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Chairman's Corner January 2008

Calling All Scouts "Happy New Year!" to everyone—I hope that each of you was able to take extended time off to be with family and friends and recharge for 2008. Last year was certainly an interesting time for our profession, with oil prices approaching $100 per barrel. Opinions on where prices will go are numerous; most people tend to agree we have entered a new regime in which the lowest forecasts are higher than any of us would have guessed 10 years ago. I am proud to be part of a profession and industry that, despite the historic commodity prices, continues to take a cautious, technically-based, and generally conservative approach to investment and personnel decisions. Your membership and active participation in SPE is testimony to your commitment to helping our industry maintain the highest standards of technical expertise and professionalism. …