50

75

100

125

150

175

200

Q u a

d r i

l l i o n

B t u

Global Energy Demand by Region: 2007 & 2035

Global Energy Demand To Grow 53% by 2035

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

4/18

U. S. C h a m b e r o f C o m

0

20

40

60

80

100

120

1990 2000 2010 2020 2030

m b

/ d

Natural gas

Non-conve

Crude oil -developed or found

Crude oil -producing

World oil production by source

64 mb/d of gross capacity needs to be installed between 2007 & 2030 six capacity of Saudi Arabia to meet demand growth & offset decline

Source: IEA 2008

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

5/18

U. S. C h a m b e r o f C o m

Rhetoric vs. Reality

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

6/18

U. S. C h a m b e r o f C o m

Oil Natural Gas Oil Natural Ga

Production on Federal Lands Production on State and Private Lands

Change in Oil and Gas ProductionFederal vs. State and Private Lands FY 2010-2011

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

7/18

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

8/18

U. S. C h a m b e r o f C o m

Fueling Our EconomyBy 2030, U.S. oil and natural gas policy chacould generate more than:

1.4 million new jobs;

$800 billion in additional government revenue;

and 10 million barrels worth of added daiand natural gas production

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

9/18

U. S. C h a m b e r o f C o m

Fueling Our Economy

Shale plays are on pace to create+200,000 jobs in OH by 2020

+115,000 jobs in PA by 202 (140,000 existing)

+100,000 jobs in TX, LA, and MS

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

10/18

U. S. C h a m b e r o f C o m

Keystone XL Pipeline proposal

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

11/18

U. S. C h a m b e r o f C o m

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 manuf jobs immediately and 250,000 by 2035

The projected impact to U.S. GDP would be betweenbillion - $800 billion

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

12/18

U. S. C h a m b e r o f C o m

Coal on the Rise

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

13/18

U. S. C h a m b e r o f C o m

New Capacity Investments

http://www.eia.gov/todayinenergy/detail.cfm?id=1690

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

14/18

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

15/18

U. S. C h a m b e r o f C o m

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

16/18

U. S. C h a m b e r o f C o m

Wheres public opinion?

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

17/18

U. S. C h a m b e r o f C o m

Energy on the table in the Tax Debate

$ 18 billion

8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012

18/18

U. S. C h a m b e r o f C o m

Time to TAKE ACTION

AT RISK: Americas national securityinvestment climate and competitiven

ENERGYXXI.ORG