Remarks by President Barack Obama on America's Energy Security
America's New Energy Abundance
1
AMERICA’S NEW ENERGY ABUNDANCE AMERICA’S ENERGY SECURITY IS IMPROVING MEASURING OUR ENERGY RISKS The Institute for 21st Century Energy’s Index of U.S. Energy Security Risk measures 37 different metrics and compares them to America’s average energy risk from 1970 to the present. It also looks forward to 2040 to determine if our energy security will improve or decline – and why. AMERICA’S ENERGY REVOLUTION For the second year in a row, we have seen America’s energy security risk improve. Of the 37 Index metrics, 14 AMERICA HAS: SURPASSED RUSSIA AND SAUDI ARABIA IN ENERGY PRODUCTION INCREASED CRUDE OIL PRODUCTION 48% SINCE 2008 INCREASED NATURAL GAS PRODUCTION 53% SINCE 2008 showed an increase in risk of 1% or more 10 showed an decrease in risk of 1% or more showed essentially no change in risk in 2013 11 2013 2009 1970 1972 1978 1992 2000 2011 2008 1980 U.S. Energy Security Risk Index, 1970-2040 0 4 0 2 5 3 0 2 0 3 0 2 5 2 0 2 0 2 0 2 5 1 0 2 0 1 0 2 5 0 0 2 5 9 9 1 0 0 0 2 0 9 9 1 5 8 9 1 0 8 9 1 5 7 9 1 0 7 9 1 50 60 70 80 90 100 110 Historical Forecast Index Value (1980 = 100) Higher Risk Lower Risk IN 2013: 18% Risk related to crude oil imports DECREASED BY 16% Risk related to natural gas imports DECREASED BY We paid $61 BILLION LESS to foreign energy supplies AMERICA THE ENERGY SUPERPOWER America is producing so much more oil and natural gas thanks to the “shale gale” that we are becoming a vital force in stabilizing world energy markets. The decline in our energy risk is being driven by America’s domestic energy revolution, but improvements in our energy security are not a given. Poorly designed policies that limit access to resources, and regulatory overreach have created uncertainty that threatens to hold back U.S. energy production. North Dakota More than a MILLION Barrels per Day Increase in oil prodution by 177% since 2010 Texas ranks as one of the ten largest oil producers in the world Texas TOP TEN HELP PROTECT AMERICA’S ABUNDANT ENERGY FUTURE See for yourself at ENERGYXXI.ORG/ENERGYSECURITY www.facebook.com/energyxxi @Energy21 The 5th annual U.S. Energy Security Risk Index shows that America’s risk has declined for a second straight year. The energy revolution has made America more secure and has helped protect American consumers from global disruptions. GAS Pennsylvania Fastest growing natural gas-producing state in the nation Marketed natural gas production grew by 72% from 2011 to 2012 SOURCE: U.S. Energy Information Administration, State Profiles and Energy Estimates SOURCES: • Index of U.S. Energy Security Risk, 2014 Edition • Energy Works for US • U.S. Energy Information Administration
-
Upload
us-chamber-of-commerce -
Category
Environment
-
view
1.242 -
download
2
description
The Index of U.S. Energy Security Risk: Assessing America's Vulnerabilities in a Global Energy Market is an annual energy risk indicator, which uses quantifiable data, historical trend information, and government projections to identify the policies and other factors that contribute positively or negatively to U.S. energy security.
Transcript of America's New Energy Abundance
AMERICA’S NEW ENERGY ABUNDANCE
AMERICA’S ENERGY SECURITY IS IMPROVING
MEASURING OUR ENERGY RISKS
The Institute for 21st Century Energy’s Index of U.S. Energy Security Risk measures 37 different metrics and compares them to America’s average energy risk from 1970 to the present. It also looks forward to 2040 to determine if our energy security will improve or decline – and why.
AMERICA’S ENERGY REVOLUTION
For the second year in a row, we have seen America’s energy security risk improve.
Of the 37 Index metrics,
14
AMERICA HAS:
SURPASSED RUSSIA AND SAUDI ARABIA IN
ENERGY PRODUCTION
INCREASED CRUDE OIL PRODUCTION 48%
SINCE 2008
INCREASED NATURAL GAS PRODUCTION 53%
SINCE 2008
showed an increase in risk of1% or more
10showed an decrease in risk of1% or more
showed essentially no change in risk in 2013
11
20132009
19701972
1978
1992
2000
201120081980
U.S. Energy Security Risk Index, 1970-2040
040253020302520202025102010250025991 00020991589108915791079150
60
70
80
90
100
110
Historical Forecast
Inde
x Va
lue
(198
0 =
100)
Higher Risk
Lower Risk
IN 2013:
18%
Risk related to crude oil imports DECREASED BY
16%
Risk related to natural gas imports DECREASED BY
We paid
$61 BILLION LESS
to foreign energy supplies
AMERICA THE ENERGY SUPERPOWER
America is producing so much more oil and natural gas thanks to the “shale gale” that we are becoming a vital force in stabilizing world energy markets.
The decline in our energy risk is being driven by America’s domestic energyrevolution, but improvements in our energy security are not a given.Poorly designed policies that limit access to resources, and regulatoryoverreach have created uncertainty that threatens to hold back U.S.energy production.
North DakotaMore than a MILLIONBarrels per Day
Increase in oil prodution
by 177% since 2010
Texas ranks as one of the ten largest oil producers in the world Texas
TOP TEN
HELP PROTECT AMERICA’S ABUNDANT ENERGY FUTURE
See for yourself at ENERGYXXI.ORG/ENERGYSECURITY
www.facebook.com/energyxxi@Energy21
The 5th annual U.S. Energy Security Risk Index shows that America’s risk has declined for a second straight year. The energy revolution has made America more secure and has helped protect American consumers from global disruptions.
GAS
PennsylvaniaFastest growing natural gas-producing state in the nation
Marketed natural gas production grew by 72% from 2011 to 2012
SOURCE:
U.S. Energy Information Administration, State Profiles and Energy Estimates
SOURCES:
• Index of U.S. Energy Security Risk, 2014 Edition• Energy Works for US• U.S. Energy Information Administration
