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Enterprise Products Partners LP
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2015 World Petrochemical Conference
| Jim Teague | Page 13 of 11 |
November 21, 2024
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© ALL RIGHTS RESERVED. ENTERPRISE PRODUCTS PARTNERS L.P. 13 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 $0 $20 $40 $60 $80 $100 $120 $140 $160 WHY COULDN’T OPEC PERFORM? Why, despite price increases from $30 to $100+, couldn’t OPEC meet demand, opening the door for U.S. and Canada Non-Conventional development? Does OPEC have low cost reserves and the appropriate tools: culture, rule of law and geo-political stability? Only U.S. Shales and Canada respond to high prices OPEC cannot respond as price doubles OPEC Production U.S. & Canada Production Source: EPD Fundamentals MBPD