A DIVIDED EUROPE

A DIVIDED EUROPE

A DIVIDED EUROPE

A DIVIDED EUROPE

THE RUSSIAN TWILIGHT

THE RUSSIAN TWILIGHT

Trans-Siberian Highway, completed in 2004!

THE RUSSIAN TWILIGHT

THE RUSSIAN TWILIGHT

THE RUSSIAN TWILIGHT

CHINA’S COMING CRISIS

CHINA’S COMING CRISIS

CHINA’S COMING CRISIS

DEMOGRAPHICS

DEMOGRAPHICS

THE AMERICAN ERA

THE AMERICAN ERA

THE AMERICAN ERA

THE AMERICAN ERA

THE AMERICAN ERA

Mexico  35%  

Canada  9%  

China  4%  

Brazil  4%  

Netherlands  3%  

Korea,  South  3%  

Singapore  3%  

Colombia  2%  

Others  37%  

Texas  Export  Markets  

THE AMERICAN ERA

THE AMERICAN ERA

THE AMERICAN ERA

THE AMERICAN ERA

THE AMERICAN ERA United States

Middle East

FSU Europe China

Deep capital supplies

5 4 2 4 3 Culture of innovation and experimentation

5 1 2 3 2

Preexisting collection/ distribution infrastructure

5 2 5 4 2

Large volumes of freshwater

5 1 3 4 2

THE AMERICAN ERA

MIDEAST BALANCE OF POWER

MIDEAST BALANCE OF POWER

MIDEAST BALANCE OF POWER

MIDEAST BALANCE OF POWER