The oil and natural gas industry supports over 9 million American jobs and supplies over 60% of the country's energy needs. In Arkansas specifically, the industry supports 76,500 jobs and contributes $6.5 billion to the state's economy. Future energy demand in the US is projected to increase 20% by 2035, which can be met through increased production of shale gas and oil from Canada. Within 15 years, oil from Canada and the US could meet all of America's liquid fuel needs. Increased production would generate hundreds of billions of dollars in government revenue and over 1 million new jobs by 2030. However, additional taxes on the oil and gas industry proposed by the President could cost the industry over $90 billion annually.
Greetings,
Attached FYI ( NewBase Special 21 October 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• OPEC Is About to Crush the U.S. Oil Boom
• Qatar: Siemens to supply Turbines to Umm Al Houl Power Plant
• UAE: plays critical role in innovating and diversifying energy sources,
• Nigeria to Split Long-Delayed Petroleum Bill to Speed Passage
• Oil prices move higher on weaker dollar, above three-week low
• OPEC Hosts Meeting With Oil Officials From Non-Member States – No cuts
• Climate pledges for COP21 slow energy sector emissions growth dramatically
• Low oil price impact: OFW remittances decline for first time in over a decade
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Uk oil output 50 percent higher by 2018Derek Louden
I thought I'd look at UK Oil Output to see if it is falling as we're being told. What I found was record investment, the highest since the 1970's and output likely to rise by 50% between now and 2018. Ssshhh - don't tell the Scots!
Greetings,
Attached FYI ( NewBase Special 21 October 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• OPEC Is About to Crush the U.S. Oil Boom
• Qatar: Siemens to supply Turbines to Umm Al Houl Power Plant
• UAE: plays critical role in innovating and diversifying energy sources,
• Nigeria to Split Long-Delayed Petroleum Bill to Speed Passage
• Oil prices move higher on weaker dollar, above three-week low
• OPEC Hosts Meeting With Oil Officials From Non-Member States – No cuts
• Climate pledges for COP21 slow energy sector emissions growth dramatically
• Low oil price impact: OFW remittances decline for first time in over a decade
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Uk oil output 50 percent higher by 2018Derek Louden
I thought I'd look at UK Oil Output to see if it is falling as we're being told. What I found was record investment, the highest since the 1970's and output likely to rise by 50% between now and 2018. Ssshhh - don't tell the Scots!
Mercer Capital's Value Focus: Exploration and Production | Q2 2018 | Segment:...Mercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Greetings,
Attached FYI ( NewBase Special 02 June 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• SolarImpulse Safe in NAGOYA - JAPAN
• Oman oil minister says Opec's decision not helping member states
• Egypt signs $2bn exploration deal with Italy's Eni
• Morocco: Pura Vida Energy spuds MZ-1 well, offshore Morocco
• Kazakhstan wants oil majors to develop Caspian Depression
• Tanzania: Swala Energy announces farmout licences to Tata Petrodyne
• Uganda announces London roadshow for First Licensing Round
• The U.S. oil fracker's dilemma: crouch or pounce?
• Oil prices stabilize, firm demand counters oversupply
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy sin
Mercer Capital's Value Focus: Exploration and Production | Q1 2016Mercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Value Focus: Energy Industry | 3Q 2015 | Segment: Explorati...Mercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
New base energy news issue 940 dated 31 october 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 31 October 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE Fuel price floating with oil prices with 5% rise in Nov-16
• Iraq Reveals Oilfields Output to Win Over OPEC Ahead of Meeting
• Japan: INPEX concludes exploration drilling offshore Japan
• Senegal: ConocoPhillips completes sale of exploration blocks
• Low tanker rates are enabling more long-distance crude oil
• Oil falls as non-OPEC yet to pledge concrete output steps
• Non-OPEC yet to pledge concrete oil output steps after meeting OPEC
• Big Oil’s Shrinking Act Has More to Go in China
• GE-Baker Hughes deal could be announced Monday, WSJ reports
• Offshore oil production in deepwater and ultra deepwater is increasing
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base energy news issue 863 dated 01 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 01 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Saudi energy minister shows he takes OPEC seriously
• Libya: Technip awarded major natural gas field development
• India:Westinghouse to get new site for nuclear plant, More plans
• Malaysia:SapuraKencana Petroleum Makes Significant Gas Discoveries
• China’s diesel exports grow, driven by changes in its economy and refining
• Oil prices fall on rising Middle East output, China demand concerns
• Oil Set for Longest Losing Streak in 6 Weeks Before OPEC Meeting
• Is Opec relevant in an oil market of falling prices and overproduction?
