America

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Americas Oil and Natural Gas Industry Securing
Americas Energy Future A Reality Check
Rayola Dougher API Senior Economic Advisor
dougherr_at_api.org
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• In 2008, which of the following countries was the
  largest U.S. supplier of imported oil?
• Saudi Arabia
• Canada
• Venezuela
• China
• Not Sure

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• What percentage of oil imports could be displaced
  if oil and natural gas companies were allowed to
  produce resources off the U.S. coasts?
• Less than 10
• 10 to 15
• 16 to 20
• 21 to 30
• Not Sure

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Key Policy Assumption

• Oil profits are too high

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• In 2008, how many cents did the U.S. oil and
  natural gas industry earn on every dollar of
  sales?
• 0 to 10 cents
• 11 to 20 cents
• 21 to 30 cents
• 31 to 40 cents
• Not Sure

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• What percent of U.S. oil companies stocks are
  owned by corporate management?
• 0 to 5
• 6 to 15
• 16 to 25
• More than 25
• Not Sure

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Key Policy Assumption

• Tax oil to fuel alternatives

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• How much do oil companies pay in income taxes as
  a share of their income?
• Less than 15
• 15 to 30
• 31 to 45
• 46 to 65
• Not Sure

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• How much did the oil and natural gas industry pay
  in taxes over the past 3 years?
• Less than 100 billion
• 100 to less than 200 billion
• 200 to less than 300 billion
• 300 billion or more
• Not Sure

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• Carbon Emissions Per Capita Assuming
  Waxman-Markey Targets Are Met

Metric Tons of CO2 Per Capita
Metric Tons of CO2
Targeted Reductions
Source Garrett A. Vaughn, How Much Will
Americans Pay to Meet President Obamas Timetable
for Cutting Greenhouse Gas Emissions?
Manufacturers Alliance/MAPI, ER-676, April 2009.
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• Assuming huge increases in alternative energy
  sources, what percentage of the U.S. energy
  demand will be met by oil and natural gas in
  2030?
• 0 to 15
• 16 to 30
• 31 to 45
• 46 to 60
• Not Sure

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