1. Penn State and the Global Oil and Gas Industry Dr. Fariborz Ghadar Founding Director, The Center for Global Business Studies William A. Schreyer Professor of Global Management, Policies and Planning

2. Global GDP Is Expected To More Than Double 2 Dr. Fariborz Ghadar Source: BP

3. Growth In The World Economy Requires More Energy 3 Dr. Fariborz Ghadar Source: BP

4. The Fuel Mix Is Set To Change Significantly 4 Dr. Fariborz Ghadar Source: BP

5. Growth In Liquids Demand Is Driven By Transport And Industry 5 Dr. Fariborz Ghadar Source: BP

6. The Global Vehicle Fleet More Than Doubles 6 Dr. Fariborz Ghadar Source: BP

7. SJR 01/06/10 Sources: World Bank & Wards Auto China and India can expect exponential growth in passenger vehicle ownership Indonesia (21) Philippines (8) India (8) China (14) Pakistan (3) Bangladesh (0) * 2009 USD 7 Dr. Fariborz Ghadar Passenger Vehicle Ownership vs. Per-Capita GDP

8. Demand for Natural Gas Grows Strongly 8 Dr. Fariborz Ghadar Source: BP

9. Trade In Gas Grows Broadly In Line With Global Consumption 9 Dr. Fariborz Ghadar Source: BP

10. Growth in Global Coal Demand Slows Sharply 10 Dr. Fariborz Ghadar Source: BP

11. Renewables Continue To Grow Rapidly 11 Dr. Fariborz Ghadar Source: BP

12. The Outlook For US Shale Has Been Revised Up Repeatedly 12 Dr. Fariborz Ghadar Source: BP

13. 13 Dr. Fariborz Ghadar

14. 14 Dr. Fariborz Ghadar

15. 15 Dr. Fariborz Ghadar

16. 16 Dr. Fariborz Ghadar

17. The Global Growth In Tight Oil Slows 17 Dr. Fariborz Ghadar Source: BP

18. Shale Gas Production Continues To Expand Rapidly 18 Dr. Fariborz Ghadar Source: BP

19. The Faster Transition Has A Significant Impact 19 Dr. Fariborz Ghadar Source: BP

20. Emissions Energy-related CO2 Emissions By Location, 2014 20 Dr. Fariborz Ghadar

21. Source: BP, Energy Outlook 2035 Emissions Per Capita 21 Dr. Fariborz Ghadar

22. Emissions Source: IEA The Current Pathway Burns Up The Existing Carbon Budget Quickly 22 Dr. Fariborz Ghadar

23. Emissions Source: IEA The Difference Between The “INDC” Scenario And The “Bridge” Scenario Is Substantial And Relies On 5 Measures 23 Dr. Fariborz Ghadar

24. Source: IEA Emissions Investment Is Required Under All Scenarios 24 Dr. Fariborz Ghadar

25. It is imperative that the world recognizes the importance of efficiency gains. 25

26. Higher levels of collaboration among industry, government and society at large is required to realize these gains. 26

27. The world has insatiably asked for more energy which companies have provided. Beating up on energy companies is counterproductive. The companies strive to listen and need to be included in the process. 27

28. 28 Penn State is dedicated to helping the energy industry pivot in a new direction that ensures a more sustainable future.

29. 29 Thank You.