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Greetings,
Attached FYI ( NewBase Special 30 November 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE: Emirates Nuclear ENEC ANNOUNCES COMPLETION OF MAJOR CONSTRUCTION MILESTONE
• Senegal: Cairn JV receives presidential decree confirming Senegal PSC extension
• OPEC members Need Price Jump to Balance Budget: OPEC Reality Check
• Oil prices rise slightly, investors eye OPEC meeting
• Gulf Countries is seen unwilling to tighten oil taps alone
• The Russia-Iran-Turkey energy triangle – old enemies locked in a power embrace
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Market Research Report :Oil and Gas Market in China 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Oil and Gas sector in China is expected to witness tremendous growth owing to the robust growth of the economy of China.
The report begins with a detailed overview of the global oil and gas market that includes detailed coverage of global production, consumption and reserves for both oil and gas. This section features a detailed study on the global scenario of the oil and gas production to reserve ratio. It also illustrates the regional split of oil and gas production to reserve ratio. A snapshot of the oil and gas market in China covers the demand, production and consumption levels for both oil and gas. Furthermore, a timeline description of the development of the Chinese oil industry has also been included in this section. This section also incorporates major oil and gas hubs in China.
The report provides detailed information about the exports and imports of oil and gas in China. It provides country-wise import and export for the year 2010 both in terms of value and volume.
Key drivers of the industry explain the factors influencing the growth of the oil and gas market in China in detail. Some of them include untapped potential, rising population and urbanization, growing automobile sector, low penetration, power generation and growth in petrochemical industry. Major challenges that could impede the development and growth of the Chinese oil and gas market include foreign dependence, reduction in CO2 emission and increase in renewable energy mandates.
The government initiatives section includes a detailed description of the development of energy regulatory framework in China covering key steps taken by the government in the 12th five year plan to accelerate the growth of oil and gas market during 2010-15. This section also highlights the key tax and pricing reforms adopted by the government to boost the oil and gas market in China.
Key emerging trends that are of marked importance to the oil and gas market in China include construction and expansion of LNG terminal, construction and upgrading of oil refineries, overseas investments and reliance on unconventional gas.
The competition section outlays the competitive landscape of the oil and gas market in China briefing about the domestic and foreign players existing in the market. This section provides a three dimensional analysis of key players’ total income, profits and market capitalization. The report also features brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance, business highlights and their product portfolio, providing an insight into the existing competitive scenario.
Some of the key statistics or factors impacting the oil and gas market in China covered in the report include, global market size, global oil and gas reserves, reserve to production ratio of oil and gas, domestic market size, depth of reserves, quality of
Mercer Capital's Value Focus: Exploration and Production | Q2 2018 | Segment:...Mercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Greetings,
Attached FYI ( NewBase Special 02 June 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• SolarImpulse Safe in NAGOYA - JAPAN
• Oman oil minister says Opec's decision not helping member states
• Egypt signs $2bn exploration deal with Italy's Eni
• Morocco: Pura Vida Energy spuds MZ-1 well, offshore Morocco
• Kazakhstan wants oil majors to develop Caspian Depression
• Tanzania: Swala Energy announces farmout licences to Tata Petrodyne
• Uganda announces London roadshow for First Licensing Round
• The U.S. oil fracker's dilemma: crouch or pounce?
• Oil prices stabilize, firm demand counters oversupply
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy sin
Mercer Capital's Value Focus: Exploration and Production | Q1 2016Mercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes macroeconomic trends, industry trends, and guideline public company metrics.
Mercer Capital's Value Focus: Energy Industry | 3Q 2015 | Segment: Explorati...Mercer Capital
Mercer Capital's Energy Industry newsletter provides perspective on valuation issues. Each newsletter also typically includes a macroeconomic trends, industry trends, and guideline public company metrics.
New base energy news issue 940 dated 31 october 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 31 October 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE Fuel price floating with oil prices with 5% rise in Nov-16
• Iraq Reveals Oilfields Output to Win Over OPEC Ahead of Meeting
• Japan: INPEX concludes exploration drilling offshore Japan
• Senegal: ConocoPhillips completes sale of exploration blocks
• Low tanker rates are enabling more long-distance crude oil
• Oil falls as non-OPEC yet to pledge concrete output steps
• Non-OPEC yet to pledge concrete oil output steps after meeting OPEC
• Big Oil’s Shrinking Act Has More to Go in China
• GE-Baker Hughes deal could be announced Monday, WSJ reports
• Offshore oil production in deepwater and ultra deepwater is increasing
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
New base energy news issue 863 dated 01 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 01 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Saudi energy minister shows he takes OPEC seriously
• Libya: Technip awarded major natural gas field development
• India:Westinghouse to get new site for nuclear plant, More plans
• Malaysia:SapuraKencana Petroleum Makes Significant Gas Discoveries
• China’s diesel exports grow, driven by changes in its economy and refining
• Oil prices fall on rising Middle East output, China demand concerns
• Oil Set for Longest Losing Streak in 6 Weeks Before OPEC Meeting
• Is Opec relevant in an oil market of falling prices and overproduction?
