Global Competition Increasing 2009 to 2015E CHINA 2.2 up to 10.1 Bbl/Person INDIA 0.9 up to 5.4 Bbl/Person Source: US Energy Information Administration, Annual Energy Review 2009 Chinese vehicle ownership per capita is equal to where the U.S. was in 1919.
America on the Bottle U.S. consumes 25% of the worlds petroleum By 2020, the IEA predicts oil consumption will increase 60% To keep pace with demand, OPEC must add 64 million barrels of production per day for the next 22 years: – This growth will require $350 billion per year on new projects. – OPEC only spent $390 billion on new projects from 2000-2007.
MOU signed by Multiple Governors Governors sign Memorandum of Understanding on November 9, 2011 to convert their states transportation fleets to CNG. Oklahoma, Colorado, Wyoming, West Virginia, Pennsylvania, Utah, Maine, New Mexico Goal is to create a critical mass of fleet vehicle purchases to entice auto makers to manufacture more affordable NGVs. Total fleet between states of more than 30,000 vehicles Continued efforts will be made to bring other Governors into the MOU
Price Stability Example INPUTCOST Natural Gas (divide by 8)$0.50 Transport Costs & Fees$0.20 Electricity Costs per GGE$0.10 Maintenance per GGE$0.20 Federal and State Taxes$0.50 Fuel Card Fees per GGE$0.05 Retailer Profit Margin$0.40 CNG at the Pump$1.95 Natural Gas @ $4.00 per MCF Natural Gas @ $8.00 per MCF INPUTCOST Natural Gas (divide by 7.2)$1.00 Transport Costs & Fees$0.20 Electricity Costs per GGE$0.10 Maintenance per GGE$0.20 Federal and State Taxes$0.50 Fuel Card Fees per GGE$0.05 Retailer Profit Margin$0.40 CNG at the Pump$2.45