Image

The Rotary Club of Capitol Hill hosted the 2015 Energy Panel Summit at the National Guard Museum on Monday, January 26th. Thank you to our panel of experts on energy policy, information and new trends for sharing their insights on oil production, consuming sectors and renewables -- and for answering our questions on why gas prices remain less than a cup of Starbuck's coffee today...and other baffling dynamics!

Natalie Joubert, Vice President, Policy of the Consumer Energy Alliance discussed the four main consuming energy sectors in the US -- Industrial, Transportation, Residential and Commercial. In particular, how the US has become more efficient in the amount of energy consumed versus previous decades while energy costs have risen. These trends play a major role in how policies are developed by the Consumer Energy Alliance and policy makers as they consider the impacts of rising costs on lower income Americans. For further input download these slides by copying/pasting the following in your browser window:

file://DAVIDSTERLING/Users/David%20Sterling/Dropbox/Rotary%20Club%20of%20Capitol%20Hill%20-%20Public/Slides%20for%20Kips%20Rotary%20Club_Jan%2026.pptx

 

Lynn Westfall, Director of Energy Markets and Financial Analysis of the US Energy Information Agency, presented recent trends in the petroleum markets. The recent uptick in US production of oil (and natural gas) stems from new horizontal drilling technology and experience across the country's five major areas of reserves. Most of this land comes from private tracks, where mineral rights are paid to individuals or private companies. This dynamic has been a catalyst for continuing investment in the sector as opposed to other countries, such as Russia. On a global scale, while production in Russia and Saudi Arabia outpaces other competitors, the US has in recent years become a major producer. With continuing investment and distribution for the domestic market, the US is lowering its risk and dependency on foreign oil. For more details, download the following slides:

file://DAVIDSTERLING/Users/David%20Sterling/Dropbox/Rotary%20Club%20of%20Capitol%20Hill%20-%20Public/Rotary%20Presentation.pptx

Jeramy Shays, Director of Transportation for the American Council on Renewable Energy, spoke to the wide range of renewable energy under production both in the US and globally. These include wind, solar, nuclear, geothermal and biomass, biofuels and hydro. As a segment, renewable energy has been responsible for over 35% of all new energy capacity since 2008. Although small in number relative to other sources of energy, renewables are established, growing at a rapid rate, lowering their cost of production, and considered to be a viable alternative within an energy portfolio. Much of the new technology and experience is making for scaling of these alternatives possible. Policies and production targets at both the Federal and State levels are incentivizing experimentation and demonstration of cost improvements. For more details, download the following slides:

file://DAVIDSTERLING/Users/David%20Sterling/Dropbox/Rotary%20Club%20of%20Capitol%20Hill%20-%20Public/Rotary%20Club%20Panel%201-26-15.ppt