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Utah’s Energy and Mineral Position in a Resource Constrained World

Utah’s Energy and Mineral Position in a Resource Constrained World. Presented by David Tabet Energy and Minerals Program Manager of the Utah Geological Survey To the Sutherland Institute April 22, 2008. Utah Geological Survey Mission.

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Utah’s Energy and Mineral Position in a Resource Constrained World

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  1. Utah’s Energy and Mineral Position in a Resource Constrained World Presented by David Tabet Energy and Minerals Program Manager of the Utah Geological Survey To the Sutherland Institute April 22, 2008

  2. Utah Geological Survey Mission • Provide timely scientific information about Utah’s geologic environment, resources and hazards (UGS does research, not regulation). • Strong emphasis on outreach. The UGS is committed to cooperation with local, state and federal agencies, universities, industry, and private groups to promote economic development and public safety in Utah. Want to help decision makers and the public be more knowledgeable about natural-resource issues facing the state.

  3. UGS Energy Statistics(web data on production, prices, consumption) http://geology.utah.gov/sep/energydata/index.htm

  4. UGS Goals • Identify, inventory, assess and encourage prudent development of Utah’s mineral, energy, ground-water, and paleontological resources. • Identify, inventory, assess, and mitigate Utah’s geologic hazards and subsurface environmental hazards to promote safe and responsible land use. • Serve as a repository of geologic samples and data for Utah. • Provide accurate and timely geologic, topographic, and energy information and advice to government, industry, educators, and the public. • Prepare, publish, and distribute maps and reports on the geology of the state.

  5. Natural Resources Facing Higher Demand from China (and India) “Chinese companies and their rivals are scouring the globe from Australia to Africa for access to the raw materials needed to sustain the Asian nation’s growth as commodity prices surge.” --June 23, 2006 (Bloomberg)

  6. Rapid Chinese GDP Growth Thru 1990s 2003 GDP – $1.4 trillion 1998 GDP – $0.6 trillion $ millions

  7. Net Importer as of mid-1990s Oil Supply & Demand - China

  8. Coal Supply & Demand - China Note: in 2008 demand passed production capacity

  9. Copper Supply & Demand - China

  10. China now the #1 importer of iron ore. Imports of Iron Ore 1980-2003 Sources: U.S. Geological Survey Minerals Yearbook; United Nations Conference on Trade and Development.

  11. US Exports of Molybdenum to China and India

  12. Utah is resource-rich (natural resources a strong economic contributor) 7% of Utah GDP; > 55% of exportvalues. Natural gas, copper, and molybdenum dominant

  13. Utah’s Oil Supply & Demand Consumption Production

  14. Utah’s Natural Gas Supply & Demand

  15. Utah’s Coal Supply & Demand

  16. Utah’s Conventional Energy Reserves (2006 leased and proven quantities; from EIA)

  17. Utah’sOil and Gas Fields 2007 Production 19.5 million bbls oil 385 billion cu. ft. gas

  18. Utah’sOil and Gas Conflicts BLM WSAs Nat’l. Park & Rec. Areas Oil shale resources Tar sand resources Coal resources

  19. Location of Utah’s Coal Resources Known minable resources about 14.8 billion tons in beds >4 ft thick, and shallower than 3000 ft

  20. Conflicts with Utah’s Coal Resources National Parks and Monuments Wilderness Study Areas Oil and gas fields Tar sand deposits

  21. Location of Utah’s Uranium Resources Know minable resources about 13 million tons at 0.1-0.5% U3O8 Shootaring Mill White Mesa Mill

  22. Conflicts with Utah’s Uranium Resources National Parks and Monuments Wilderness Study Areas Oil and gas fields Wilderness Areas

  23. Utah’s Oil Shale Resources 158-billion-barrel in-ground resource

  24. Oil Shale Conflicts with Other Resources

  25. Utah’s Resource Wealth Includes: • Base and precious metals • Beryllium • Limestone and gypsum • Saline resources • Potash and phosphate (all are affected by similar types of conflicts)

  26. Tough management decision face development of Utah energy and mineral resources! Utah’s energy and mineral future

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