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Greetings,
Attached FYI ( NewBase Special 30 November 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE: Emirates Nuclear ENEC ANNOUNCES COMPLETION OF MAJOR CONSTRUCTION MILESTONE
• Senegal: Cairn JV receives presidential decree confirming Senegal PSC extension
• OPEC members Need Price Jump to Balance Budget: OPEC Reality Check
• Oil prices rise slightly, investors eye OPEC meeting
• Gulf Countries is seen unwilling to tighten oil taps alone
• The Russia-Iran-Turkey energy triangle – old enemies locked in a power embrace
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
Market Research Report :Oil and Gas Market in China 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
Oil and Gas sector in China is expected to witness tremendous growth owing to the robust growth of the economy of China.
The report begins with a detailed overview of the global oil and gas market that includes detailed coverage of global production, consumption and reserves for both oil and gas. This section features a detailed study on the global scenario of the oil and gas production to reserve ratio. It also illustrates the regional split of oil and gas production to reserve ratio. A snapshot of the oil and gas market in China covers the demand, production and consumption levels for both oil and gas. Furthermore, a timeline description of the development of the Chinese oil industry has also been included in this section. This section also incorporates major oil and gas hubs in China.
The report provides detailed information about the exports and imports of oil and gas in China. It provides country-wise import and export for the year 2010 both in terms of value and volume.
Key drivers of the industry explain the factors influencing the growth of the oil and gas market in China in detail. Some of them include untapped potential, rising population and urbanization, growing automobile sector, low penetration, power generation and growth in petrochemical industry. Major challenges that could impede the development and growth of the Chinese oil and gas market include foreign dependence, reduction in CO2 emission and increase in renewable energy mandates.
The government initiatives section includes a detailed description of the development of energy regulatory framework in China covering key steps taken by the government in the 12th five year plan to accelerate the growth of oil and gas market during 2010-15. This section also highlights the key tax and pricing reforms adopted by the government to boost the oil and gas market in China.
Key emerging trends that are of marked importance to the oil and gas market in China include construction and expansion of LNG terminal, construction and upgrading of oil refineries, overseas investments and reliance on unconventional gas.
The competition section outlays the competitive landscape of the oil and gas market in China briefing about the domestic and foreign players existing in the market. This section provides a three dimensional analysis of key players’ total income, profits and market capitalization. The report also features brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance, business highlights and their product portfolio, providing an insight into the existing competitive scenario.
Some of the key statistics or factors impacting the oil and gas market in China covered in the report include, global market size, global oil and gas reserves, reserve to production ratio of oil and gas, domestic market size, depth of reserves, quality of
The summary findings for the annual report issued by the U.S. Energy Information Administration. This is an Early Release Overview of the full report, which is due out in the spring. The AEO provides a comprehensive snapshot of the entire energy picture for the U.S. in particular, but in the wider context of world energy supplies.
AIPRO members and friends enjoyed good food and fellowship at the 9th Annual Fish Fry at 6 p.m. on Monday, April 23, at the Arkansas Museum of Natural Resources in Smackover. We recognized members of the Arkansas Oil and Gas Commission before their meeting in El Dorado.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
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• Three (3) key tips to maintain a disciplined workplace.
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What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Personal Brand Statement:
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In the European Union (EU), two significant regulations have been introduced to enhance the safety and effectiveness of medical devices – the In Vitro Diagnostic Regulation (IVDR) and the Medical Device Regulation (MDR).
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B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
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Rayola Dougher - Annual Meeting
1. ENERGIZING AMERICA:
THE ROLE OF OIL AND
NATURAL GAS IN AMERICA‟S
ENERGY FUTURE
Rayola Dougher
API Senior Economic Advisor, dougherr@api.org
2. Oil & Natural Gas Industry: The
Backbone of the American Economy
Supports more than
9 million jobs
Supplies more than
60% of our energy
needs
Generates
hundreds of billions
of dollars in
government
3. Economic Impact of Oil and Natural
Gas Industry on Arkansas’ Economy
Supports 76,500
Arkansan jobs
Supports total
value added to
Arkansas’ economy
of $6.5 billion or
6.6% of GSP
6. 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
7. What Consumers are Paying for at the
Gasoline Pump
Average of gasoline components for January – June, 2011 as reported by EIA
8.
