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cost as little as $2 per gallon, or about half the price
document IMAGES-003-HOUSE_OVERSIGHT_015486.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…uction of] greenhouse gases. Biomass 1s still true green.” Natural gas from the fracking boom has revolution- ized the global energy landscape—particularly in the United States, the world’s biggest producer of shale gas. But it is also controversial. Gas burns cleaner, but it st...

Exhibit 94: US Crude Oil Production
document IMAGES-003-HOUSE_OVERSIGHT_014607.txt Nov 30, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…2004 2006 2008 2010 2012 2014 2016 Data through November 30, 2016. Source: Investment Strategy Group, Bloomberg. 2017 Global Commodity Outlook After losing more than half its value in the span of two years, the S&P GSCI broke its downward trend with an 11% gain in 2016, its fi...

Options Risk Statement
document IMAGES-007-HOUSE_OVERSIGHT_023603.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ale of its UK North Sea assets to Chrysaor LTD, which was announced on January 31, 2017. Bankof America Merrill Lynch Global Equity Volatility Insights |O6 June 2017. 29 HOUSE_OVERSIGHT_023603

Cannabis Industry Segmentation
document IMAGES-008-HOUSE_OVERSIGHT_024667.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…me way the “technology” industry was viewed in the early 1990s. As the technology industry became more important to the global economy and was better understood by the investment community, however, investment banks and other industry analysts tracked an increasing number of disc...

portfolio of assets. These returns should be in line with the anticipated returns from the First Fun
document IMAGES-008-HOUSE_OVERSIGHT_026071.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…d Finance Team striving to take advantage of the expertise of the infrastructure sector acquired when the team became a global leader in PPP & Transport infrastructure financial advisory in 2011 and 2012. The BRIDGE platform raised € 400m of new monies in 2016 and has successful...

Matthew J. Harrington
document IMAGES-004-HOUSE_OVERSIGHT_017079.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…epresentative Executive Officer and Executive Vice-President President and Chief Executive Officer Managing Director, Global Government and Corporate Affairs Director, Center for International Development Co-Chief Executive Officer and Editor-in-Chief Professor of Management...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025587.txt Jan 29, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

… Stanley | RESEARCH INDUSTRY COVERAGE: Brokers & Asset Managers COMPANY (TICKER) Michael J. Cyprys, CFA, CPA Apollo Global Management LLC (APO.N) Ares Management, L.P. (ARES.N) BlackRock Inc. (BLK.N) Charles Schwab Corp (SCHW.N) E*Trade Financial Corp (ETFC.O) Franklin Resou...

housing market and rising employment
document IMAGES-010-HOUSE_OVERSIGHT_028684.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…on David Miller is a distinguished scholar at the Woodrow Wilson International Center for Scholars. Article 3. Agence Global Can the United States Strike a Deal with Iran? HOUSE_OVERSIGHT_028684

e §=Utility Value Chain
document IMAGES-007-HOUSE_OVERSIGHT_024227.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Global Utility White Paper CONFIDENTIAL e §=Utility Value Chain The electricity value chain for a modern day fully integrated utility consists of Generation + Transmission + Distribution + Customers (see diagram below). Each segment of the value chain is a different business, w...

In a career spanning three decades in academic medicine, Robin Solomon has combined patient care, cl
document IMAGES-003-HOUSE_OVERSIGHT_015671.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…and supported programs including Visiting Doctors, Palliative Care Fellowships, and perinatal bereavement social work. Global Health. Robin has planned and executed cogent responses to critical international medical needs. At the request of President Clinton’s office, she arrang...

Cannabis Investment Report | December 2017
document IMAGES-008-HOUSE_OVERSIGHT_024732.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

I. ‘ bs P Qa LA A RELL Pr Cannabis Investment Report | December 2017 = Global Legal Developments Nations around the world have recently passed or are considering enacting an array of measures decrim- inalizing cannabis, legalizing it for medical use or, in a few cases, leg...

profile investment outlook. Upside risks to our thesis could stem from more favorable
document IMAGES-003-HOUSE_OVERSIGHT_014637.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…e: 1) Highly dependent on acquisition strategy, 2) A reduction in capital spending in the oil & gas market, and 3) Weak global industrial production growth. General Dynamics (GD) We derive our PO of $200 using a sum-of-the-parts valuation model. Our model factors in 19.5x P/E m...

see the most uplift in spending from any potentially large fiscal stimulus and
document IMAGES-003-HOUSE_OVERSIGHT_014635.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… (2017) 32.5x % of sell-side rated Buy 14.3% Short interest % of float 10.30% Source: Bloomberg and BofA Merrill Lynch Global Research estimates BankofAmerica <2” 14 Top 10 US Ideas Quarterly | 03 January 2017 Merrill Lynch HOUSE_OVERSIGHT_014635

e European Utilities
document IMAGES-007-HOUSE_OVERSIGHT_024210.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Global Utility White Paper CONFIDENTIAL e European Utilities We believe European utilities have the potential not only for the strongest outperformance but also for the greatest alpha generation. Since the financial crisis, European utility earnings have declined approximately...

significant credit issues for the banks as weaker firms (who are clients) will be better
document IMAGES-003-HOUSE_OVERSIGHT_014634.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…E (2017) 20.1x % of sell-side rated Buy 35.3% Short interest % of float 1.75% Source: Bloomberg and BofA Merrill Lynch Global Research estimates Deregulation/Gov't Legislation: 60% of TXN’s sales are exposed to the industrial, automotive, and communications equipment end market...