Vancouver 2009

04/11/23 BIG PICTURE SPECULATOR 1

BIG PICTURE

S P E C U L A T O R

3 Ways to Profit from the Energy

Bull Market

Jim Letourneau, P. Geol.Big Picture Guy

Vancouver Resource Investment Conference

January 26, 2009


Jim Letourneau

• B.Sc. In Geology 1985 from UofA

• Specializing in petroleum geology and geochemistry

• 2 CSPG Tracks Awards

• CSPG Link Award

• NEB Hearing expert witness

• Interviewed on CBC, CNBC Asia Energy TV


Experience is something you don't get until just after you need it.

Steven Wright


The “Investing” Game


Social Media

Blog

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Email


Blog


Google Reader


Facebook


Twitter


Twhirl


The Hard Truth

864.4


Oil Price


Uranium Price


On the Bright Side

• Boosted Community Spirit• Seeing the Big Picture• Cheap Gas• The Return of Customer Service• Affordable Housing


On the Bright Side

• Artistic Creativity• Income-Driven Energy

Conservation• Rediscovering Our Backyard• Air Travel - Affordable and on Time


Profiting from Peak Oil

• Was Peak Oil just a dream?

• The Obama Effect - winners and losers


Hubbert’s Peak?


Hubbert Trivia

• Correct statement of Darcy's Law.• Mathematical demonstration that rock in the

Earth's crust is plastic, and that the Earth's crust deforms over time.

• Prediction of migration paths of hydrocarbons.• Demonstration that the Earth's endowment of

crude oil is finite, that the rate of oil production reaches a maximum (i.e., peaks) when approximately half of the original resource remains, and thereafter goes into irreversible decline.


There is HOPE


We are not out of oil!

• The world as consumed about 1.1trillion barrels of oil in all history.

• The world knows where the next 1.3 trillion barrels of oil are to be found.

• At least another 3-6 trillion barrels of oil are thought to be open to discovery.

Tim Wood’s Do You Assume?


Salt Creek, Texas


Weyburn, Saskatchewan


The EOR Wedge


US DOE Statistics


The Companies

• Wavefront Energy and Environmental Services TSXV:WEE

• Cano Petroleum AMEX:CFW


Wavefront Update

• Here's the math. We charge $36,000 for the use of each (pulsing injector) tool for a year. It cost this oil company about $235,000 to license the tools and have them installed by a service rig. Their net return was $1.2 million


Obama and Energy


Solar Bears


Inconvenient Weather


Obama on Coal

If somebody wants to build a coal-powered plant ... it will bankrupt them, because they're going to be charged a huge sum for all that green-house gas being emitted.

Interview by the San Francisco Chronicle, January 17, 2008


Obama on Oil

a 19th century fossil fuel that is dirty, dwindling, and dangerously expensive

Las Vegas - June, 2008


US Energy Consumption

Energy consumptioncorrelates to GDP


World Energy Consumption


SOS - Airline Funded


Pickens Plan


Pickens Plan

• Transition to more wind power from 1-20% of electricity needs

• Use natural gas for transportation

• Easy oil has been produced

• Greenhouse gas emissions from natural gas are 23% lower than diesel and 30% lower than gasoline.


Priorities Poll


Where are we now?

• The world consumes about 1 cubic mile of oil per year. Which is equivalent to: covering 4.2 billion houses with solar

panels. building 2,500 90MW nuclear plants. installing 3 million wind turbines.

Tim Wood’s Do You Assume?


Geothermal


What is This?


#1 Geothermal

• Nevada Geothermal Power (NGP.V)

• Polaris Geothermal Inc. (GEO.V)

• Sierra Geothermal Power Corp. (SRR.V)

• US Geothermal Inc. (GTH.TO)


#2 Uranium

•UR-Energy (URE.TO)•Pitchstone Exploration (PXP.V)

•Hathor Exploration (HAT.V)


#3 Energy Efficient Cars

•Great Western Minerals (GWG.V)

•Avalon Ventures (AVL.V)• Sociedad Quimicay Minera de Chile S.A. (SQM)


Connect

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Vancouver 2009

Economy & Finance

Transcript of Vancouver 2009