U.S. Russia Business Council 18 th Annual Meeting October 21, 2010 San Francisco Panel Discussion on...
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U.S. Russia Business Council 18 th Annual Meeting October 21, 2010 San Francisco Panel Discussion on The High‐Tech Dimensions of Energy Lucian Pugliaresi
U.S. Russia Business Council 18 th Annual Meeting October 21,
2010 San Francisco Panel Discussion on The HighTech Dimensions of
Energy Lucian Pugliaresi Energy Policy Research Foundation, Inc
Energy Policy Research Foundation, Inc. | 1031 31st St, NW
Washington, DC 20007 | 202.944.3339 | www.eprinc.org
Slide 2
2 World to Face Large Scale Shortages in Refining Capacity No
Major Large Scale Additions Likely in Petroleum Reserves (peak oil)
prices will rise to well over $100/bbl. U.S. to Face Natural Gas
Shortages Massive Commitment to Domestic LNG Receiving Facilities
Latin America has been Fully Explored Conventional Wisdom -- Just 5
Short Years Ago
Slide 3
Energy Policy Research Foundation, Inc. | 1031 31st St, NW
Washington, DC 20007 | 202.944.3339 | www.eprinc.org
Slide 4
Source: U.S. Energy Information Administration Energy Policy
Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 |
202.944.3339 | www.eprinc.org
Slide 5
Slide 6
World LNG and Unconventional Gas Production 6Energy Policy
Research Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 |
202.944.3339 | www.eprinc.org
Slide 7
U.S. Proven Gas Reserves Since 1980 7Energy Policy Research
Foundation, Inc. | 1031 31st St, NW Washington, DC 20007 |
202.944.3339 | www.eprinc.org
Slide 8
8 The Peak Oil Problem: How Serious?
Slide 9
9 Permian Basin Testing Hubbard-Method Predictions for Reserves
and Production (Billions of Barrels) Cumulative Discoveries 17.6
27.9 35.2 Percent Attributable to 1950 85%86%84% Cumulative
production as of 19-27.528.5-30.535.8-37.5 Year 2000 production
projected in: (mb/d) 162-479 326-479 910(actual) 1964 1982 2000
Source: EPRINC, October 2006. Does the Hubbard Method Provide a
Reliable Means for Predicting Future Oil Production, Richard
Nehring, October 2006, Energy Policy Research Foundation, Inc. |
1031 31st St, NW Washington, DC 20007 | 202.944.3339 |
www.eprinc.org