This presentation takes a look at energy market for December 2017 including looking at both the near and long-term issues facing the energy market.

1. ENERGY MARKET -
OIL - DECEMBER
2017
BY: PAUL YOUNG CPA, CGA
DATE: JANUARY 8, 2017

2. INTRODUCTION
• This presentation takes a look at energy market for December 2017 including looking
at both the near and long-term issues facing the energy market.

3. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

4. AGENDA
• Oil Rigs % Change –vs- Oil Price % change
• Kinder Morgan / Canada
• Petrol dollar
• OPEC and Russia Production
• USA and Oil Exports
• Canada and Oil Exports
• Global Oil Production

5. OIL RIGS % CHANGE –VS- OIL PRICE CHANGE
%
Source – Baker Hughes and BMO

6. KINDER MORGAN / CANADA
Source - https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/kinder-morgan-
sells-shares-to-help-fund-trans-mountain-pipeline-plan/article37226906/
Kinder Morgan Canada Ltd. is selling $200-million in shares even as the company dials
back spending and warns of additional delays to its marquee Trans Mountain pipeline
expansion.
The unit of Houston-based Kinder Morgan Inc. said Wednesday that it is selling eight
million preferred units at $25 each in a bought deal to major banks, with proceeds
earmarked to help finance the $7.4-billion pipeline expansion to Canada's West Coast.
The offering comes despite warnings the 590,000-barrel-a-day expansion project could
see oil shipments commence nine months later than originally planned. This week, the
company said delays could extend beyond September, 2020, further driving up costs.

7. PETROL DOLLAR
Source - https://www.rt.com/business/410056-saudi-arabia-petrodollar-economist/

8. OPEC AND RUSSIA PRODUCTION
Source - https://www.cnbc.com/2017/11/30/opec-and-russia-reportedly-agree-to-extend-oil-cut-to-end-of-2018.html

9. OIL EXPORTS AND USA
Source - https://www.theguardian.com/business/2017/nov/14/us-net-oil-exporter-iea-international-energy-agency

10. CANADA AND OIL EXPORTS
Source - http://business.financialpost.com/commodities/energy/b-c-is-now-the-worst-destination-in-canada-for-oil-and-gas-investors-and-among-the-worst-in-the-world-survey

11. GLOBAL OIL PRODUCTION
Source - https://www.reuters.com/article/us-oil-iea-birol/u-s-to-account-for-most-world-oil-output-growth-over-10-years-iea-idUSKBN1DG1XP
The United States is expected to account for more than 80 percent of global oil production
growth in the next 10 years and it will produce 30 percent more gas than Russia by that time,
he International Energy Agency (IEA) said on Thursday.
“This has implications on the oil markets, prices, trade flows, investment trends and the
geopolitics of energy,” IEA head Fatih Birol said at a U.N. climate conference in Bonn.
He said the United States, whose upstream energy industry has seen a resurgence with the
development of fracking technology, would become the “undisputed leader of oil and gas
production worldwide.”
On the broader market, he said the IEA expected oil markets to rebalance in 2018 if oil demand
remained “more or less” as robust as it was now and if the Organization of the Petroleum
Exporting Countries and its allies extended output cuts.
OPEC and other producers are expected to extend production cuts beyond a March deadline in
a bid to cut oversupply.
The Paris-based IEA cut its oil demand forecast in its latest monthly report by 100,000 barrels
per day (bpd) for this year and next, to an estimated 1.5 million bpd and 1.3 million bpd,
respectively.

12. TRUMP AND OIL LEASES
Source - http://www.latimes.com/nation/la-na-oil-gas-lease-public-land-2018-story.html