presentation to the chamber of commerce committee of 100, march 2012
TRANSCRIPT
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8/2/2019 Presentation to the Chamber of Commerce Committee of 100, March 2012
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Institute for 21st Century EnerU.S. Chamber of Commerce
Karen A. HarbertPresident and CEO
Institute for 21st Century EnergyU.S. Chamber of Commerce
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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
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U. S. C h a m b e r o f C o m
An Inconvenient Energy Truth
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25
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75
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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
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U. S. C h a m b e r o f C o m
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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
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U. S. C h a m b e r o f C o m
Rhetoric vs. Reality
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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
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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
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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
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U. S. C h a m b e r o f C o m
Keystone XL Pipeline proposal
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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
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U. S. C h a m b e r o f C o m
Coal on the Rise
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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 -
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U. S. C h a m b e r o f C o m
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U. S. C h a m b e r o f C o m
Wheres public opinion?
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U. S. C h a m b e r o f C o m
Energy on the table in the Tax Debate
$ 18 billion
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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