Dr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development!

Size: px
Start display at page:

Download "Dr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development!"

Transcription

1 Dr. Laura Nelson, VP Energy and Environment! April 28, 2010! Unconventional Fuels Conference! Update and Policy Considerations for Development!

2 World Marketed Energy Consumption! Quadrillion Btu! economic downturn has dampened energy demand! Demand returns over the next months! Global energy demand is expected to grow by 44% by 2030! Most growth will come from China and India! ~~By2006 combined energy demand was!19 % or world demand! ~~By 2030 it will be 28% of world!energy!

3 World Liquids Consumption By Country and Region! Africa Non-OECD Europe and Eurasia Middle East Central and South America OECD Asia OECD Europe Non-OECD Asia North America Million Barrels Per Day! Source: EIA 2006 World energy Demand; 2009 EIA Energy Prices!

4 Global Reserves for Conventional Crude! Crude Oil Reserves: Top 20 Countries Oil Reserves CIA World Factbook

5 Global Reserves by Region!

6 Oil Production BBL/Day! 12,000 10,000 8,000 6,000 Daily Oil Production 4,000 2,000 0

7 2006 World Demand: 85 MMBBl/day! 2006 World Supply: 84.6 MMBBl/day! 3.1 million is from unconventional options 2030 World Demand: MMBBl/day! 2030 World Conventional Supply: 93 MMBBl/day (OPEC + non-opec)! Requires 13.4 million bbl/day from unconventional sources 5.9 million is expected from bio-fuels; 7.5 other unconventional options Greatest increase in demand growth will come from non-oecd countries; primarily China and India!

8 quadrillion Btu History Projections Renewables (excluding liquid biofuels Liquid fuels Liquid biofuels Coal Natural gas Nuclear Source: EIA 2010 Energy Outlook

9 Energy Efficiency! Renewables! Bio-fuels Coal! Natural Gas! Crude Oil! Unconventional!!resources! Oil Shale Coal to Liquids Oil Sands

10 U.S. Crude Oil Imports By Country! 2,500 US Crude Oil Imports (1000s Bbl/day) 2,000 1,500 1,000 Imports CANADA MEXICO NIGERIA SAUDI ARABIA VENEZUELA ALGERIA IRAQ ANGOLA BRAZIL COLOMBIA RUSSIA KUWAIT AZERBAIJAN CONGO (BRAZZAVILL E) ECUADOR EIA December 2009

11

12 Company founded December 2006! Headquartered in Sandy, Utah, RLR is focused on unconventional fuels development! Management team comprised of leading experts on unconventional fuels! Company has:! Access to resources through SITLA oil shale leases! Patent pending technology! Completed successful field pilot test 2009! World class management team and partners! New Technology can open oil shale globally!

13 The Technology The EcoShale Process In-Capsule Process! Clay Liner! Closely Spaced Heat Pipes! Mined Ore / Void Volume! Gas Convection Heating! O 2 Free Atmosphere! Sloped Drainage! Low Acid! Vapor / Prompt Oil Recovery! Near Zero Fines! In-Pit Extraction! Skid Mounted Equipment!

14 EcoShale In-Capsule Process Overview!

15 Development is Sustainable! Environmental impact low emissions, no process water, rapid reclamation! Rapid reclamation as part of the process! Impermeable clay liner protects ground water Enables enterprise projects worldwide lower CAPEX and OPEX than Canadian oil sands projects!

16 Oil Shale Industry Considerations for Development! Mining! Standard practices with opportunities for rapid reclamation and minimized disturbance Energy! Inputs have declined substantially and are now competitive with new conventional oil production Access! In Utah, SITLA leases and Private property Need to secure access to federally managed lands Emissions! New technologies exist that are low in emissions Footprint! Ethanol production disturbs 40 times more acreage than oil shale development Water! Significant reductions in water use to an average of 1.5 bbl water for each bbl synthetic oil from both oil shale and oil sands

17 Summary! Sustainable, reclaimable development of US oil shale resources is achievable! There are no technological, economic or environmental show stoppers Oil shale can be commercially developed today! Oil shale development enhances the longterm prosperity of UT! Supports UT as a technology leader Development of unconventional resources is a fundamental part of US energy security!

18 September 2007!

19

International Energy Outlook 2011

International Energy Outlook 2011 International Energy Outlook 211 Center for Strategic and International Studies, Acting Administrator September 19, 211 Washington, DC U.S. Energy Information Administration Independent Statistics & Analysis

More information

Black Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH?

