1. 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

2. CENTER FOR INTERNATIONAL ENERGY AND ENVIRONMENTAL POLICY

3. Source: 2011 BP Statistical Review

4. Canada World’s Third Largest Holder of Liquid Reserves United States and Pacific Rim Natural Markets Seaway and Keystone Pipelines

5. U.S.A. Increase Oil and Natural Gas Production Refinery Conversion Capacity Petroleum Fuels Exports LNG Exports

6. México Decline Liquids Production 3.8 mmbd 20004 2.8 mmbd 2012 Petroleum Fuels Importer Regulatory and Fiscal/Contractual Regime Obstacles

7. Venezuela World’s Second Largest Holder of Liquids Reserves ˂ 3.0 mmbd 2012 2005-2010 Siembra Petrolera 5.0 mmbd 2013-2019 - $130 billion – 6.0 mmbd Regulatory and Fiscal/Contractual Regime Challenges

8. Brazil 2011 Liquids Production 2.8 mmbd 2016 Crude Oil Production Target 3.3 mmbd 2012-2016 $236 billion Capital Investments Capital & Infrastructure Challenges

9. Argentina World’s Third Largest Holder of Shale Gas Reserves Resource Nationalism - REPSOL Capital and Technology Challenges Natural Gas – LNG Regional Impact

12. 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 78712-1722 512-232-4988 ofc. 305-926-6910 cell jrpinon@austin.utexas.edu