The document contains an economic impact study from Penn State economists on the Marcellus Shale that found:
- In 2010, $8 billion annual impact and 107,000 jobs, with $900 million in state and local tax revenue.
- By 2020, $14 billion annual impact and 175,000 jobs, with $1.4 billion in state and local tax revenue.
- 30% of tax revenue remains local.
Energizing America: Facts for Addressing Energy Policy
Ports-to-Plains Energy Summit
Omni Interlocken Resort
Broomfield, CO
April 7, 2011
Lunch Keynote
John Felmy, Chief Economist, American Petroleum Institute
Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists 6 2 08Jim Butler
Hotel Lawyer in NY. We cover many topics at wwwHotelLawBlog.com, but ne of the things that has fascinated me about the hospitality industry for more than 20 years now, is the close -- almost intimate -- relationship of industry performance to the U.S. economy's performance. Some might say this is intuitive, that when the economy does well, all business does well. But that is not always true. There are some businesses which do better in hard times, like discount and bargain stores, and there are some that seem impervious, like ultra luxury goods. However the relationship of the lodging industry's performance to the general economy, has been carefully documented by the experts, and it is worth noting. The implications are interesting.
Here is the presentation made at the NYU Hotel Investment Conference on June 2, 2008, along with his other panelists about the current state of our domestic and global economy, along with implications for the hospitality industry.
Energizing America: Facts for Addressing Energy Policy
Ports-to-Plains Energy Summit
Omni Interlocken Resort
Broomfield, CO
April 7, 2011
Lunch Keynote
John Felmy, Chief Economist, American Petroleum Institute
Hospitality Lawyer with pearls from NYU - Bjorn Hanson & Economists 6 2 08Jim Butler
Hotel Lawyer in NY. We cover many topics at wwwHotelLawBlog.com, but ne of the things that has fascinated me about the hospitality industry for more than 20 years now, is the close -- almost intimate -- relationship of industry performance to the U.S. economy's performance. Some might say this is intuitive, that when the economy does well, all business does well. But that is not always true. There are some businesses which do better in hard times, like discount and bargain stores, and there are some that seem impervious, like ultra luxury goods. However the relationship of the lodging industry's performance to the general economy, has been carefully documented by the experts, and it is worth noting. The implications are interesting.
Here is the presentation made at the NYU Hotel Investment Conference on June 2, 2008, along with his other panelists about the current state of our domestic and global economy, along with implications for the hospitality industry.
[Infográfico - Dezembro de 2014] Brasil: Mecanismos de busca, navegadores, Si...AT Internet
[Infográfico - Dezembro de 2014] Brasil: Mecanismos de busca, Navegadores, Sistemas Operacionais - O que os internautas brasileiros estão preferindo usar?
Ports-to-Plains Energy Summit
Omni Interlocken Resort
Broomfield, CO
April 7, 2011
Lunch Keynote
John Felmy, Chief Economist, American Petroleum Institute
[Infográfico - Dezembro de 2014] Brasil: Mecanismos de busca, navegadores, Si...AT Internet
[Infográfico - Dezembro de 2014] Brasil: Mecanismos de busca, Navegadores, Sistemas Operacionais - O que os internautas brasileiros estão preferindo usar?
Ports-to-Plains Energy Summit
Omni Interlocken Resort
Broomfield, CO
April 7, 2011
Lunch Keynote
John Felmy, Chief Economist, American Petroleum Institute
Palm Springs Area Listings Sold By Calendar Quarter (Through March 2010)SDM: Music Venture
Nine quarters of Palm Springs area sales activity through first quarter 2010.
(Charts provided by Real Data Strategies through the California Desert Association of Realtors.
20. Economic Impact Study
Marcellus Shale report from economists and
industry experts at Penn State
2010
• $8 billion annual impact and
107,000 jobs
•$900 million in state/local
tax revenue*
2020
•$14 billion annual impact
and 175,000 jobs
•$1.4 billion state/local tax
revenue
*30 percent tax revenue remains local
25. World liquid fuels consumption is projected to
increase by 1.5 million bbl/d in 2010
million barrels per day million barrels per day
95 5.5
Forecast
90 Total consumption
85 4.5
80 3.5
75
70 2.5
Annual growth
65
1.5
60
55 0.5
50
45 -0.5
40 -1.5
35
30 -2.5
2003 2004 2005 2006 2007 2008 2009 2010
China United States Other
26. Oil prices relate to many uncertain factors
Non-OPEC supply
growth Inventories
OPEC production Global economic
decisions growth
Global
Spare production
Oil Prices Speculation, hedging,
capacity investment
Exchange rates and
Geo-political risks
Inflation
Weather
39. 2008 2035 %Change
Consumption Quads % Share Quads % Share
Liquid Fuels and Other Petroleum 38.35 38.3% 42.02 36.7% 9.6%
Oil 37.40 37.4% 38.10 33.3% 1.9%
Ethanol, Biodiesel and Green Liquids 0.95 0.9% 3.92 3.4% 312.6%
Natural Gas 23.91 23.9% 25.56 22.3% 6.9%
Coal 22.41 22.4% 25.11 21.9% 12.0%
Nuclear Power 8.46 8.5% 9.41 8.2% 11.2%
Hydropower 2.46 2.5% 2.99 2.6% 21.5%
Biomass & Renewables 4.27 4.3% 9.19 8.0% 115.2%
Other* 0.24 0.2% 0.22 0.2%
Total 100.09 100.0% 114.51 100.0% 14.4%
Oil and Natural Gas 61.31 61.3% 63.66 55.6% 3.8%
Oil, Natural Gas and Coal 83.72 83.6% 88.77 77.5% 6.0%
40.
41.
42.
43. Carbon Emissions Per Capita Assuming Waxman-Markey Targets Are
Met
Metric Tons of CO2 Per Capita
Targeted
Reductions
Source: Garrett A. Vaughn, “How Much Will Americans Pay to Meet President Obama’s Timetable
for Cutting Greenhouse Gas Emissions?” Manufacturers Alliance/MAPI, ER-676, April 2009.