1. www.eia.gov U.S. Energy Information Administration Independent Statistics & Analysis Energy Markets Outlook for Center for Strategic & International Studies November 16, 2015 | Washington, D.C. by Adam Sieminski, Administrator U.S. Energy Information Administration

2. EIA expects WTI oil prices to remain low compared to recent history, but the market-implied confidence band is very wide Source: EIA, Short-Term Energy Outlook, November 2015 WTI price dollars per barrel 2 CSIS | Energy Markets Outlook November 16, 2015 2013

3. Henry Hub natural gas prices are forecast to average $3/MMBtu in 2016, with relatively wide market-implied confidence bands Source: EIA, Short-Term Energy Outlook, November 2015 Henry Hub natural gas price dollars per million Btu 3 CSIS | Energy Markets Outlook November 16, 2015 2013

4. Production growth in top crude producing regions (Permian, Bakken, Niobrara, and Eagle Ford) reverses in early 2015 Source: EIA, Drilling Productivity Report, November 2015 (chart extends to December 2015) monthly percent change three month rolling average 4 CSIS | Energy Markets Outlook November 16, 2015

5. world supply and demand million barrels per day (MMb/d) implied stock change million barrels per day Oil supply and demand begin to rebalance in 2016 Source: EIA, Short-Term Energy Outlook (November 2015) 5 CSIS | Energy Markets Outlook November 16, 2015

6. World energy-related carbon dioxide emissions continue to grow in IEO2013 assuming then-current policies; IEO2015 will show a lower growth trajectory Source: EIA, International Energy Outlook 2013 carbon dioxide emissions billion metric tons 6 CSIS | Energy Markets Outlook November 16, 2015 History Projections 2010