KEY DRIVERS OF THE ENERGY SECTOR
1. US Department of Energy, Energy Information Administration, “ Table 1.7 OECD Countries and World Petroleum (Oil) Demand, 1997 – Present, ” March 2008 International Petroleum Monthly (April 11, 2008), http://www.eia.doe.gov/emeu/ipsr/t17.xls (accessed May 5, 2008).
2. US Department of Energy, Energy Information Administration, “ World Petroleum Consumption, Most Recent Annual Estimates, 1980 – 2007 ” (March 28, 2008), http://
www.eia.doe.gov/emeu/international/RecentPetroleumConsumptionBarrelsperDay.xls (accessed May 5, 2008).
3. US Department of Energy, Energy Information Administration, “ US Primary Energy Consumption by Source and Sector, 2006 ” (June 27, 2007), http://www.eia.doe.gov/
emeu/aer/pecss_diagram.html (accessed May 8, 2008).
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4. US Department of Energy, Energy Information Administration, “ Petroleum 2006, ”
Energy Infocard - United States http://www.eia.doe.gov/kids/infocardnew.html (accessed April 10, 2008).
5. US Department of Energy, Energy Information Administration, “ World Proved Crude Oil Reserves, January, 1, 1980 – January 1, 2008 Estimates ” (January 14, 2008), http://
www.eia.doe.gov/pub/international/iealf/crudeoilreserves.xls (accessed May 8, 2008).
6. US Department of Energy, Energy Information Administration, “ World Oil Supply, 1997 – Present ” (April 11, 2008), http://www.eia.doe.gov/emeu/ipsr/t14.xls (accessed May 8, 2008).
7. Canadian Association of Petroleum Producers, “ Industry Facts and Information: Oil Sands, ” http://www.capp.ca/default.asp?V_DOC_ID=688 (accessed May 8, 2008).
8. See note 2.
9. Ibid.
10. See note 4. “ Natural Gas 2006. ”
11. US Department of Energy, Energy Information Administration, “ World Electricity Generation by Fuel, 2004 – 2030 ” (May 2007), http://www.eia.doe.gov/oiaf/ieo/excel/
figure_63data.xls (accessed May 5, 2008).
12. “ Policymakers to Affect North American Gas Security, ” Oil & Gas Journal ( January 29, 2008).
13. US Department of Energy, Energy Information Administration, “ How Natural Gas Was Formed ” (April 2007), http://www.eia.doe.gov/kids/energyfacts/sources/non - renewable/
naturalgas.html#naturalgasformation (accessed April 10, 2008).
14. US Department of Energy, Energy Information Administration, “ World Dry Natural Gas Production, Most Recent Estimates, 1980 – 2006 ” (April 15, 2008), http://www.
eia.doe.gov/emeu/international/RecentNaturalGasProductionTCF.xls (accessed May 5, 2008).
15. US Department of Energy, Energy Information Administration, “ US Natural Gas Imports by Country ” (April 30, 2008), http://tonto.eia.doe.gov/dnav/ng/ng_move_
impc_s1_a.htm (accessed May 8, 2008).
16. US Department of Energy, Energy Information Administration, “ Natural Gas Consumption by End Use ” (April 30, 2008), http://tonto.eia.doe.gov/dnav/ng/ng_
cons_sum_dcu_nus_a.htm (accessed May 8, 2008).
17. US Department of Energy, Energy Information Administration, “ World LNG Imports by Origin, 2006 ” (November 20, 2007), http://www.eia.doe.gov/emeu/international/
LNGimp2006.html (accessed April 10, 2008).
18. Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indices. The MSCI information is provided on an “ as is ” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “ MSCI Parties ” ) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non - infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.
19. Exxon Company Filings, 2007 10 - K.
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20. “ Offshore Rig Review: US vs UK, ” Rigzone.com (January 25, 2007) http://www.
rigzone.com/analysis/rigs/insight.asp?i_id=258 (accessed August 12, 2008).
CHAPTER 3: ENERGY - SECTOR BREAKDOWN
1. MSCI Barra, “ Global Industry Classification Standard, ” http://www.mscibarra.com/
products/gics/index.jsp (accessed April 10, 2008) .
2. Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indices. The MSCI information is provided on an “ as is ” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “ MSCI Parties ” ) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non - infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.
3. Ibid.
4. See note 2.
5. Ibid .
6. Rice University, The Baker Institute Energy Forum, “ The Role of National Oil Companies in International Energy Markets, ” http://www.rice.edu/energy/research/
nationaloil/index.html (accessed April 10, 2008) . 7. See note 2.
8. Ibid .
9. Marathon Petroleum Company LLC, “ Louisiana Refining Division ” (April 9, 2007), http://www.bloomberg.com/apps/news?pid=10000087 & sid=ai2PoL0XZ1zY & refer=to_
world_news (accessed April 10, 2008) . 10. See note 2.
11. Ibid .
12. US Department of Energy, Energy Information Administration, “ International Energy Outlook 2007 ” (May 2007), http://www.eia.doe.gov/oiaf/ieo/coal.html (accessed May 8, 2008).
13. US Department of Energy, Energy Information Administration, “ US Coal Consumption by End - Use Sector, ” http://www.eia.doe.gov/cneaf/coal/quarterly/html/t25p01p1.html (accessed May 8, 2008).
