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Pages 1-12

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From page 1...
... The ERP portfolio includes research and assessments on both the domestic and the international endowment of technically recoverable hydrocarbon-based resources such as oil, natural gas, and coal, as well as for other geologically based resources that may be important contributors to the future U.S. energy mix (e.g., geothermal, methane hydrates)
From page 2...
... The United States has become a net energy exporter owing to growing oil and gas production, but demand for and production of renewable fuels could reduce oil and gas demand in the future. A secure, resilient, environmentally responsible, and economically competitive national energy supply is dependent on a collective effort to meet certain challenges in the energy sector.
From page 3...
... Subsurface storage options include compressed air energy storage (CAES) in geologic formations, pumped hydroelectric energy storage, gas storage (e.g., liquefied natural gas)
From page 4...
... When considering program priorities, the ERP needs to remain aware of its mission and core competencies and consider the appropriateness of future expenditures on activities unrelated to geologic energy resources. ERP core competencies may also change as the domestic and international energy mix and related information needs evolve.
From page 5...
... Continued ERP collaboration on hydrate research activities in the United States and internationally and expanded consideration of environmental consequences have the potential to make the United States the world leader in methane hydrates as an energy asset. The priority given to hydrates research in the next 10-15 years, however, needs to be reassessed continually given the expected reliance on natural gas during that period, whether or not responsible and economic hydrate production technologies can be developed, and how these combine to influence the nation's future energy mix.
From page 6...
... Recommendation 4: Compile and incorporate data related to environmental impacts of resource development into ERP products. Informed decision making by policy makers, energy developers, land managers, and others requires a complete understanding of all the factors that affect the total costs of energy development.
From page 7...
... Recommendation 6: Improve assessments of geologic energy resources by quantifying resources according to quality and recoverability. The ERP does not conduct economic analyses, but it could support such analyses by providing resource quality and recoverability information that helps others relate resource availability to economics of extraction under varying market conditions.
From page 8...
... Efforts to develop the next generation of ERP assessments could combine regional data and numerical models to understand multicommodity, basin-scale geologic energy resource inventories. This is possible when evaluating oil and gas, coal, multiple renewable resources, water volumes and distribution, and the potential for subsurface energy storage or waste sequestration, given the many common geologic processes associated among these assessment needs.
From page 9...
... Recommendation 8: Become the recognized custodian of national-scale, publicly available geologic energy resource data. There is no single source of consistent, national-scale geologic data to support geologic resource development, research, policy, and regulation.
From page 10...
... Regular, formalized engagement with stakeholders could help the ERP establish program priorities; identify emerging issues that affect the accessible energy resource inventory; review ERP program competencies; and identify new geologic energy resources and assessment and development methodologies that would
From page 11...
... The next-generation resource assessments will provide the data to support full-lifecycle and full-systems analyses by ERP product consumers and include information about the quality, quantity, and recoverability of multiple commodities, as well as spatial information related to production needs and the impacts on infrastructure and the environment. Future assessments will support scenario analyses by product consumers so that potential lifecycle economic and environmental impacts of energy development options might be explored.
From page 12...
... 12 Future Directions for the USGS's Energy Resources Program based energy resources, and the needs of its product consumers, it will be better prepared to bring the scientific information together in formats most useful for decision making.


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