The Atlantic Basin Initiative The Rising Importance of the Atlantic Hemisphere September 12-13, 2012 Center for Transatlantic Relations Johns Hopkins University SAIS Washington, DC
CENTER FOR INTERNATIONAL ENERGY AND ENVIRONMENTAL POLICY
Source: 2011 BP Statistical Review
Canada World’s Third Largest Holder of Liquid Reserves United States and Pacific Rim Natural Markets Seaway and Keystone Pipelines
U.S.A. Increase Oil and Natural Gas Production Refinery Conversion Capacity Petroleum Fuels Exports LNG Exports
México Decline Liquids Production 3.8 mmbd mmbd 2012 Petroleum Fuels Importer Regulatory and Fiscal/Contractual Regime Obstacles
Venezuela World’s Second Largest Holder of Liquids Reserves ˂ 3.0 mmbd Siembra Petrolera 5.0 mmbd $130 billion – 6.0 mmbd Regulatory and Fiscal/Contractual Regime Challenges
Brazil 2011 Liquids Production 2.8 mmbd 2016 Crude Oil Production Target 3.3 mmbd $236 billion Capital Investments Capital & Infrastructure Challenges
Argentina World’s Third Largest Holder of Shale Gas Reserves Resource Nationalism - REPSOL Capital and Technology Challenges Natural Gas – LNG Regional Impact
Jorge R. Piñon Associate Director, Latin America and Caribbean Program Center for International Energy and Environmental Policy Jackson School of Geosciences The University of Texas at Austin 2275 Speedway MC C9000 Austin, TX ofc cell