energizing america: facts for addressing energy policy
Post on 14-Jan-2015
707 Views
Preview:
DESCRIPTION
TRANSCRIPT
$0.50
$1.50
$2.50
$3.50
$4.50
Mar '05 Mar '06 Mar '07 Mar '08 Mar '09 Mar '10 Mar '11
pric
e pe
r ga
llon
4/6/2011Diesel (AAA) $4.02Gasoline (AAA) $3.73Crude Oil (NYMEX) $2.59
Diesel, Gasoline and Crude Prices
Source: NYMEX (WTI crude oil) and AAA (gasoline and diesel)
8/262.682
4/63.725
+104.3
8/241.7055$71.638/25cbot
$1.829
2.5912+88.57$108.83
1.000
1.500
2.000
2.500
3.000
3.500
4.000
8/1/2010 9/1/2010 10/1/2010 11/1/2010 12/1/2010 1/1/2011 2/1/2011 3/1/2011 4/1/2011
Gasoline and Crude Oil PricesAAA, NYMEX
7/17/084.114
12/29/081.616
1/20/091.848
3.725+187.7
7/14/083.4567145.18
12/19/080.8064$33.87
1/20/090.9224$38.74$1.612
2.5912+166.88$108.83
0.700
1.200
1.700
2.200
2.700
3.200
3.700
4.200
4.700
1/9/
2008
2/9/
2008
3/9/
2008
4/9/
2008
5/9/
2008
6/9/
2008
7/9/
2008
8/9/
2008
9/9/
2008
10/9
/200
811
/9/2
008
12/9
/200
81/
9/20
092/
9/20
093/
9/20
094/
9/20
095/
9/20
096/
9/20
097/
9/20
098/
9/20
099/
9/20
0910
/9/2
009
11/9
/200
912
/9/2
009
1/9/
2010
2/9/
2010
3/9/
2010
4/9/
2010
5/9/
2010
6/9/
2010
7/9/
2010
8/9/
2010
9/9/
2010
10/9
/201
011
/9/2
010
12/9
/201
01/
9/20
112/
9/20
113/
9/20
11
Gasoline and Crude Oil PricesAAA, NYMEX
Oil prices relate to many uncertain factors
Speculation, hedging, investment
Global economic growth
OPEC production decisions
Exchange rates and Inflation
Spare production capacity
Global Oil Prices
Non-OPEC supply growth Inventories
Geo-political risks
Weather
This image cannot currently be displayed.
86.7
86.1
85.0
87.9
89.4
82
83
84
85
86
87
88
89
90
2007 2008 2009 2010 2011
World Oil DemandIEA - MMBD
2.0%
0.4%
4.3%
2.2%
7.7%
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Total Gasoline Diesel Jet Fuel Residual
Change in U.S. Petroleum Demand 2010 vs 2009
World Liquid Fuels Consumption
EIA, Short-Term Energy Outlook, March 2011
OPEC Surplus Crude Oil Production Capacity
EIA, Short-Term Energy Outlook, March 2011
Source: EIA, Short-Term Energy Outlook, March 2011
2009 2010 2011 2012 09-10 10-11 11-12WTI Crudea
($/barrel) 61.65 79.4 101.77 104.75 28.8 28.2 2.9Gasolineb
($/gal) 2.35 2.78 3.56 3.57 18.4 27.9 0.5Dieselc
($/gal) 2.46 2.99 3.81 3.82 21.5 27.4 0.2
Heating Oild ($/gal) 2.52 2.97 3.7 3.9 17.7 24.6 5.3Natural Gasd
($/mcf) 12.12 11.18 11.2 11.92 -7.8 0.2 6.4
Electricityd
(cents/kwh) 11.55 11.58 11.69 11.74 0.2 1 0.5
Percent Change
a West Texas Intermediate. b Average regular pump price.c On-highw ay retail. d U.S. Residential average.
72
Percent of Source
Percent of Sector
94Petroleum35.3
Petroleum35.3
Natural Gas23.4
Coal19.7Coal19.7
RenewableEnergy
7.7
NuclearElectric Power
8.3
Transportation27.0
Industrial18.8
Residential, Commercial
10.6
ElectricPower38.3
100 22
37.4%37.4%
24.8%
20.9%20.9%
8.2%
8.8%
Quadrillion BTUs Quadrillion BTUs
28.5%
19.9%
11.1%
40.4%
Percent Percent
72 94Petroleum35.3 Transportation
27.0
Industrial18.8
Residential, Commercial
10.6
ElectricPower38.3
Percent of Source
Percent of Sector
EIA: Annual Energy Review 2009
28.5%
19.9%
11.1%
40.4%
37.4%37.4%
Percent PercentQuadrillion BTUs Quadrillion BTUs
72
Percent of Source
Percent of Sector
94Petroleum35.3
Petroleum35.3
Natural Gas23.4
Coal19.7Coal19.7
RenewableEnergy
7.7
NuclearElectric Power
8.3
Transportation27.0
28.5%37.4%37.4%
24.8%
20.9%20.9%
8.2%
8.8%
Percent PercentQuadrillion BTUs Quadrillion BTUs
72
Percent of Source
Percent of Sector
94Petroleum35.3
Petroleum35.3
Natural Gas23.4
Coal19.7Coal19.7
RenewableEnergy
7.7
NuclearElectric Power
8.3
Transportation27.0
Industrial18.8
Residential, Commercial
10.6
ElectricPower38.3
100 22
37.4%37.4%
24.8%
20.9%20.9%
8.2%
8.8%
Quadrillion BTUs Quadrillion BTUsPercent
0.2%
23.6%
36.4%
35.3%
4.5%
Elec. Flow
1.40
10.50
10.70
11.20
12.40
18.20
22.50
0.00 5.00 10.00 15.00 20.00 25.00
Increase G&G Amortization Period
Reinstate Superfund Taxes
Modifications of Dual Capacity Rule
Repeal of Percentage Depletion
Repeal Expensing of Intangible Drilling Costs
Repeal of Sec. 199 for Oil and Natural Gas Companies
Repeal LIFO
Oil and Gas Tax Increases in 2012 BudgetBillion $
Capital Spending
Source: Oil and Gas Journal, March 7, 2011
top related