Roger K. Conway Director Office of Energy Policy and New Uses CONFERENCE WRAP-UP Roger K. Conway Director Office of Energy Policy and New Uses

A NEW PARADIGM IN ENERGY PRICES US is Mature Oil and Natural Gas Producer New Energy Demand From Newly Industrialized Countries Natural Gas Prices Likely to Remain High Middle East Stability South East Asia South America Africa

Framing the Energy Discussion Ask The Right Question Use A Systems Approach Portfolio Balance Model Externalities Play A Large Rule

Use In Agriculture and Rural America Energy Energy is important for farmers and processors. The Sector Adjusts in Long Run. The Price System Works. International Competitiveness For Agriculture Electricity Markets and Grid Reliability Homeland Security

AGRICULTURE AS A PROVIDER OF ENERGY May Not Need A One-to-One Displacement For Energy Security Technical Resource Capacity Enough To Be Part Of Solution Infrastructure A Major Hurdle Costs Are Coming Down Focus On Imports: Not Entire Transportation Fuel Market Externalities Play A Large Role Energy, Environmental, Agricultural Policy Must Be Coordinated Technology Transfer of Renewables

AGENDA FOR THE FUTURE Need Better Data, and Address Data Gaps, Update Estimates For Energy Use in Agriculture More Complete Information and Assessment of Energy Disruption on AG and Processing Sector Need Nonmarket Valuation of Renewables Estimating Net Energy Use in the Agricultural Sector Opportunities for Hydrogen and Fuel Cell Use in Agriculture Use Systems Approach for Policy