The Keys to Energy Security

By 2030, the United States could secure 92 percent of its liquid fuels from secure sources (i.e. the U.S. and Canada) with access to oil resources on public lands and in federal waters that are currently off-limits, and with the approval of the Keystone XL Pipeline which would bring additional oil supplies from Canada.

Potential Liquid Fuel Supply--2030
Rest of the World 8%

Currently, we depend on sources outside the U.S. and Canada for 38 percent of our liquid fuels, according to the U.S. Energy Information Administration. With no changes to policy, plus continuing growth in biofuels under current law, EIA forecasts that would shrink to about 30 percent in 2030. However, with sensible changes to oil and natural gas policy we could reduce that to 8 percent, while at the same time creating massive numbers of new U.S. jobs and huge amounts of revenue for our government.

United States and Canada 92%

Energy security is attainable. We can control our energy destiny.

2010 Liquid Fuel Supply

2030 Liquid Fuel Supply

Rest of the World 38% United States and Canada 62%

Rest of the World 30% United States and Canada 70%

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SOURCES:
EIA Forecast mb/d U.S. Biofuels Canada Rest of World U.S. Liquid Fuel Supply   Percentages U.S. Biofuels Canada Rest of World U.S. Liquid Fuel Supply Source: EIA, AEO, April 2011 2010 19.05 8.50 1.01 2.33 7.20 19.04 2010 45% 5% 12% 38% 100%     2020 20.58 9.45 1.86 2.52 6.74 20.58 2020 46% 9% 12% 33% 100%   2025 20.94 9.48 2.40 2.45 6.61 20.94   2025 45% 11% 12% 32% 100%   2030 44% 14% 12% 30% 100% 2030 21.34 9.49 2.92 2.51 6.43 21.35

Potential 2010 2020 2025 2030 mb/d   U.S. + access 8.50 10.31 12.29 13.27 Biofuels 1.01 1.86 2.40 2.92 Canada + pipeline 2.33 3.35 3.28 3.34 Rest of World 7.20 5.05 2.97 1.82 Total 19.04 20.58 20.94 21.35     Percentages 2010 2020 2025 2030 U.S. + access 45% 50% 59% 62% Biofuels 5% 9% 11% 14% Canada + pipeline 12% 16% 16% 16% Rest of World 38% 25% 14% 8% Total 100% 100% 100% 100% Sources: API calculation based on EIA, “Annual Energy Outlook 2011,” April 2011; Wood Mackenzie, and U.S. Department of State “Energy Policy at a Crossroads,” January 2011 estimate of 3.78 million b/d from additional access by 2030 (Sponsored by API) “Supplemental Draft Environmental Impact Statement for Keystone XL Project,” April 2011 estimate of 830,000 b/d supply to the U.S. from the Keystone XL Pipeline

Two Keys to Security
1. Access: Allowing access to oil and natural gas resources currently off-limits would increase U.S. crude oil production by nearly 1 million barrels per day by 2020 and 4 million barrels per day by 2030. 2. Canadian oil sands pipeline expansion: State Department approval of the Keystone XL pipeline expansion could bring an extra 830,000 barrels per day to the U.S. within the decade.
http://www.eia.gov/forecasts/aeo/ http://www.api.org/Newsroom/upload/SOAE_Wood_Mackenzie_Access_vs_Taxes.pdf http://energy.nationaljournal.com/2011/05/should-obama-back-oil-pipeline.php#1998574

Learn more at www.energytomorrow.org

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