Black Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH? Black Gold: America and Oil 9/23/08 NOTES 9/18/08 POSTED & ASSIGNMENT #4 INTER/EXTRAPOLATION & EXP. GROWTH? Questions Is America / world running out of oil? Can the US be energy-independent? U.S. Energy

More information

International Energy Outlook 2017

International Energy Outlook 2017 International Energy 217 for Eighth IEA-IEF-OPEC Symposium on Energy s February 14, 218 Riyadh, Saudi Arabia U.S. Energy Information Administration U.S. Energy Information Administration Independent Statistics

More information

Short-Term and Long-Term Outlook for Energy Markets

Short-Term and Long-Term Outlook for Energy Markets Short-Term and Long-Term Outlook for Energy Markets Guy Caruso Administrator, Energy Information Administration guy.caruso@eia.doe.gov Fueling the Future: Energy Policy in New England December 2, 25 Boston,

More information

The Outlook for Global Oil and Natural Gas Resources

The Outlook for Global Oil and Natural Gas Resources The Outlook for Global Oil and Natural Gas Resources James Slutz Deputy Assistant Secretary Office of Fossil Energy U.S. Department of Energy Seventh Oil and Gas Industry Forum Hangzhou,, China Monday,

More information

January Christof Rühl, Group Chief Economist

January Christof Rühl, Group Chief Economist January 213 Christof Rühl, Group Chief Economist Contents Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook 23 BP 213 Introduction Global energy trends Outlook 23:

More information

Energy in Perspective

Energy in Perspective Energy in Perspective BP Statistical Review of World Energy 27 Christof Rühl Deputy Chief Economist London, 12 June 27 Outline Introduction What has changed? The medium term What is new? 26 in review Conclusion

More information

Impact of American Unconventional Oil and Gas Revolution

Impact of American Unconventional Oil and Gas Revolution National University of Singapore Energy Studies Institute 18 May 215 Impact of American Unconventional Oil and Gas Revolution Edward C. Chow Senior Fellow Revenge of the Oil Price Cycle American Innovation:

More information

OECD/IEA World Energy Outlook 2011 focus on oil, gas and coal

OECD/IEA World Energy Outlook 2011 focus on oil, gas and coal World Energy Outlook 2011 focus on oil, gas and coal The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the means of intervention

More information

Overview of global crude oil reserve estimates and supply patterns. Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803

Overview of global crude oil reserve estimates and supply patterns. Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803 Overview of global crude oil reserve estimates and supply patterns Professor Wumi Iledare LSU Center for Energy studies Baton Rouge, LA 70803 Presentation at Audubon Kiwanis Weekly Meeting Baton Rouge,

More information

Fuels Gaseous Liquid Solid. Nuclear. Electricity, Heating, and Cooling? Cheryl Gomez, PE, MBA, LEED AP BD+C

Fuels Gaseous Liquid Solid. Nuclear. Electricity, Heating, and Cooling? Cheryl Gomez, PE, MBA, LEED AP BD+C Cheryl Gomez, PE, MBA, LEED AP BD+C Fuels Gaseous Liquid Solid Nuclear Electricity, Heating, and Cooling? Source: US Energy Information Administration Solar, 0.2% Geothermal, 0.4% Petroleum, 1% Other Gases,

More information

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril

International Energy Outlook: key findings in the 216 Reference case World energy consumption increases from 549 quadrillion Btu in 212 to 629 quadril EIA's Global Energy Outlook For The Institute of Energy Economics, Japan October 5, 216 Japan By Adam Sieminski, Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 Rob Gardner October, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24

More information

International Energy Outlook 2016

International Energy Outlook 2016 International Energy Outlook 2016 For APERC Annual Conference 2017 Tokyo, Japan By Angelina LaRose U.S. Energy Information Administration Independent Statistics & Analysis www.eia.gov Global outlook 2

More information

Let's get non-technical: An economist's take on the past, the present, and the future of the industry

Let's get non-technical: An economist's take on the past, the present, and the future of the industry Let's get non-technical: An economist's take on the past, the present, and the future of the industry Erkal Ersoy e.ersoy@hw.ac.uk www.erkalersoy.co.uk Agenda» The market > The petroleum industry > Supply

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 2040 Bill Colton December 9, 2014 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy

