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Institute for 21st Century Energy

U.S. Chamber Harbert Karen A. of Commerce


President and CEO Institute for 21st Century Energy U.S. Chamber of Commerce

The New Energy Reality


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Energy Security is central to our national and economic security

Demand to increase 49% by 2035 90% in non-OECD countries Electricity demand to increase 76% 1.6 billion people without electricity $26 trillion of new investment by 2030 to meet rising demand 90% worlds oil reserves owned by national oil companies

An Inconvenient Energy Truth


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Global Energy Demand To Grow 49% byEnergyDemandbyRegion:2007&2035 Global 2035


200 175 150

u t 125 B n o i l 100 l i r d a 75 u Q
50 25 0

What is the energy outlook in 2030?

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World oil production by source


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mb/d

120 100 80 60 40 20 0 1990

Natural gas liquids Non-conventional oil Crude oil - yet to be developed (inc. EOR) or found Crude oil - currently producing fields

2000

2010

2020

2030

64 mb/d of gross capacity needs to be installed between 2007 & 2030 six times the current capacity of Saudi Arabia to meet demand growth & offset decline
Source: IEA 2008

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Who are the players?

Whats happening in the U.S.?


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Future of expanded oil and gas exploration? Long line of applicants at NRC New coal fired power plants stalled Impact of new natural gas finds Prospects for renewables People power? BANANA Syndrome UNPREDICTABLE INVESTMENT

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Regional Differences

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As much a Regional Issue as a Partisan Issue: Regional Breakdown of Vote

States whose delegations opposed H.R. 2454 States whose delegations supported H.R. 2454

Source: Based on roll call vote of H.R. 2454.

Regional Differences: Coal

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November 1, 2010

U.S. Chamber of Commerce Political Affairs and Federation Relations

November 3, 2010

U.S. Chamber of Commerce Political Affairs and Federation Relations

Energy Action Priority for Voting Public

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Source: Pew Research Center (January 25, 2010)

U.S. Strategy-More Realism


Maximize Americas Own Energy Resources Make New and Clean Energy Technologies More Affordable

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Eliminate Regulatory Barriers Derailing Energy Projects Do Not Put Americas Existing Energy Sources Out of Business Encourage Free and Fair Trade of Energy Resources and Technologies

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Road Ahead: Clouds on the Horizon


HAVE: Gap between Public and Policymakers NEED: Transparent dialogue on costs and benefits of proposed policies DONT KNOW: Role of private sector vs. public sector IN JEOPARDY: Americas investment climate and competitiveness

ENERGYXXI.ORG

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