Institute for 21st Century Energy U.S. Chamber of Commerce Karen A. Harbert President and CEO Institute for 21st Century Energy U.S. Chamber of Commerce.

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Presentation transcript:

Institute for 21st Century Energy U.S. Chamber of Commerce Karen A. Harbert President and CEO Institute for 21st Century Energy U.S. Chamber of Commerce

Monumental Changes by 2050

U. S. C h a m b e r o f C o m m e r c e The New Energy Reality Energy Security is central to our national and economic security Demand to increase 53% by 2035  90% in non-OECD countries Electricity demand to increase 76% 1.6 billion people without electricity $38 trillion of new investment by 2035 to meet rising demand

U. S. C h a m b e r o f C o m m e r c e An Inconvenient Energy Truth

U. S. C h a m b e r o f C o m m e r c e China: Fueling Urbanization

U. S. C h a m b e r o f C o m m e r c e India’s Have Nots

U. S. C h a m b e r o f C o m m e r c e US Demand for Energy

U. S. C h a m b e r o f C o m m e r c e

Fueling Our Economy Shale plays are on pace to create  +200,000 jobs in OH by 2020  +115,000 jobs in PA by 2020 (140,000 existing)  +100,000 jobs in TX, LA, and MS

U. S. C h a m b e r o f C o m m e r c e Fueling Our Economy By 2030, U.S. oil and natural gas policy changes could generate more than: 1.4 million new jobs; $800 billion in additional government revenue; and 10 million barrels worth of added daily oil and natural gas production (Woods MacKenzie September 7, 2011 U.S. Supply Forecast and Potential Jobs and Economic Impacts )

U. S. C h a m b e r o f C o m m e r c e JOBS, JOBS, JOBS

U. S. C h a m b e r o f C o m m e r c e Keystone XL Pipeline proposal

U. S. C h a m b e r o f C o m m e r c e Canadian Oil Sands Benefits Currently supports 80,000 U.S. jobs Could increase to 94, ,000 U.S. jobs by 2035 Keystone XL pipeline could create 20,000 US manufacturing jobs immediately and 250,000 by 2035 The projected impact to U.S. GDP would be between $200 billion - $800 billion; (Canadian Energy Research Institute June 2011 Economic Impacts of Staged Development of Oil Sands Projects in Alberta 2010 – 2035)

Electricity Generating Capacity Additions (gigawatts)

U. S. C h a m b e r o f C o m m e r c e US Nuclear Opportunities

U. S. C h a m b e r o f C o m m e r c e

U.S. Strategy-More Realism “NO SILVER BULLET APPROACH” Maximize Efficiency Increase domestic oil and gas Recognize role for nuclear and clean coal New alternative transportation fuels Sustainable policy on renewables Modernize our infrastructure Exert authority to get beyond NOPE syndrome Invest in our technology solutions and our intellectual foundation for innovation Achievable Climate Approach

U. S. C h a m b e r o f C o m m e r c e Time to TAKE ACTION AT RISK: America’s national security, investment climate and competitiveness ENERGYXXI.ORG

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