More information

Contents. Introduction Global energy trends Outlook 2030: Fuel by fuel Implications. Energy Outlook 2030 BP 2013

Contents. Introduction Global energy trends Outlook 2030: Fuel by fuel Implications. Energy Outlook 2030 BP 2013 January 213 Contents Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook 23 BP 213 Introduction Global energy trends Outlook 23: Fuel by fuel Implications Energy Outlook

More information

Energy Market Update. Mark Finley Meet Alaska, January 21, 2011

Energy Market Update. Mark Finley Meet Alaska, January 21, 2011 Energy Market Update Mark Finley Meet Alaska, January 21, 211 Agenda Where we ve been Trends in global energy Where we are: The short-term outlook Why has oil been different? Where we are going (or might

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 Todd Onderdonk FPA DFW Symposium May 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends

More information

The Outlook for Energy: A View to 2040

The Outlook for Energy: A View to 2040 The Outlook for Energy: A View to 2040 Todd Onderdonk USAEE -- Houston February 2014 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy

More information

Global Energy Dilemmas: A Geographical Perspective

Global Energy Dilemmas: A Geographical Perspective Global Energy Dilemmas: A Geographical Perspective Professor Mike Bradshaw Geographical Association Annual Conference and Exhibition www.le.ac.uk http://www2.le.ac.uk/departments/geography/people/mjb41

More information

U.S. EIA s Liquid Fuels Outlook

U.S. EIA s Liquid Fuels Outlook U.S. EIA s Liquid Fuels Outlook NCSL 2011 Energy Policy Summit: Fueling Tomorrow s Transportation John Staub, Team Lead August 8, 2011 San Antonio, Texas U.S. Energy Information Administration Independent

More information

Power & Politics Navigating the Changing Vision of Our Energy Future. Rayola Dougher, API Senior Economic Advisor,

Power & Politics Navigating the Changing Vision of Our Energy Future. Rayola Dougher, API Senior Economic Advisor, Power & Politics Navigating the Changing Vision of Our Energy Future Rayola Dougher, API Senior Economic Advisor, dougherr@api.org U.S. oil and natural gas production is increasing as a result of technological

More information

Upstream /15/2009. Industry Outlook - Oil & Gas Demand/Supply. Required New Production. Production MOEBD. Frédéric Guinot.

Upstream /15/2009. Industry Outlook - Oil & Gas Demand/Supply. Required New Production. Production MOEBD. Frédéric Guinot. Oil and Gas Industry Upstream 29 Frédéric Guinot Swiss Section The Challenge MOEBD Industry Outlook - Oil & Gas Demand/Supply 2 World Demand 16 175 12 8 9 12 Required New Production Equal to Today s Production

More information

World Energy Outlook 2009 Key results and messages of the 450 Scenario

World Energy Outlook 2009 Key results and messages of the 450 Scenario World Energy Outlook 29 Key results and messages of the 45 Scenario Marco Baroni Office of the Chief Economist International Energy Workshop Stockholm, 22 June 21 Mtoe World primary energy demand by fuel

More information

Global Energy Challenges and Opportuni6es Columbia University Center on Global Energy Policy

Global Energy Challenges and Opportuni6es Columbia University Center on Global Energy Policy Global Energy Challenges and Opportuni6es Columbia University Center on Global Energy Policy Carlos Pascual Special Envoy and Coordinator for Interna7onal Energy Affairs U.S. Department of State September

More information

2018 oil price forecast: who predicts best? Information document

2018 oil price forecast: who predicts best? Information document 2018 oil price forecast: who predicts best? Information document Amsterdam, March 2018 Since 2007, Roland Berger has published an annual review of available oil price forecasts Roland Berger study of oil

More information

The Outlook for Energy: A View to 2040

The Outlook for Energy: A View to 2040 The Outlook for Energy: A View to 2040 Rob Gardner March 2014 This presentation includes forward looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply)

More information

2017 Outlook for Energy: A View to 2040

2017 Outlook for Energy: A View to 2040 217 Outlook for Energy: A View to 24 Todd Onderdonk October 16, 217 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through

More information

Canada s Oil Sands. Energy Security. Environmental Sustainability. Economic Growth and Jobs. Shifting Supply and Demand

