Pbf Energy Inc. · NYSE:PBF
Pbf Energy — 2014 Deloitte Oil & Gas Conference
13 slides from Pbf Energy's conference presentation, Nov 18, 2014
Slide 1: The Next Chapter of the Energy Renaissance
“The Next Chapter of the Energy Renaissance” 2014 Deloitte Oil & Gas Conference Thomas D. O’Malley Executive Chairman, PBF Energy November 18, 2014
Slide 2: Energy Policy and Conservation Act of 1975
Energy Policy and Conservation Act of 1975 An Act to increase domestic energy supplies and availability 2
Slide 3: Energy Security and Independence Act of 2007
Energy Security and Independence Act of 2007 An Act to move the United States toward greater energy independence and security 3
Slide 4: Comparing U.S. Crude Oil Production
Comparing U.S. Crude Oil Production Source: U.S. Energy Information Agency 8,776 MB/D 8,382 MB/D 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 2014 YTD 1974 4 (T h o u sa n d s)
Slide 5: Comparing U.S. Crude Oil Imports
Comparing U.S. Crude Oil Imports 3,467 MB/D 7,055 MB/D 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000 Source: U.S. Energy Information Agency 2014 YTD 1974 5 (T h o u sa n d s)
Slide 6: Comparing U.S. Refining Production
Comparing U.S. Refining Production U.S. Production U.S. Net Imports U.S. Refineries Utilization 1974 8,776 MB/D 70.0% 3,467 MB/D 30.0% 273 88.35% 2014 YTD 8,382 MB/D 54.0% 7,055 MB/D 46.0% 142 89.87% Source: U.S. Energy Information Agency 6
Slide 7: U.S. Refining Utilization
14 13 18 16 0 2 4 6 8 10 12 14 16 18 20 T h o u s a n d s Operable Capacity - MMB/D Gross Input - MMB/D U.S. Refining Utilization Source: U.S. Energy Information Agency 2014 YTD 2014 YTD 1974 1974 7
Slide 8: Principal U.S. Middle East Import Sources
Principal U.S. Middle East Import Sources 1974 – MB/D 2014 – MB/D Saudi Arabia 435 1,285 Iraq 0 384 Kuwait 0 354 TOTAL 435 2,023 8 Source: U.S. Energy Information Agency
Slide 9: Net Clean Product Demand
Net Clean Product Demand Clean Product Demand 1974 2014 YTD 9.5 MMB/D 12.8 MMB/D - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 9 (T h o u sa n d s) Source: U.S. Energy Information Agency
Slide 10: Net Clean Products Imports and Exports
Net Clean Products Imports and Exports Net Clean Products Imports and Exports 500 MB/D (695) MB/D (800) (600) (400) (200) - 200 400 600 1974 2014 YTD 10 (T h o u sa n d s) Source: U.S. Energy Information Agency
Slide 11: Repeal of Crude Export Ban Will Increase Gas Prices
Repeal of Crude Export Ban Will Increase Gas Prices Crude export ban has resulted in lower U.S. crude prices. That is why producers want law changed EIA Report (October 2014) concluded: Lower U.S. crude prices and low natural gas prices have lead to increased crude runs by U.S. refiners and mo
Slide 12: Repeal Export Ban = Higher Oil Prices = Higher Gasoline Prices = Voter Anger
Repeal Export Ban = Higher Oil Prices = Higher Gasoline Prices = Voter Anger 12
Slide 13: There is nothing more uncommon than common sense
“There is nothing more uncommon than common sense” - Frank Lloyd Wright 13