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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
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u t 125 B n o i l 100 l i r d a 75 u Q
50 25 0
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mb/d
Natural gas liquids Non-conventional oil Crude oil - yet to be developed (inc. EOR) or found Crude oil - currently producing fields
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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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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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States whose delegations opposed H.R. 2454 States whose delegations supported H.R. 2454
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November 1, 2010
November 3, 2010
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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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