Canada s Oil Sands. Energy Security. Environmental Sustainability. Economic Growth and Jobs. Shifting Supply and Demand Canada s Oil Sands Canada s Oil Sands Energy Security Shifting Supply and Demand the world is counting on Canada s oil Access to existing and new markets Environmental Sustainability Greenhouse gas emissions

More information

World Energy Outlook Dr. Fatih Birol IEA Chief Economist 24 November 2010

World Energy Outlook Dr. Fatih Birol IEA Chief Economist 24 November 2010 World Energy Outlook 2010 Dr. Fatih Birol IEA Chief Economist 24 November 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears to be over but is the recovery

More information

World Energy Outlook 2010

World Energy Outlook 2010 World Energy Outlook 2010 Nobuo Tanaka Executive Director International Energy Agency Cancun, 7 December 2010, IEA day The context: A time of unprecedented uncertainty The worst of the global economic

More information

Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances. Background Paper

Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances. Background Paper India New Delhi Plenary Session 1: Global Shifts: The Future of Energy Security: Finding New Balances Background Paper Disclaimer The observations presented herein are meant as background for the dialogue

More information

Fossil Fuel Emissions Information. Fossil Fuel Combustion and the Economics of Energy

Fossil Fuel Emissions Information. Fossil Fuel Combustion and the Economics of Energy Fossil Fuel Emissions Information Fossil Fuel Combustion and the Economics of Energy For more information, please see the emissions readings on the AT76 web site Tabulations of emissions by country: Distribution

More information

The Market in The International Oil Market. The Market in The Market today. A paradigm shift

The Market in The International Oil Market. The Market in The Market today. A paradigm shift The Market in 2004 The International Oil Market A paradigm shift Presentation by Anthony D Owen Reserve Bank of Australia, 10 May 2006 Surplus production capacity dropped sharply as a result of a sharp

More information

INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS

INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS INTERNATIONAL ENERGY AGENCY WORLD ENERGY INVESTMENT OUTLOOK 2003 INSIGHTS Global Strategic Challenges Security of energy supplies Threat of environmental damage caused by energy use Uneven access of the

More information

BP Energy Outlook 2016 edition

BP Energy Outlook 2016 edition BP Energy Outlook 216 edition Mark Finley 14th February 216 Outlook to 235 bp.com/energyoutlook #BPstats Economic backdrop Trillion, $21 25 Other 2 India Africa 15 China 1 OECD 5 OECD 1965 2 235 GDP 2

More information

17 th February 2015 BP Energy Outlook bp.com/energyoutlook #BPstats BP p.l.c. 2015

17 th February 2015 BP Energy Outlook bp.com/energyoutlook #BPstats BP p.l.c. 2015 17 th February 215 BP bp.com/energyoutlook #BPstats Economic backdrop GDP Trillion, $211 PPP 24 Other Non-OECD Asia 18 OECD Contribution to GDP growth Trillion $211 PPP, 213-35 9 Population Income per

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 Somnath Sinha May 12, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24

More information

Energy Statistics: Making the Numbers Count

Energy Statistics: Making the Numbers Count Energy Statistics: Making the Numbers Count IFEG Autumn Seminar, 5 th November 29 Paul Appleby, BP Group Economics Team Working with Energy Statistics The key challenges. Finding relevant & reliable data

More information

World Oil Demand: Key Trends and Uncertainties

World Oil Demand: Key Trends and Uncertainties World Oil Demand: Key Trends and Uncertainties Nicola Pochettino Senior Energy Analyst International Energy Agency World Primary Energy Demand 7 000 6 000 Oil Mtoe 5 000 4 000 3 000 Natural gas Coal 2

More information

Milken Institute: Center for Accelerating Energy Solutions

Milken Institute: Center for Accelerating Energy Solutions Milken Institute: Center for Accelerating Energy Solutions Center for Accelerating Energy Solutions Promotes policy and market mechanisms to build a more stable and sustainable energy future Identifies

More information

Heavy Liquid Hydrocarbons: Their Production and the Resulting CO 2 Footprint

Heavy Liquid Hydrocarbons: Their Production and the Resulting CO 2 Footprint Heavy Liquid Hydrocarbons: Their Production and the Resulting CO 2 Footprint Tony Kovscek Stanford University Energy Resources Engineering email:kovscek@stanford.edu First, a little quiz Where does imported

