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Transcripts For CSPAN3 Key Capitol Hill Hearings 20140708

Production of a half Million Barrels a day by the tomb of president penas end of term and then maybe a Million Dollars a day by 2025. So thats a conservative number in terms of the Resource Base and in terms of what might be possible. Just looking across the divide where technically recoverable resources on the mexican side exceed those on the u. S. Side and the eagleford would not take much if this were the United States to get on shore conventional nonconventional production up to a half Million Barrels a day let alone whatever might be happening on the conventional side. Canadian production is likely to continue. These quasiofficial numbers based on the cap. So current production in canada is roughly three and a half Million Barrels a day. And we can kind of readily project five Million Barrels a day adjusted for where the price of oil may be but theres going to be an uplift as canadian oil reaches water borne markets in terms of the net back price to the well head, even if global p

Transcripts For CSPAN3 Key Capitol Hill Hearings 20140708

And the down side of that is that most probably there will be a contamination of the discussion because the discussions of these are transnationals and they will clearly raise the issues. Its already starting an interesting debate about those issues. But those are the ones that im not talking about the air, thats a different emissions of co 2 or Something Like that, thats different. Im talking about more the water issues. Weve got three more questions, i think thats going to have to wrap it up because i know two of our speakers have tight travel schedules. One and two more over here. Thank you very much for your presentations. Im from georgetown university. There have been many comments about the excess of optimism in the goals and benefits from the Energy Reform recently. The oxford incident which i believe mr. Haas is somewhat familiar because it was a paper recently released that was highlighting the lack of services for the water exploration, that the new fields would hardly offset

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