Division of Professional Affairs

A Division of the American Association of Petroleum Geologists

Testimony

Division of Professional Affairs

A Division of the American Association of Petroleum Geologists

Testimony

By Dr. M. Ray Thomasson

President,
American Association of
Petroleum Geologists

Testimony Presented to the
UNITED STATES HOUSE
COMMITTEE ON RESOURCES

April 12, 2000

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Illustrations

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Figure 6

Economic Stability through Energy Security

Figure 6. An illustration from the National Petroleum Council report on Natural Gas showing the estimated increase in required capital to develop the projected demand for natural gas supplies.

Substantial increase in capital expenditures will be required.
Total capital expenditures for 1999-2015 will be $785 billion.

Source of historical data: AGA Gas Facts-1998, and estimates from EEA, Inc.

From NPC report on Natural Gas (12/15/1999)

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