More information

US Oil and Gas Import Dependence: Department of Energy Projections in 2011

US Oil and Gas Import Dependence: Department of Energy Projections in 2011 1800 K Street, NW Suite 400 Washington, DC 20006 Phone: 1.202.775.3270 Fax: 1.202.775.3199 Email: acordesman@gmail.com Web: www.csis.org/burke/reports US Oil and Gas Import Dependence: Department of Energy

More information

Highlights. Figure 1. World marketed energy consumption, (quadrillion Btu)

Highlights. Figure 1. World marketed energy consumption, (quadrillion Btu) Highlights World marketed energy consumption increases by 49 percent from 27 to 235 in the Reference case. Total energy demand in the non-oecd countries increases by 84 percent, compared with an increase

More information

Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia

Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia Rice World Gas Trade Model: Russian Natural Gas and Northeast Asia Peter Hartley Kenneth B Medlock III James A. Baker III Institute of Public Policy RICE 1 Overview and motivation Worldwide, the demand

More information

Highlights. Figure 1. World Marketed Energy Consumption by Region,

Highlights. Figure 1. World Marketed Energy Consumption by Region, Highlights World energy consumption is projected to increase by 71 percent from 3 to 23. Fossil fuels continue to supply much of the energy used worldwide, and oil remains the dominant energy source. In

More information

Rob Gardner September, 2016

Rob Gardner September, 2016 The Outlook for Energy: A View to 24 Rob Gardner September, 216 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24

More information

Medium Term Energy Market Outlook IEEJ Energy Seminar October 213 Keisuke Sadamori, Director, Energy Markets & Security, IEA Primary Energy Supply from Fossil Fuels Mtoe 5 45 4 35 3 25 2 15 1 5 2 21 22

More information

The Global Energy Scene

The Global Energy Scene IAGC February, 218 Tinker 218 The Global Energy Scene Scott W. Tinker Tinker 218 Population Clean Water Education Healthcare Housing Hunger Climate Immigration Status of Women Unemployment Crime Tinker

More information

The Unconventional Oil and Gas Market Outlook

The Unconventional Oil and Gas Market Outlook The Unconventional Oil and Gas Market Outlook The future of oil sands, shale gas, oil shale and coalbed methane Report Price: $2875 Publication Date: July 2010 E N E R G Y The Unconventional Oil and Gas

More information

Reality Math Dot Sulock, University of North Carolina at Asheville

Reality Math Dot Sulock, University of North Carolina at Asheville Reality Math Dot Sulock, University of North Carolina at Asheville World Oil II 1. US Oil Imports At the time of this graph, the US imported about 60% of its oil. Where we import this oil from is shown

More information

2017 Outlook for Energy: A View to 2040

2017 Outlook for Energy: A View to 2040 217 Outlook for Energy: A View to 24 National Industrial Transportation League William Landuyt Feb 1, 217 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy

More information

COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET

COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET COMPARATIVE ANALYSIS OF MONTHLY REPORTS ON THE OIL MARKET AN INTERNATIONAL ENERGY FORUM PUBLICATION APRIL 2018 RIYADH, SAUDI ARABIA APRIL 2018 SUMMARY FINDINGS FROM A COMPARISON OF DATA AND FORECAST ON

More information

THE OUTLOOK FOR UNCONVENTIONAL FUELS

THE OUTLOOK FOR UNCONVENTIONAL FUELS THE OUTLOOK FOR UNCONVENTIONAL FUELS Roger H. Bezdek, Ph.D. Management Information Services, Inc. rbezdek@misi-net.com Presented at the Conference Integrating Energy Policy and Climate Policy Sponsored

More information

2017 Outlook for Energy: A View to 2040

2017 Outlook for Energy: A View to 2040 217 Outlook for Energy: A View to 24 Bargo Adibhatla May 217 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24 based

More information

Energy markets the short and the long term

Energy markets the short and the long term Energy markets the short and the long term Christof Rühl, Chief Economist, BP BP 2012 Outline The economy A year of disruptions Long term implications Conclusion Global growth: slow and on life support

More information

Unconventional Oil & Gas: Reshaping Energy Markets

Unconventional Oil & Gas: Reshaping Energy Markets Unconventional Oil & Gas: Reshaping Energy Markets Guy Caruso Senior Advisor JOGMEC Seminar 7 February 2013 Landscape is Changing Even as We Sit Here Today - US Projected to reach 90% Energy Self-Sufficiency

