1. The World on Oil

2. The World On Hydrogen

3. The End of Cheap Oil The End of Cheap Oil …

4. Oil PRICES ON THE RISE Average cost of barrel of West Texas Intermediate Crude 20032005 2004 2006 $29 $55 $38 $78

5. Top 10 Foreign Suppliers of U.S. Oil

6. Hugo Chavez, President of Venezuela: “…use geopolitical power from oil.” Mahmoud Ahmadinejad, President of Iran: “Rich nations should be paying $100 / barrel…” Energy Security?

7. Cars line up to buy gas in China's Guangdong province, August 17, 2005. (China Daily)China Daily *Exxon Mobil Energy outlook Global Energy Demand to Grow 60% by 2030*

8. Demand will require 40% increase in OPEC Oil

9. What about ANWR? ANWR: 1 million barrels / day 10 years from now … 27 million barrels / day 20062020 U.S. Consumption of Oil (million barrels /day) 1950 1960 1970 1980 1990 2006 2010 2020

10. Near term: –Conservation measures Mid term: –Hybrid, flexible fuel, ethanol & methanol, bio-diesel, better batteries Long term: –Transitioning to the hydrogen economy The Road Ahead

11. Near Term - Conservation The average US family could save 25 % -- up to $400 a year on its power bill. Replace old bulbs with Compact Florescent Lighting (CFL) – saving up to $74 over the life of the bulb and last 8-10 times as long Un-plug chargers or plug them into a power strip you can switch off. Set your thermostat comfortably high in the summer and comfortably low in the winter Adjust your water-heater to 120°F Properly inflate tires, keep trunk empty, observe speed limit. - each 5 mph you drive over 60 mph is like paying an additional $0.20 per gallon for gas

12. Biofuels Medium-Term New Sources Fuel Efficiency Utilities – Clean tech Nuclear Power Renewables

13. Why hydrogen? Safe Abundant Clean

14. Gasoline tank fire Hydrogen tank fire What About Fire?

15. Commitment Collaboration Discovery Our part in the Hydrogen Economy

16. Commitment May 25, 1961 "to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the Earth." Neil Armstrong: “One small step for man. One giant leap for mankind.” July 20, 1969

17. Collaboration CLEMSON-ICAR Center for Fuel Cell Research

18. Discovery Hydrogen Storage Needs to be about 300 miles – Needs to be about 300 miles Fuel CellCost Fuel Cell Cost – Now about $110 a kW; – Now about $110 a kW; Needs to be about $30 per kW Needs to be about $30 per kW H2 Cost – Now $4 gallon of gas equivalent (gge)Needs to be about $3 gge. – Now $4 gallon of gas equivalent (gge) Needs to be about $3 gge.

19. H-Prize

20. The most non-governmental way government can achieve clear results. Provides results-based financial incentives to harness the creative, can- do spirit of Americans. H-Prize

21. H-Prizes 1) Technical Breakthroughs 2) Prototypes 3) Transformational Technologies

22. We can. Because we have. Transcontinental Railroad last spike on May 10, 1869, at Promontory Summit, Utah

23. We can. Because we have. August 15, 1914 the Panama Canal opened after nine years of grueling effort

24. We can. Because we have. July 16, 1945, Manhattan project results in first successful atom bomb test at Trinity Site

25. How Long? Transcontinental Railroad 1863-1869 6 years Panama Canal 1905-19149 years Manhattan Project 1942-19453+ years Moon Landing 1961-19698 years Hydrogen economy 2003 - ?

26. Want to Land an Eagle?

27. We can. Because we must.