14. US Department of Energy, Energy Information Administration, “ Basic Electricity Statistics ” (November 2007), http://www.eia.doe.gov/basics/quickelectric.html (accessed May 8, 2008).
15. US Department of Energy, Energy Information Administration, “ Coal Consumption in China by Sector, 2004, 2015, and 2030 ” (May 2007), http://www.eia.doe.gov/oiaf/ieo/
excel/figure_58data.xls (accessed April 10, 2008).
16. See note 12.
17. See note 2 .
18. Baker Hughes Investor Relations, “ US Rig Report — Current and Historical Data ” (May 1, 2008), http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm (accessed May 8, 2008).
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19. Baker Hughes Investor Relations, “ International Rig Count Spreadsheet (monthly) ” (May 6, 2008), http://investor.shareholder.com/bhi/rig_counts/rc_index.cfm (accessed May 9, 2008).
20. See note 18.
21. See note 2 . 22. Ibid . 23. See note 18.
CHAPTER 4: WHY WE ’ LL NEVER RUN DRY
1. US Department of Energy, Energy Information Administration, “ World Proved Crude Oil Reserves, January 1, 1980 – January 1, 2008 Estimates ” (January 14, 2008), http://
www.eia.doe.gov/pub/international/iealf/crudeoilreserves.xls (accessed April 10, 2008).
2. Exxon company balance sheet as of December 31, 2007.
3. World Nuclear Association, “ French Nuclear Power Program ” (April 2007), http://www.
world - nuclear.org/info/inf40.htm (accessed April 10, 2008).
4. US Department of Energy, Energy Information Administration, “ OECD Countries and World Petroleum (Oil) Demand, 1970 – 2006 ” (March 7, 2008), http://www.eia.doe.
gov/emeu/ipsr/t46.xls (accessed April 10, 2008).
5. International Energy Agency, “ Key World Energy Statistics 2007, ” p. 42, http://www.iea.org/
textbase/nppdf/free/2007/key_stats_2007.pdf?bcsi_scan_34E336E4D93AA9DD=0 & bcsi_
scan_filename=key_stats_2007.pdf (accessed April 10, 2008).
6. “ How Long Will It Last, ” Popular Mechanics , April 2008.
7. The White House, Office of the Press Secretary, Press Release, “ Fact Sheet: Energy Independence and Security Act of 2007 ” (December 19, 2007), http://www.white- house.gov/news/releases/2007/12/20071219 - 1.html (accessed May 7, 2008).
8. US Department of Energy, Energy Information Administration, “ US Crude Oil Field Production ” (March 25, 2008), http://tonto.eia.doe.gov/dnav/pet/hist/mcrfpus2M.htm (accessed April 10, 2008).
9. Will You Join Us, “ Introduction Homepage, ” Chevron Corporation, http://www.
willyoujoinus.com/energy - issues/supply/default.aspx (accessed April 10, 2008).
10. Brad Reagan, “ America @ $ 100/Barrel: How Long Will the Oil Last? ” Popular Mechanics (April 2008), http://www.popularmechanics.com/science/earth/4254875.html?page=2 (accessed May 8, 2008).
11. US Department of Energy, Energy Information Administration, “ Table 4.6 : OECD Countries and World Petroleum (Oil) Demand, 1970 – 2007 ” (April 11, 2008), http://
www.eia.doe.gov/emeu/ipsr/t46.xls (accessed May 8, 2008).
12. Russell Gold and Ann Davis, “ Oil Officials See Limit Looming on Production, ” Wall Street Journal (November 19, 2007).
13. CERA, Press Release, “ No Evidence of Precipitous Fall on Horizon for World Oil Production: Global 4.5% Decline Rate Means No Near - Term Peak: CERA/HIS Study ” ( January 17, 2008), http://www.cera.com/aspx/cda/public1/news/pressReleases/press ReleaseDetails.aspx?CID=9203 (accessed May 8, 2008).
14. Albert Energy, “ Alberta ’ s Oil Sands, ” http://www.energy.gov.ab.ca/OurBusiness/oilsands.
asp (accessed August 29, 2008).
15. Canada ’ s Oil Sands, “ Overview, ” http://www.canadasoilsands.ca/en/overview/ (accessed August 29, 2008).
16. See note 1.
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17. US Geological Survey, “ Arctic National Wildlife Refuge, 1002 Area, Petroleum Assessment, 1998, Including Economic Analysis ” (August 24, 2005), http://pubs.usgs.
gov/fs/fs - 0028 - 01/fs - 0028 - 01.htm (accessed April 10, 2008).
18. See note 1.
19. Nansen Saleri, “ The World Has Plenty of Oil, ” Wall Street Journal (March 4, 2008), p. A17, http://online.wsj.com/article/SB120459389654809159.html?mod=opinion_main_
commentaries (accessed April 9, 2008).
20. See note 19.
21. Ibid.
22. Cambridge Energy Research Associates, Press Releases, “ No Evidence of Precipitous Fall on Horizon for World Oil Production ” ( January 17, 2008), http://www.cera.com/aspx/cda/
public1/news/pressReleases/pressReleaseDetails.aspx?CID=9203 (accessed April 10, 2008).