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Louisiana Independent Oil & Gas Association March 8, 2002 Diemer True Chairman IPAA.

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Presentation on theme: "Louisiana Independent Oil & Gas Association March 8, 2002 Diemer True Chairman IPAA."— Presentation transcript:

1 Louisiana Independent Oil & Gas Association March 8, 2002 Diemer True Chairman IPAA

2 America’sEnergyChallenge I IPAA’s Role

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7 NUCLEAR  NIMBY  Terrorist Targets  Regulatory Barriers  Environmental Opposition

8 COAL  Environmental Opposition  Regulatory Barriers

9 RENEWABLE ENERGY AS SHARE OF TOTAL ENERGY, 1999

10 OIL  No practical motor fuel available in the short term  97% transportation relies on oil  Future promise of abundant crude oil reserves worldwide

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12 TOP CRUDE OIL PRODUCERS, 1998 Source:: US DOE, 2000

13 NATURAL GAS  Fuel of Choice  Abundant  Environmentally Acceptable

14 Conservation is important but is not enough

15 DOMESTIC OIL AND GAS INDUSTRY IS VITAL TO...  National Security  Prosperity  Balance of Payments  Jobs

16 Critical Factors Access Technology Financial Requirements Skilled Workers Rigs Lead Times

17 Access to the Resource...

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20 U.S. Lower-48 Natural Gas Reserves Subject to Access Restrictions * Approximately 29 TCF Of The Rockies Gas Resources Are Closed To Development And 108 TCF Are Available With Restrictions. 31 TCF 137* TCF 24 TCF 21 TCF

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24 24 Projected Infrastructure Expansion Requirements  38,000 Miles of Transmission Pipeline  255,000 Miles of New Distribution Mains  850 BCF of Storage Working Gas Capacity  30 BCF of Interregional Pipeline Capacity  $123 Billion of Investment Capital ($34B Transmission, $84B Distribution, $5B Storage)

25 25 Access Issues for Transmission & Distribution  Acquisition of Right-of-Way on Public Lands  Encroachment on Existing Right-of-Way  Increasing Community Awareness and Resistance to New Infrastructure  More Restrictive Permitting Driven by Environmental Concerns

26 26 WHAT IS IPAADOING?

27 Congressional Testimony Senate Energy and Natural Resources Committee Senate Environment and Public Works Committee Senate Finance Committee House Agriculture Committee House Commerce Energy and Air Quality Subcommittee House Resources Committee House Resources Energy and Mineral Resources Subcommittee House Science Energy Subcommittee Rep. Joe Barton (R-TX) Chairman House Commerce Energy and Air Quality Subcommittee Sen. Frank Murkowski (R-AK) Ranking Member, Senate Energy and Natural Resources Committee

28 Congressional Oil & Gas Forum Advocacy The Oil and Gas Forum Hosted by IPAA on March 15, 2001 Drew 90 Participants and 7 Members of Congress

29 North American Prospect Expo NAPE ®

30 Oil and Gas Investment Symposium (OGIS)

31 SPREADINGTHEMESSAGE

32 IPAA Online New IPAA Website New forwardmarket.com Screen Saver New Energy Jobs Network Database

33 Publications and Materials

34 Oil And Natural Gas In Your State

35 IPAA’s Cooperating Associations Washington-Based Energy Associations American Petroleum Institute (API) US Oil and Gas Association (USOGA) Natural Gas Supply Association (NGSA) American Gas Association (AGA Domestic Petroleum Council (DPC) National Ocean Industries Association (NOIA)

36 IPAA’SWILDCATTERS’FUND (Political Action Committee)

37 IPAA WILDCATTERS’ FUND IS A BI-PARTISAN POLITICAL ACTION COMMITTEE

38 GOAL $350,000

39 CURRENCY OF WASHINGTON IS VOTES... NOT JUST $

40 IPAA PARTNERSHIP WITH BIPAC

41 STRATEGY Target Dollars to Competitive House and Senate Campaigns (not more than approximately 10% can go to non-competitive races)

42 Why Business Doesn’t Do Better We already spend enough - we just have to focus on the tools that win campaigns.

43 Communications: Source: FEC

44 Non-Advocacy ($46 Million: ) Labor’s Communication The Tip of the Iceberg!

45 ‘Do you want to hear from your employer?’

46 ‘Have you heard from your employer or labor?’

47 Who Is Most Credible?

48 TARGET KEY RACES  Control of Senate, 1 seat  Arkansas, Sen. Tim Hutchinson (R) vs. Attorney General Mark Pryor (D)  Colorado, Sen. Wayne Allard (R) vs. Ted Strickland (D)  Louisiana, Sen. Mary Landreu vs. ?  South Dakota, Sen. Tim Johnson (D) vs. Rep. John Thume (R)

49 IPAA’S PROSPERITY PROJECT  Voter Guides  Voter Registration  Get Out the Vote

50 HOUSE CONTROL - SIX SEATS Colorado Illinois Michigan South Dakota Tennessee Texas

51 Our Employees, Shareholders, Customers, and Their Families Vote in Those States

52 2000 ELECTIONS  One House Primary Seat Won by 56 Votes  One House Primary Seat Won by 160 Votes  One Senate Seat Won by 2,229 Votes  One Presidential Seat Won by 600+ Votes

53 ...Please send your contribution to IPAAWildcatters’ Fund

54 Participate in IPAA’s Prosperity Project

55 IF YOU ARE NOT A MEMBER - WE NEED YOU.


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