Future U.S. Energy Demand

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Future U.S. Energy Demand

• The U.S. will consume 28 percent more oil and 19
  percent more natural gas in 2030 than in 2005.

Quadrillion Btu
Source US DOE
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Future Global Energy Demand

• Global energy demand will increase by more than
  50 percent between now and 2030.

Source IEA
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Technology 3D and 4D Seismic Imaging

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• Precision Drilling A Dramatically Smaller
  Footprint

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Technology Our Industrys Investments
135 Billion
98 billion (73)
89 billion (66)
By Technology
By Investor
32 billion (23)
31 billion (23)
15 billion (11)
5 billion (4)
Oil Gas Companies
Other Private
Federal Government
Frontier Hydrocarbons
EndUse
Non Hydrocarbons
Source IER/CEE
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Forecast of U.S. Energy Growth
31 Growth
(1.1/yr.)
2030 Outlook
2005 Actual
(100 quads)
(131 quads)
Nuclear
Nuclear
8
7
Coal
Oil
Oil
23
40
40
Gas
6
23
Gas
7
21
Renewables
Renewables
Source US DOE
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U.S. Crude Oil Resources(undiscovered
technically recoverable federal resources)
Lower 48, onshore 7 Bbl
Lower 48, onshore 7 Bbl
Atlantic offshore 3.8 Bbl
Pacific offshore 10.5 Bbl
Atlantic offshore 3.8 Bbl
Alaska onshore 18 Bbl Alaska offshore 26.6 Bbl
Gulf offshore/deepwater 44.9 Bbl
112 billion barrels is enough oil to power over
60 million cars for 60 years AND heat over 25
million homes for 60 years.
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U.S. Natural Gas Resources(undiscovered
technically recoverable federal resources)
Lower 48, onshore 167 Tcf
Atlantic offshore 37 Tcf
Pacific offshore 18.3 Tcf
Alaska onshore 69 Tcf Alaska offshore 132 Tcf
Gulf offshore 232.5 Tcf
656 trillion cubic feet is enough natural gas to
heat 60 million homes for 60 years.
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Diversity Participating In Global Energy Markets
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The Myth of Big Oil

• The total amount of proven oil reserves held by
  all investor-owned oil companies (IOCs) is just 6
  percent.
• Almost 80 percent is exclusively controlled by
  foreign national oil companies (NOCs).

J. Robinson West Chairman, PFC Energy 9/21/05