Opportunities in Adversity: Oil & Gas Survey Snapshot
The global recession has impacted many small and mid-size natural gas and oil companies, but larger well capitalized companies "are busy preparing for the upturn," according to this survey. Oil and gas executives are more optimistic than other respondents about the economic outlook, the survey found.

 

What is next for international oil companies?
Discusses the changing roles and relationships of IOCs and NOCs and how IOCs can best build productive and equitable relationships with NOCs.

API has produced an Oil Sands Primer. Also see their oil sands page for additional resources.

The report, Canada’s Oil Extraction Industry: Industrial Outlook Summer 2009, from the conference Board of Canada (free but requires registration), offers a detailed five-year forecast of Canada’s oil industry. The Board forecasts that crude prices driven south by the economic downturn will reduce pre-tax profits for Canadian producers by 24%. But as the U.S. economy recovers, rising oil demand will lift prices to the point that Canada's expensive and controversial oil sands projects become profitable again.

 

U.S. Natural Gas Imports & Exports: 2008
This report provides an overview of U.S. international natural gas trade in 2008. Natural gas import and export data, including liquefied natural gas (LNG) data, are provided through the year 2008.

Energy Market and Economic Impacts of H.R. 2454, the American Clean Energy and Security Act of 2009
This report responds to a request from Chairman Henry Waxman and Chairman Edward Markey for an analysis of H.R. 2454, the American Clean Energy and Security Act of 2009 (ACESA). ACESA, as passed by the House of Representatives on June 26, 2009, is a complex bill that regulates emissions of greenhouse gases through market-based mechanisms, efficiency programs, and economic incentives.

 

OPEC Revenues Fact Sheet
Based on projections from the EIA September 2009 Short-Term Energy Outlook, members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $559 billion of net oil export revenues in 2009 and $675 billion in 2010. Last year, OPEC earned $971 billion in net oil export revenues, a 42 percent increase from 2007. Saudi Arabia earned the largest share of these earnings, $288 billion, representing 30 percent of total OPEC revenues. On a per-capita basis, OPEC net oil export earning reached $2,688 in 2008, a 40 percent increase from 2007.

The report, Modeling Biofuels Expansion in a Changing Global Environment, from the International Association of Agricultural Economists, examines the impact of declining energy prices on biofuels production and use and its implications to agricultural commodity markets. The ability of countries to achieve their energy goals will be affected by future direction of petroleum prices. A 50 percent decline in petroleum prices would result in rapid decline in biofuel use worldwide accompanied by a decline in feedstock and biofuel prices. About a 21 percent decline in U.S. cost of ethanol production is needed to make ethanol competitive with gasoline and to offset the effect of lower energy prices.

The report, Wind Power Developments in the United States: Current Progress, Future trends, from lawrence Berkeley National Laboratory summarizes major trends in the U.S. wind market and explores the technical and economic feasibility of achieving much greater levels of wind penetration.

 

The Greenpeace report, Dirty Oil: How the Tar Sands Are Gueling the Global Climate Crisis, claims oil production in Alberta’s tar sands has made Canada a “global carbon bully”. The report claims that oilsands projects in northern Alberta are creating more greenhouse gas emissions per year than several small European countries. The report also claims that continued growth in the oilsands will mean that by 2020, more carbon dioxide will be produced there than by all the volcanoes in the world put together.

The report, Waxman-Markey (H.R. 2454) Refining Sector Impact Assessment, prepared by Ensys Energy for API claims that proposed federal legislation aimed at curbing global warming would drastically reduce domestic fuel productio. The report projects that by 2030, U.S. refining production could drop 17% from today's levels if the climate bill is passed as currently proposed.

 

The report, Unlocking Energy Efficiency in the U.S. Economy, by McKinsey & Company, offers a detailed analysis of the magnitude of the efficiency potential in non-transportation uses of energy, a thorough assessment of the barriers that impede the capture of greater efficiency, and an outline of the practical solutions available to unlock the potential. The research shows that the U.S. economy has the potential to reduce annual non-transportation energy consumption by roughly 23 percent by 2020, eliminating more than $1.2 trillion in waste – well beyond the $520 billion upfront investment (not including program costs) that would be required. The reduction in energy use would also result in the abatement of 1.1 gigatons of greenhouse gas emissions annually – the equivalent of taking the entire U.S. fleet of passenger vehicles and light trucks off the roads.

Join your DPER colleagues for a webinar about using Ovid to access petroleum and geoscience information.

 

Wednesday, September 30, 2009
1PM Eastern / 10AM Pacific

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