1. Energy Information Administration Official Energy Statistics from the U.S. Government Annual Energy Outlook 2008 Energy Information Administration December 12, 2007 www.eia.doe.gov

2. AEO2008 Press Conference Presentation: December 12, 20072 Reference High Price Low Price ProjectionHistory World oil prices are higher in all AEO2008 cases 2006 dollars per barrel

3. AEO2008 Press Conference Presentation: December 12, 20073 20102020 Nuclear Natural Gas Petroleum Coal 2030 Renewables 100.0 123.8 131.2 113.6 118.2 103.6 106.5 U.S. primary energy consumption is lower in all years quadrillion Btu

4. AEO2008 Press Conference Presentation: December 12, 20074 HistoryProjection Energy use per capita is constant and per dollar of GDP falls at 1.6 percent per year (index, 1970=1.0)

5. AEO2008 Press Conference Presentation: December 12, 20075 Industrial Transportation Residential and Commercial Electric Power ProjectionHistory Transportation sector dominates liquid fuel consumption million barrels per day

6. Net liquids import dependence is lower in AEO2008 Consumption Domestic supply Net Imports History Projection AEO2008 AEO2007 million barrels per day 60% 59% 61%

7. AEO2008 Press Conference Presentation: December 12, 20077 Domestic crude oil production grows in the near term Lower 48 Onshore Lower 48 Offshore Projection History Alaska AEO2007 AEO2008 million barrels per day

8. AEO2008 Press Conference Presentation: December 12, 20078 Carbon Dioxide Enhanced Oil Recovery Conventional + Other EOR AEO2007 AEO2008 Lower-48 onshore carbon dioxide enhanced oil recovery grows rapidly million barrels per day

9. Corn Based Renewable Fuel Standard Cellulose Based Ethanol supply dominated by corn exceeds the RFS, includes strong growth in imports Imports billion gallons

10. AEO2008 Press Conference Presentation: December 12, 200710 20102020 Transportation Residential Commercial Industrial 2030 21.8 23.4 26.1 24.1 26.3 23.2 24.0 Natural gas consumption is lower in all sectors in AEO2008 compared to AEO2007 Electric Power Trillion cubic feet

11. Natural gas consumption and production is lower and the net import share narrows HistoryProjection Consumption Production AEO2007 AEO2008 Net Imports trillion cubic feet 16% 15% 21%

12. AEO2008 Press Conference Presentation: December 12, 200712 ProjectionHistory Pipeline LNG AEO2007 AEO2008 Net pipeline and, particularly, LNG imports are lower in AEO2008 trillion cubic feet

13. AEO2008 Press Conference Presentation: December 12, 200713 HistoryProjection Despite lower demand, natural gas wellhead prices are slightly higher in AEO2008 2006 dollars per thousand cubic feet

14. AEO2008 Press Conference Presentation: December 12, 200714 22.5 22.9 26.5 Coal-to- Liquids Other Electric Power 32.8 U.S. coal consumption is predominantly used for electricity generation with growing use for CTL quadrillion Btu

15. AEO2008 Press Conference Presentation: December 12, 2007 15 20102020 3,821 4,021 4,132 4,571 4,756 Transportation Residential Commercial Industrial 2030 5,478 5,149 U.S. electricity consumption is lower in AEO2008 billion kilowatthours

16. AEO2008 Press Conference Presentation: December 12, 200716 Coal dominates capacity additions, but nuclear/renewables play a growing role Natural Gas Coal Renewables Nuclear gigawatts

17. AEO2008 Press Conference Presentation: December 12, 200717 - percent of total Natural gas generation is offset by growth in coal, nuclear and renewable generation 57 15 16 9 2 billion kilowatthours

18. AEO2008 Press Conference Presentation: December 12, 200718 Strongest growth in renewable electricity generation is in biomass and wind billion kilowatthours

19. AEO2008 Press Conference Presentation: December 12, 200719 HistoryProjection U.S. electricity price follow pattern similar to delivered fuels used at power plants 2006 cents per kilowatthour

20. AEO2008 Press Conference Presentation: December 12, 200720 AEO2008 2030 AEO2007 2030 2006 Total Carbon Dioxide Emissions Total CO 2 emissions in 2030 are down in AEO2008 with decline in energy consumption million metric tons Delivered, including losses

21. AEO2008 Press Conference Presentation: December 12, 200721 Annual Energy Outlook 2008 reference case indicates that through 2030.... U.S. energy demand grows at an average annual rate of 0.9 percent The energy efficiency of the economy improves at an average annual rate of 1.6 percent U.S. oil import dependence, measured as a share of U.S. oil use, does not increase over the next 25 years U.S. natural gas use declines over the last decade of the projection Future growth in U.S. natural gas supplies depends on unconventional domestic production, natural gas from Alaska, and liquefied natural gas imports Carbon dioxide emissions from energy grow at an average annual rate of 0.9 percent