More information

European Shale Gas Potential

European Shale Gas Potential European Shale Gas Potential (from WEO2010 and Golden Age of Gas report) Chris Besson International Energy Agency October 2011 OECD/IEA 2010 Shale gas: a working definition Gas found in rock formations

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 24 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 24 based upon internal data

More information

U.S. oil and natural gas outlook

U.S. oil and natural gas outlook U.S. oil and natural gas outlook New York, NY By Adam Sieminski, EIA Administrator U.S. Energy Information Administration Independent Statistics & Analysis www.eia.go v The U.S. has experienced a rapid

More information

The Doha Oil Producers Meeting and Implications

The Doha Oil Producers Meeting and Implications April 20, 2016 Economics The Doha Oil Producers Meeting and Implications Introduction Major oil producing countries, including OPEC and non-opec members, assembled at Doha on 17 th April, 2016 to discuss

More information

2017 Outlook for Energy: A View to 2040

2017 Outlook for Energy: A View to 2040 217 Outlook for Energy: A View to 24 Texas A&M Energy Symposium Som Sinha The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends

More information

Breaking the Cartel. By: Tamie Tran, Jason Shen, Michael Mejia, Ashley. Will Cole, Jennifer Ly

Breaking the Cartel. By: Tamie Tran, Jason Shen, Michael Mejia, Ashley. Will Cole, Jennifer Ly Breaking the Cartel By: Tamie Tran, Jason Shen, Michael Mejia, Ashley. Will Cole, Jennifer Ly How Higher Oil Prices Affect the Global Economy The extent of the effect of a given price increase depends

More information

The Future of Oil. It s a Fossil-Fueled World

The Future of Oil. It s a Fossil-Fueled World The Future of Oil Roland N. Horne Energy Resources Engineering Stanford University 1 It s a Fossil-Fueled World 6% 6% 29% 35% Oil Natural Gas Coal Nuclear Hydroelectric 24% BP Statistical Review 2008 2

More information

Oil and natural gas: market outlook and drivers

Oil and natural gas: market outlook and drivers Oil and natural gas: market outlook and drivers for American Foundry Society May 18, 216 Washington, DC by Howard Gruenspecht, Deputy Administrator U.S. Energy Information Administration Independent Statistics

More information

Energy Availability and the Future of the Fertilizer Industry. Rayola Dougher API Senior Economic Advisor

Energy Availability and the Future of the Fertilizer Industry. Rayola Dougher API Senior Economic Advisor Energy Availability and the Future of the Fertilizer Industry Rayola Dougher API Senior Economic Advisor dougherr@api.org Energy: the engine of our economic growth 1974 1980 1986 1992 1998 2004 2010 2016

More information

Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board

Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board Challenges of Fracking for the MENA Region Martin Bachmann, Member of the Board NUMOV German MENA Conference Berlin, 26 January 2017 Simplified Model of Hydrocarbon Deposits Conventional versus Unconventional

More information

Argus Ethylene Annual 2017

Argus Ethylene Annual 2017 Argus Ethylene Annual 2017 Market Reporting Petrochemicals illuminating the markets Consulting Events Argus Ethylene Annual 2017 Summary Progress to the next peak of the economic cycle, now expected by

More information

2017 oil price forecast: who predicts best? Information document

2017 oil price forecast: who predicts best? Information document 2017 oil price forecast: who predicts best? Information document March 2017 Since 2007, Roland Berger has published a yearly overview of available oil price forecasts Roland Berger study of oil price forecasts,

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 2040 Ken Golden February 3, 2016 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through

More information

OIL MARKET DEVELOPMENTS & BREXIT

OIL MARKET DEVELOPMENTS & BREXIT OIL MARKET DEVELOPMENTS & BREXIT London Thursday 22 nd September 2016 Oil Markets: Where Next? Christof Rühl Global Head of Research Content Oil and the economy: Recap Why did lower oil prices not support

More information

International Energy Forum Global Energy Dialogue

International Energy Forum Global Energy Dialogue Noé van Hulst Secretary General International Energy Forum Outline Main Global Energy Trends Key Global Energy Challenges IEF Role in Energy Dialogue Main Global Energy Trends World Energy Demand Grows

More information

Energy in 2011 disruption and continuity

Energy in 2011 disruption and continuity June 212 bp.com/statisticalreview Energy in 211 disruption and continuity Richard de Caux, Refining Analyst, Group Economics Outline A year of disruptions Energy and the economy Fuel by fuel Concluding

