A PowerPoint summarizing our story on the impact of the recent domestic oil and gas boom on the U.S. economy, and where the country is headed.

2. Presidential Candidate
Opinions
 Both presidential candidates, Mitt Romney and
Barack Obama, have vowed to break the
United States free of foreign oil, offering a
pledge of at least North American “energy
independence” in the next four years.
 No matter who wins the upcoming election in,
the United States is already on course to
derive much of its oil - and all of its natural gas
- from within its own borders, thanks to
technologies allowing energy companies to
harvest fossil fuels from dense rock
formations.

3. But….
 Abundant domestic supplies don’t
guarantee a drop in the overall cost of
energy.
 Oil prices are set based on a world market,
which is subject to a complex mix of factors
outside the control of the United States.
 And even if net U.S. or North American oil
imports plummeted to zero, the United
States would still be connected to that global
market.

4. Foreign Influence
 “So long as you are part of a global oil market,
your economy remains vulnerable to unrest in
that market – even if you are buying oil from
yourself,” said Michael Levi, a senior fellow for
energy and the environment at the Council on
Foreign Relations.
 One example of this, a scenario even
optimistic analysts foresee occurring, is that
OPEC countries could cut their production to
offset any spikes in U.S. oil.
 “There will be times when OPEC may respond and
cut production and that will temporarily pop up the
price again,” said analyst John Freeman, managing
director of Raymond James & Associates.

5. The Two Candidates’ Plans
 Romney unveiled his energy plan last month in
a 21-page exposition that promises “North
American energy independence by 2020.”
 This would be accomplished largely by expanding
offshore drilling, relaxing environmental regulations,
and putting states in control of permitting energy
projects on federal land within their borders.
 Conversely, Obama’s energy approach would
combine support for renewable fuels and
alternative power with domestic oil and gas
production.
 Obama also has broadly touted the promise of newly
available natural gas supplies.

6. What This Means for the U.S.
 Both Obama and Romney have praised
increased energy development as a way to
kickstart the U.S. economy and create
jobs.
 Daniel Ahn, chief commodity economist at
Citi, predicts that new U.S. oil and gas
production could add between $200 billion
and $300 billion in revenues, stimulate
many hundreds of billions more in
economic activity, and create 2 million to
3.5 million new jobs in the next several
years.

7. The Impact of Fracking
 The surge in drilling in North Dakota, Ohio and south
Texas has been made possible by horizontal drilling
and hydraulic fracturing techniques that free natural
gas and oil from dense rock formations.
 The crude extracted from the Bakken formation in
North Dakota, the Eagle Ford shale in Texas and
other unconventional oil plays has enabled the U.S.
to reverse a nearly four-decade-long decline in
domestic production.
 “By opening the door to vast resources of unconventional
liquids, and, of course, natural gas too, the industry has
radically reshaped the trajectory of U.S. oil production,”
said Raymond James Analysts in a report that was the
foundation for much of Romney’s proposal.

8. Where We’re Headed
 Citigroup forecasts that by 2020, the
United States will be producing 15
million barrels per day of liquid fuels, up
from 5.6 million barrels per day last year.
 Raymond James predicts net oil imports
to essentially reach zero by 2020, based
on more biofuel, declines in demand and
boosted domestic crude production.

9. Apache Minerals Inc.
Contact: info@sellmineral.com