CONFERENCE WRAP-UP

1
CONFERENCE WRAP-UP

• Roger K. Conway
• Director
• Office of Energy Policy and New Uses

2
A NEW PARADIGM IN ENERGY PRICES

• US is Mature Oil and Natural Gas Producer
• New Energy Demand From Newly Industrialized
  Countries
• Natural Gas Prices Likely to Remain High
• Middle East Stability South East Asia
• South America
• Africa

3
Framing the Energy Discussion

• Ask The Right Question
• Use A Systems Approach
• Portfolio Balance Model
• Externalities Play A Large Rule

4
Use In Agriculture and Rural America Energy

• Energy is important for farmers and processors.
• The Sector Adjusts in Long Run. The Price System
  Works.
• International Competitiveness For Agriculture
• Electricity Markets and Grid Reliability
• Homeland Security

5
AGRICULTURE AS A PROVIDER OF ENERGY

• May Not Need A One-to-One Displacement For Energy
  Security
• Technical Resource Capacity Enough To Be Part Of
  Solution
• Infrastructure A Major Hurdle
• Costs Are Coming Down
• Focus On Imports Not Entire Transportation Fuel
  Market
• Externalities Play A Large Role
• Energy, Environmental, Agricultural Policy Must
  Be Coordinated
• Technology Transfer of Renewables

6
AGENDA FOR THE FUTURE

• Need Better Data, and Address Data Gaps, Update
  Estimates For Energy Use in Agriculture
• More Complete Information and Assessment of
  Energy Disruption on AG and Processing Sector
• Need Nonmarket Valuation of Renewables
• Estimating Net Energy Use in the Agricultural
  Sector
• Opportunities for Hydrogen and Fuel Cell Use in
  Agriculture
• Use Systems Approach for Policy