1. Who framed roger rabbit?

2. OPEC agrees to trim production in an attempt to control oil prices
“by just saying it had a deal, OPEC managed to keep the price of crude from plummeting, which was about to happen”
- Jim Cramer
OIL PRICES
RISE 5%
28 September preliminary deal:
Production cut 32, mln bpd
Partial exemption for Iran, Nigeria and Lybia
Russia ready to back the deal

3. When it all started: the ‘shale revolution’…..
“Everything has changed with American shale oil and gas coming on the market”
Claudio De Scalzi - CEO of ENI

4. … which pushed Saudi Arabia to an all out price war

5. Instead of cutting production, OPEC opted to pump at high volumes to maintain market share…

6. … and US production shrunk by 12%
Apr ‘15 peak: 9,6 MMBD
Aug ‘16:
8,5 MMBD
Conventional: down 8%
Shale: down 15%

7. But large frackers evolved in survival of the fittest …..

8. … and are now the real winners from an OPEC cut
“It was a moment US shale oil producers had been waiting on for more than two years”
-cit
The move from $40 to $50 makes a big difference:
Chevron: from 1300 to 4000 profitable wells
EOG Resources: production up 10-20% py
Pioneer Natural Resources: rig fleet +40%
10 more active U.S. rigs per week

9. Strong growth in Asia drives increases in oil demand

10. The fuel mix is set to change significantly
Primary energy shares In 2035 (vs 2014):
Oil 29% (-4%)
Coal 25% (-5%)
Natural Gas 26% (+2%)
Hydro 7% (=)
Nuclear 5% (+1%)
Renewables 9% (+6%)

11. Nuclear energy is projected to increase steadily, growing at 1.9% p.a.
Europe
-29%
North America
-13%
China +11,2%
ageing plants decommissioned
few new investments
more than doubling by 2020
increasing nine-fold by 2035

12. But the greatest surprise is the rise of renewables

13. Wind and solar are most prominent sources of renewable energy today…
Onshore wind cost will fall 41% by
... and solar by 60%

14. …. but face challenges with regard to their intermittent nature
“The major changes in power in the next 40 years are likely to be in energy storage and integration technologies”
- BP Technology oultlook

15. Grids will get smart….. New design concepts and smart materials
Power electronic devices
Energy storage technologies
More flexible transmission and distribution systems
Powerful monitoring and control systems

16. … and energy storage will be a key factor
TRANSPORTATION
Next-generation batteries, such as rechargeable lithium sulphur batteries
Fuel cells
GRID
Flow batteries
Molten salt batteries
Compressed air storage

17. Graphene: the «miracle material» that could revolutionize our World
Lighter and more durable batteries
Solar cells working in the rain
Hydrogen clean storage

18. What is Graphene? Graphene is a two dimensional layer of carbon atom
Its properties make this material special
STRONG
It is 200 times stronger than structural steel
DRIVER
It leads up to 1000 times better than copper
FLEXIBLE
It can be flexed up to 20% without damage
BIDIMENSIONAL
Each layer
is one
atom thick
APPLICATIONS IN:
energy
computer technology
medicine
building materials

19. Sand may be the answer to storing solar energy: meet STEM® technology
SUN
Heliostats
Sand
Steam turbines
POWER

20. The future is uncertain…