1. ENERGY & DEVELOPMENT A MATCH MADE IN HEAVEN????

2. WHAT IS ENERGY & HOW DO WE GENERATE IT?

3. SUPPLY: THE QUANTITY OF SOMETHING PRODUCERS HAVE FOR SALE DEMAND: THE QUANTITY THAT CONSUMERS ARE WILLING & ABLE TO BUY 5/6THS OF WORLD’S ENERGY NEEDS COME FROM 3 SOURCES FOSSIL FUEL: ENERGY SOURCE FORMED FROM THE RESIDUE OF PLANTS & ANIMALS BURIED MILLIONS OF YEARS AGO COAL, PETROLEUM, NATURAL GAS

4. CONSUMPTION OF ENERGY 50-50 ENEGRY CONSUMPTION DEVELOPED & DEVELOPING BUSINESS: COAL HOMES: NATURAL GAS TRANSPORTATION: PETROL CHINA LEADING CONSUMER US #2

5. NON-RENEWABLE ENERGY SUPPLIES COAL: CHINA ½ & OTHER DEVELOPING 1/4 US & DEVELOPED ¼ PETROLEUM: RUSIA & SAUDI ARABIA ¼ & OTHER DEVELOPING ½ US PRIMARILY ¼ NATURAL GAS: RUSSIA & SW ASIA 1/3 & OTHER DEVELOPING 1/3 US PRIMARILY 1/3 TX, OK & APPALACHIAN MOUNTAINS MDCS CONSUME ½ WORLD’S ENERGY BUT CONTAIN ONLY ABOUT 1/3 WORLD POPULATION RUNNING OUT

6. WHERE ARE OUR FOSSIL FUELS? PROVEN RESERVES: WE KNOW THEY’RE THERE POTENTIAL RESERVES: WE THINK THEY MAY BE THERE COAL: 131 YEARS LEFT NATURAL GAS: 49 YEARS LEFT PETROLEUM: 43 YEARS LEFT UNDISCOVERED FIELDS ENHANCED RECOVERY FROM DISCOVERED UNCONVENTIONAL SOURCES