More information

Presentation. at the. Bank of Canada. Ottawa, 21 July Antoine Halff

Presentation. at the. Bank of Canada. Ottawa, 21 July Antoine Halff Presentation at the Bank of Canada Ottawa, 21 July 2014 Antoine Halff The oil market at a junction Balances loosen up on paper but must be seen in perspective The unconventional supply revolution enters

More information

UNECE Expert Group on Resource Classification April, 2016

UNECE Expert Group on Resource Classification April, 2016 UNECE Expert Group on Resource Classification April, 216 Scott W. Tinker Bureau of Economic Geology University of Texas at Austin Framing Conundrum Many people do not know how electricity is made or where

More information

BP Energy Outlook 2017 edition

BP Energy Outlook 2017 edition BP Energy Outlook 217 edition Margaret Chen Head of China Economist bp.com/energyoutlook #BPstats Economic backdrop Contributions to GDP growth by factor Contributions to GDP growth by region % per annum

More information

Energy in 2011 disruption and continuity

Energy in 2011 disruption and continuity June 212 bp.com/statisticalreview Energy in 211 disruption and continuity Paul Appleby, Head of Energy Economics Outline A year of disruptions Energy and the economy Fuel by fuel Concluding remarks Energy

More information

The Energy Challenge

The Energy Challenge The Energy Challenge Joan F. Brennecke Dept. of Chemical and Biomolecular Engineering Director, Notre Dame Energy Center Siemens Westinghouse Science and Technology Competition November 12, 2005 ENERGY

More information

Energy Challenges of Our Time. Dr. Fatih BIROL IEA Chief Economist

Energy Challenges of Our Time. Dr. Fatih BIROL IEA Chief Economist Energy Challenges of Our Time Dr. Fatih BIROL IEA Chief Economist The context: fresh challenges add to already worrying trends Economic concerns have diverted attention from energy policy and limited the

More information

Bentonite supply and demand in drilling. Suzanne Shaw Senior Analyst Roskill Information Services

Bentonite supply and demand in drilling. Suzanne Shaw Senior Analyst Roskill Information Services Bentonite supply and demand in drilling Suzanne Shaw Senior Analyst Roskill Information Services Summary Overview of global bentonite supply and demand Bentonite supply and demand in drilling mud The role

More information

World Energy Outlook 2010 Renewables in MENA. Maria Argiri Office of the Chief Economist 15 December 2010

World Energy Outlook 2010 Renewables in MENA. Maria Argiri Office of the Chief Economist 15 December 2010 World Energy Outlook 2010 Renewables in MENA Maria Argiri Office of the Chief Economist 15 December 2010 The context: a time of unprecedented uncertainty The worst of the global economic crisis appears

More information

Natural Gas Facts & Figures. New Approach & Proposal

Natural Gas Facts & Figures. New Approach & Proposal Natural Gas Facts & Figures New Approach & Proposal 1. Production and reserves Sources : Total G&P, WOC1, IEA, IHS Cera, Resources- Reserves o Conventional o Unconventional : types and reserves Countries,

More information

The World Commodities Market 2010

The World Commodities Market 2010 The World Commodities Market 2010 A Super Cycle: Why Today and Where Tomorrow? F. Gerard Adams University of Pennsylvania (3.11.2010) Do really believe we have enough data to make a decision? Commodity

More information

International Energy Outlook 2017

International Energy Outlook 2017 International Energy Outlook 217 September 14, 217 Table of contents Page Overview 3 Petroleum and other liquids 31 Natural gas 47 Coal 61 Electricity 75 Buildings 91 Industrial 15 Transportation 117 Energy-related

More information

IEEJ 2019, All rights reserved

IEEJ 2019, All rights reserved 1 Advanced Technologies Scenario Coal declines while oil hits peak in 2030 2 6 5 4 3 2 1 Gtoe Primary energy demand (Solid lines: Advanced Technologies, dashed lines: Reference) Oil Coal Natural gas Renewables

More information

World Energy Outlook 2035: A focus on LNG supply and demand dynamics

World Energy Outlook 2035: A focus on LNG supply and demand dynamics World Energy Outlook 2035: A focus on LNG supply and demand dynamics M.H. Siddiqui, Prescience, USA 1 Agenda The Energy Outlook in 2035 involving major landscape changes in supply, demand, fossil fuels,

