1. Australia’s Energy Future Noah Built Before it Rained Forecast : Floods Annimac www.annimac.com.au APPEA 2005 Conference & Exhibition Securing our Industry 11 April 2005 Perth W Australia Speaker Conference Plenary

2. Two most powerful industries :. Technology I C T. Energy Oil & gas Two most powerful industries :. Technology I C T. Energy Oil & gas

3. Industry secure future ? No Not the way it is Industry secure future ? No Not the way it is

4. What must change ? Can it change ? What must change ? Can it change ?

5. Rate of Change Rate of Change every 5 seconds : new web siteevery 5 seconds : new web site every 5 minutes : new technologyevery 5 minutes : new technology every day : 15 million new web pages every 5 days : new product / service Amount of change in one day our Grandparents had in one year Younger means faster

7. Technology e.g. by 2020 70 % types of jobs then do not exist now because 80 % technology not yet imagined Driving all Drivers of Change

8. What’s pushing the industry :. Political power shift. Global economic shift. Global values shift. O & G Big Rollover What’s pushing the industry :. Political power shift. Global economic shift. Global values shift. O & G Big Rollover

9. O & G Big Rollover : Supply > Demand Supply > Demand

10. Three Wise Monkeys Three Wise Monkeys Oil Companies : - hear no depletion Oil Companies : - hear no depletion Governments & International Agencies : - see no depletion Governments & International Agencies : - see no depletion And all agree it would be best to : - talk no depletion And all agree it would be best to : - talk no depletion

12. Typical Oil Depletion Curve Norway (North Sea) Werner Zittel, LBST

13. 2004 www.SimmonsCo-Intl.com Saudi Reserves Seriously Overstated Matthew Simmons February 2004

14. Oil & Gas Journal April 12, 2004 Douglas - Westwood Ltd Cambridge UK Study : World oil forecast beset with reserves shortfalls 2004 2016

15. ASPO Newsletter 40 April 2004 www.PeakOil.net Association for the Study of Peak Oil & Gas Oil discovery Oil production Forecast ?

17. Data from IHS Energy and OGJ annual reports IHS and O & GJ Remaining Reserves Francis Harper ASPO 2004, Berlin www.PeakOil.net

19. Why are oil depletion forecasts being down played ? " Do you wish to : Kill your career Kill your career Head the redundancy list Head the redundancy list Be blamed for starting the panic ?" Be blamed for starting the panic ?" Chris Skrebowski Institute of Petroleum www.PeakOil.net Institute of Petroleum www.PeakOil.net

20. Or is Big Rollover : ( tick one ) a) Only part of humungous dilemma a) Only part of humungous dilemma b) Forcing too rapid change b) Forcing too rapid change c) Change to what ? c) Change to what ? d) All too scary d) All too scary e) All of the above or e) All of the above or f) Nonsense f) Nonsense

21. Everyone agrees : Change is inevitable. Change is inevitable. Your choice : Understand forces of change Understand forces of change or or Be victim of future. Be victim of future.

22. What’s pushing the industry :. Political power shift. Global economic shift. Global values shift. O & G Big Rollover What’s pushing the industry :. Political power shift. Global economic shift. Global values shift. O & G Big Rollover

23. Global Economic power Global Economic power

24. Economic domination 200 yrs

25. to Western Pacific Rim to Western Pacific Rim

26. Global Cultural power Global Cultural power

27. Christian domination 500 yrs Christian domination 500 yrs 

29. Estimated 2 billion people watched world media

30. to Confucian / Islam influence to Confucian / Islam influence  

32. Fastest robanoid

33. Chi master class with MIT engineers

34. Gap widening : Knowledge Haves / have nots Age generations Globally networked Shifting Global Values

35. About Technology not wealth Access Skilling 50 % world pop n : no phone Gap : Haves - Have Nots

36. Gap : Age Generations Gap : Age Generations Four generations : Three worlds Baby Boomers 45 – 60 yrs Materialism economic rationalists : profit material values : tangibles science as religion : rational Generation X 30 – 45 yrs clones of Boomers : materialists or copy younger : sustainability

37. Four generations : Three worlds DotComs 15 - 30 yrs Sustainability global identity co opitalism relationships holistic win - win – win Cluetrain Manifesto “ The marketplace is a conversation ” www.cluetrainmanifesto.com Gap : Age Generations

38. Chinese Technology Centre

39. Gap : Age Generations Four generations : Three worlds Ferals 0 – 15 yrs Virtual. no limits. no boundaries. parallel universes . quantum everything. invent their world. beyond our imagining. Indigo children

41. Gap : Globally Networked Gap : Globally Networked access all knowledge empowered confident passionately committed global view future one planet : one future

42. Impact for Energy Industry Impact for Energy Industry transiting two worlds - accelerating values shifting to sustainability Big Rollover value driven cooperation not competition young non negotiators relationships : consumers partners innovators

43. Impact for Aus Energy Industry Impact for Aus Energy Industry industry leader - how to’s global location - Asian partners values shifting to sustainability   not changing fast enough   economic rationalist power   Big Rollover not on agenda   “ She’ll be right, mate.” Science.

44. Thriving with change : Thriving with change :

45. Thank you www.annimac.com.au Thank you www.annimac.com.au www.annimac.com.au

46. Very special note of appreciation to Bruce Robinson www.STCwa.org.au for his impeccable knowledge regarding global Oil Depletion and his generosity in sharing it. Thank you, Bruce. annimac