profiting from big picture energy trends
DESCRIPTION
A review of how little impact renewables are making on energy supply and why shale gas, shale oil and EOR require investor attention.TRANSCRIPT
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Profiting from Big Picture Energy Trends
Jim Letourneau, P.Geol.Big Picture Guywww.JimLetourneau.com
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Debt/Delevering
ENERGY USE vs GDP
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Debt/Delevering
The daily amount of energy used in the United States, per person, is about as much energy as.... 1.100 watt lightbulb left on for 103
days straight2.707 quarter-pound hamburgers3.Half a tank of gasoline (7 gallons)4.All of the above
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Debt/Delevering
URANIUM
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Debt/Delevering
What country generates the most electricity from nuclear power? 1.Japan2.United States3.France4.Russia
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Debt/Delevering
Powerwave
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Debt/Delevering
OIL
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Debt/Delevering
Most U.S. petroleum imports come from the Persian Gulf
true?false?
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Debt/Delevering
NATURAL GAS
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Debt/Delevering
RENEWABLES
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Debt/Delevering
RENEWABLES HOURLY
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Debt/Delevering
TOTAL HOURLY
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Debt/Delevering
HUNTINGTON BEACH
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Debt/Delevering
SAN GORGIONO
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Debt/Delevering
ENERGY SOURCES
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Debt/Delevering
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Debt/Delevering
What energy source provides the most renewable energy in the United States? 1.Biofuels2.Wind3.Hydropower4.Wood
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Debt/Delevering
3 Game ChangersWas
Shale Gas
Shale Oil
Enhanced Oil Recovery (EOR)
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Debt/Delevering
Shale Gas
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Debt/Delevering
NGV in 1930
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Debt/Delevering
Shale Oil
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Debt/Delevering
Powerwave
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Debt/Delevering
BULLISH on ENERGYNatural Gas - cyclical against a backdrop of 200 yr supply.Look at technology stocks that facilitate NGVs.Look at natural gas users.
Workshop 1- Is American Energy Independence Possible?
Workshop format... Q&A at the end?
My Background - Calgary, Muslim Mayor, KREM/KHQ, KEZE (Spokanes home of rock and roll)
UraniumHATHOR'S ROUGHRIDER EAST DELIVERS BEST HOLE TO DATE: 63.5 M OF 7.75% U3O8, INCLUDING A 17.5 M INTERVAL OF 24.3% U3O8, WITH ASSAYS AS HIGH AS 87.2% U3O
OilRange bound - good for the economy
Natural GasHow low can you go?
Don’t get sucked IN... price is based on supply and demand. Supply has gone through the roof!
Milo Minderbinder, Catch-22I sell everything at a loss but make up for it in volume
3 Game Changers - Shale gas, Shale oil, and EOR
Shale GasTalked with my geology buddies. One works in pipelines, the other policy former head of the AGS.
Canadian Unconventional Gas Technology Road Map - cbm, shale gas, hydrates. June2006
100 mentions of cbm, 50 mentions of shale gas.
Completely missed... BLACK SWANCCSnuclearsustainables
We made $$ on Canadian Spirit - CSI
Last year, thanks to new drilling technologies, the nation's estimated total gas resources jumped by 35 percent from 1,532 trillion cubic feet to 2,074 trillion cubic feet. I couldn't believe these numbers the first time I heard them; that's enough natural gas to power our country through the 21st century. And as it turned out, that was just the start of the story.Last week, J.P. Morgan released a report saying that North America doesn't have 2,000 trillion cubic feet of natural gas in place. It has 8,000 trillion cubic feet. That's four times last year's new and improved numbers. This incredible surge in total gas resources will completely reshape the international energy landscape. Domestic natural gas is going to be so plentiful and so cheap that liquefied natural gas carriers from Qatar and the Middle East will stop coming to the U.S. They'll go to India and China instead. We just won't need them anymore.
Who benefits? EVERYONE of US!!!
The Land Grab is over...
“more than 50% of industry activity is dedicated to simply holding acreage,”
Environmental concerns - personal experience... regsAlso Methanex (MEOH) - methanolWestport Innovations (WPT.TO) LNG/CNG/NGVDynetek Industries (DNK.TO) light CNG cylinders Clean Energy Fuels (CLNE) natural gas fuel for transportationSelect service companies (GasFrac Energy - GFS)
Shale OilBakken, Niobrara, Eagle Ford (liquids rich gas), Cardium, Viking
Oily formations that would flow uneconomic rates with a conventional vertical well. Horizontal drilling AND multistage fraccing are GAME CHANGERS
Crescent Point (CPG.TO, CSCTF)
EORPrimary production, infill drilling, (H or V), waterflooding.1. Gas flooding mostly CO2 - Denbury Resources (DNR)2. Chemical flooding (alkaline surfactant polymer)3. Microbial - Titan Oil Recovery
microbes then seek and surround oil droplets in the sandstones and carbonate strata. This activity dislodges and breaks up oil droplets, which significantly increases oil recovery. Ken Gerbino 1. Thermal (Southern Pacific Resources - STP.TO)2. Novel - Powerwave
But after the 1964 Alaska earthquake, water well levels were off the charts; a well in South Dakota temporarily fluctuated by 7 metres. A well in Florida by 6 meters
Wavefront (WEE.V)Paid for itself in 3 months
Paid out in 3 months22% of proved US reservesonly 27 of OOIP produced
3 Coal Slides
CONCLUSIONPossible. Lack of will.
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Debt/Delevering
BULLISH on ENERGYOil - look for resource plays that are economic today.Oil sandsBakken, Viking, Three Forks, Niobrara, Eagle Ford, Cardium Formations
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Debt/Delevering
BULLISH on ENERGY
TECHNOLOGYEORDRILLINGSOLAR
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Debt/Delevering
THE CASE FOR COAL
China’s energy consumption70% coal20% oil
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Jim Letourneau, P.Geol.Big Picture Guy