More information

ENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1391 CHAPTER

ENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1391 CHAPTER ECONOMIC REPORT AND BALANCE SHEET 39 CHAPTER 3 I n 202 and the first quarter of 203, international crude oil prices followed a fluctuating trend. A host of factors were responsible for the fluctuations

More information

Energy Perspectives 2013 Long-run macro and market outlook

Energy Perspectives 2013 Long-run macro and market outlook Energy Perspectives 213 Long-run macro and market outlook Presentation for Nätverket Olja & Gas 9 September 213 Security Eirik Wærness, Chief Economist Classificati on: Internal - Status: Energy Perspectives

More information

World primary energy demand in the Reference Scenario: an unsustainable path

World primary energy demand in the Reference Scenario: an unsustainable path OECD/IEA OECD/IEA - 2008-2008 The context Soaring energy prices to mid-2008, followed by a drop what will it mean for demand? How will the financial crisis & economic slowdown affect energy demand & investment?

More information

John Crane New York June 28,

John Crane New York June 28, John Crane New York June 28, 2011 www.smiths-medical.com John Crane Investor Day, 2011 by New Smiths York Medical: June Proprietary 2011 Data 1 This document contains certain statements that are forward-looking

More information

ENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1395 CHAPTER

ENERGY OPEC ECONOMIC REPORT AND BALANCE SHEET 1395 CHAPTER ECONOMIC REPORT AND BALANCE SHEET 395 CHAPTER 3 C rude oil prices followed a fluctuating trend in the international market in 206, bringing the total average price of each barrel to less than 205 levels.

More information

Powering Asia: The Role of Gas Address to the Melbourne Mining Club David Knox, Chief Executive, Santos. 4 February 2010

Powering Asia: The Role of Gas Address to the Melbourne Mining Club David Knox, Chief Executive, Santos. 4 February 2010 1 Powering Asia: The Role of Gas Address to the Melbourne Mining Club David Knox, Chief Executive, Santos 2 4 February 21 Asia is the Engine of Energy Growth Billions of People 1 9 8 7 6 5 4 3 2 1 World

More information

Som Sinha Outlook for Energy: A View to 2040

Som Sinha Outlook for Energy: A View to 2040 2018 Outlook for Energy: A View to 2040 The Outlook for Energy includes Exxon Mobil Corporation s internal estimates and forecasts of energy demand, supply, and trends through 2040 based upon internal

More information

Global Strategic Energy Challenges

Global Strategic Energy Challenges WORLD ENERGY INVESTMENT OUTLOOK Global Strategic Energy Challenges Dr. Fatih Birol Chief Economist Head, Economic Analysis Division International Energy Agency INTERNATIONAL ENERGY AGENCY US DOE US DOE

More information

Chapter 17: Energy efficiency and renewable energy

Chapter 17: Energy efficiency and renewable energy Unit 6: Energy Resources Chapter16: Nonrenewable energy Chapter 17: Energy efficiency and renewable energy Chapter16: Nonrenewable Energy What is nonrenewable energy? "Oil is used to grow most of our food,

More information

One Year Later. An update presented to the National Petroleum Council. September 17, 2008 NPC. Global Oil and Gas Study

One Year Later. An update presented to the National Petroleum Council. September 17, 2008 NPC. Global Oil and Gas Study One Year Later An update presented to the National Petroleum Council September 17, 2008 1 The 2007 Study Questions What does the future hold for global oil and natural gas supply? Can incremental oil and

More information

Global Supply and Shale in 2019 and Beyond

Global Supply and Shale in 2019 and Beyond Global Supply and Shale in 219 and Beyond Stephen G. Beck Senior Director, Upstream Gulf Downstream Association December 1, 218 www.stratasadvisors.com UPSTREAM MIDSTREAM DOWNSTREAM FUEL & TRANSPORT Crude

More information

THE MEDIUM TERM SURGE IN US OIL SUPPLY: A GAME CHANGER

THE MEDIUM TERM SURGE IN US OIL SUPPLY: A GAME CHANGER THE MEDIUM TERM SURGE IN OIL SUPPLY: A GAME CHANGER 9 THE WORLD IS EXPECTED TO EXPERIENCE AN OIL SUPPLY GLUT UNTIL, with the largest suppliers being and the In its short term outlook, the Energy Information

More information

The Outlook for Energy

The Outlook for Energy The Outlook for Energy a view to 23 David Reed November 21 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply)

More information