9. First Quarter 2011 Earnings by Industry
(net income/sales)
Source: Based on company filings with the federal government as reported by U.S. Census Bureau and Oil Daily.
15. Four-fold increase in shale gas production offsets declines in other
U.S. supply, meeting consumption growth and lowering import needs
U.S. dry gas
trillion cubic feet per year
History 2009 Projections
30
1%
25 Net imports
11%
20 46%
14% Shale gas
15 20%
Non-associated onshore 8%
9% Non-associated offshore 8%
10
22%
28% Tight gas
5 7%
8% Coalbed methane
7%
2% 9% Associated with oil Alaska1%
0
1990 1995 2000 2005 2010 2015 2020 2025 2030 2035
Source: EIA, Annual Energy Outlook 2011 15
18. Canadian oil sands development a boon
to U.S. economy
For every two jobs
supported in Canada, one job
will be supported in the U.S
Canada‟s oil sands can
support 600,000 U.S. jobs by
2035.
For every US dollar spent
on Canadian exports (i.e.
crude oil) up to 90 cents is
spent on imports of US
goods and services to
Canada.
$775 billion dollars added to
our GDP over next 25 years.
20. FILLING AMERICA’S GAS TANK
Within 15 years Canada & US can provide all our liquid fuel needs
Sources of liquid
fuel supply: 2026
32% Oil from rest of world 12%
Biofuels 16%
12%
Oil from Canada
12%
US oil production 72%
45%
EIA forecast Potential
Sources: EIA; Wood Mackenzie
21. Potential Jobs and Government Revenue
Jobs Revenue
(thousands) (billions $)
Rockies 2015 = 668 2015 = $36.0
(PADD 4) Midwest 2020 = 1,139 2020 = $126.6
(PADD 2)
West 2030 = 1,404 2030 = $800.1
Coast, AK &
HI 175 235 232 East Coast
(PADD 5) (PADD 1)
81 172
45
300
84 202 $61.6 $7.5 410
$23.9 $0.6 $2.1
$7.5 354
168
$242.6 $225
267 291
196
$263.4
$42.2
$12.7
$8.4 $27.2
$31.2
$6.9
Gulf Coast
(PADD 3)
Figures may not add exactly due to rounding.
Source: Wood Mackenzie Report, “U.S. Supply Forecast and Potential Jobs and Economic Impacts (2012-2030)”, September 7, 2011
23. THE
PRESIDENT’S PLAN
Taxing success:
Taxing oil & natural gas industry
A tax of $90 billion or more on the oil &
natural gas industry
„Fairness?‟
$86 million a day in revenue from oil & gas
Oil and gas income tax rate 41.1% versus
26.5% for S&P
28. Thank You
For more information visit
www.api.org
www.energytomorrow.org
www.energycitizens.org
Editor's Notes
Natural gas price projections are significantly lower than past years due to an expanded shale gas resource base. Prices were near $10 mcf in 2005 and now at around $4 mcf. EIA forecasts price of $7 mcf through 2035 with low of $5.35 and high of $9.26
Employment in the United States supported by new oil sands investments is expected to row to 465,000 jobs by 2035. For every two jobs supported in Canada, one job will be supported in the U.S. According to the Alberta government, for every US dollar spent on Canadian exports (e.e. crude oil) up to 90 cents is in fact spent on imports of US goods and services to Canada.The total economic impact over the next 25 years is estimate to reach over $521 billion dollars added to our GDP
Besides jobs and revenue, the other big takeaway from our research is the benefit for energy security. More development under reasonable regulations would substantially increase how much energy we produce at home. Add to that more imports of oil from Canada, assuming the Keystone XL and other pipelines are built – and more use of biofuels based on DOE’s projections – and you are potentially at the point where all the nation’s liquid fuels could come from secure North American and mostly U.S. sources. Oil and natural gas companies want to operate here and produce more American energy. It’s a safe business environment. Substantial quantities of energy remain to be produced. And the U.S. market is the biggest in the world. A strategy to help our economy through more oil and natural gas development would work. With the right policy changes, we could be producing more energy, creating more jobs for Americans, and generating more revenue for our government.
The President’s plan is a $450 billion proposal that includes a $90 billion or more tax increase on America’s oil and natural gas industry. No other major industry pays more in total taxes, and they pay at lower effective tax rates than the oil and natural gas industry, yet the president is proposing higher taxes on us again. A tax hike on the industry is the wrong choice. It won’t create jobs. Instead, it will slow down an industry that has a proven track record of being one of the nation’s biggest and most dependable job creators.