1. America’s Energy Future at a Crossroads BizWest Energy Summit Loveland CO July 10, 2014 Christopher Guith Senior Vice President - Policy Institute for 21st Century Energy U.S. Chamber of Commerce

2. English Literature Does Matter It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way… -A Tale of Two Cities (1859) Charles Dickens

3. U. S. C h a m b e r o f C o m m e r c e The New Energy Reality Energy Security is central to our national and economic security Demand to increase 53% by 2035  90% in non-OECD countries Electricity demand to increase 76% 1.6 billion people without electricity $38 trillion of new investment by 2035 to meet rising demand 90% world’s oil reserves owned by national oil companies

4. U. S. C h a m b e r o f C o m m e r c e We Possess Tremendous Domestic Energy Resources Technically Recoverable Resources  120 years of Nat Gas  206 Years of Oil  464 years of Coal In-place Resources  586 years of Nat Gas  536 years of oil  9,844 years of coal Institute for Energy Resources Analysis of U.S. Government Data

5. U. S. C h a m b e r o f C o m m e r c e Rhetoric vs. Reality in Federal Permitting Western Values Project, BLM Data Permits & New Wells on Federal Lands

6. U. S. C h a m b e r o f C o m m e r c e 201220202035 Jobs Supported78k121k175k New Government Revenue (billions)$1.4$2.4$3.7 Economic Growth (billions)$11.6$17.6$26.7 Shale Fueling Colorado $63 Billion in Gov Revs 2012-2035 IHS, America’s New Energy Future. October 2012

7. U. S. C h a m b e r o f C o m m e r c e Industrial Gas Consumption Returns

8. U. S. C h a m b e r o f C o m m e r c e Shale Revolution Spawns Manufacturing Renaisance IHS, ANEF 2013

9. U. S. C h a m b e r o f C o m m e r c e It’s All About Price Differential

10. U. S. C h a m b e r o f C o m m e r c e America’s New Energy Future

11. U. S. C h a m b e r o f C o m m e r c e America’s New Energy Future

12. U. S. C h a m b e r o f C o m m e r c e America’s New Energy Future

13. U. S. C h a m b e r o f C o m m e r c e Oil & Gas is THE Job Driver +38.6% -2.6% Source: BLS

14. U. S. C h a m b e r o f C o m m e r c e U.S. Oil Supply Source: BENTEK Crude Awakening/EIA

15. U. S. C h a m b e r o f C o m m e r c e Cracking the Code: Increased Efficiency RBN Energy LLC, 9/24/13

16. U. S. C h a m b e r o f C o m m e r c e Exports Increasingly Important to PetChem IHS, ANEF 2013

17. U. S. C h a m b e r o f C o m m e r c e Midstream Expansion in Overdrive Pipeline Projects: Jan 2010-Jan 2013 (MMcf/d) FERC, Major Pipeline Projects on the Horizon

18. U. S. C h a m b e r o f C o m m e r c e Rail, Truck, & Barge Shipments Double EIA, Refinery Capacity Report. 6-25-14 Crude Refinery Receipt Shipments Thousand Barrels Per Day 4.3% Percentage of Total

19. U. S. C h a m b e r o f C o m m e r c e America’s New Energy Future Loss

20. U. S. C h a m b e r o f C o m m e r c e A Bright Future is NOT a Given Food & Water Watch: Mapping the Movement State Measures (Passed) State Measures (Pending) Local Measures (Passed) Local Measures (Pending) Shale Plays 423 Actions Across 21 States

21. U. S. C h a m b e r o f C o m m e r c e Rulemakings On The Runway!

22. U. S. C h a m b e r o f C o m m e r c e Coal & Gas Prices

23. U. S. C h a m b e r o f C o m m e r c e Expected Coal Plant Closures >50 GW prematurely retired by 2020 15%-20% of entire coal fleet ~10% of all US generation

24. U. S. C h a m b e r o f C o m m e r c e Heavy Concentration on Retirements

25. U. S. C h a m b e r o f C o m m e r c e Time to TAKE ACTION ENERGYXXI.ORG @Energy21