Jan. 17, 2008


Description

The past few years have been eventful in the world of energy.  Oil prices climbed to over $80 per barrel and are expected to remain around that level for the foreseeable future.  While the calculated by us equilibrium price of oil should hover around $40, geopolitical headlines rule the price and the world is constantly one large headline away from $100 oil.  There is a substantial imbalance in the location of energy producers and consumers, an imbalance that has precipitated world conflicts and one that will likely cause future upheavals.  Prominent among these areas is the Middle East where five of the six countries with 75 billion barrels of reserves are located. Forecasts over the next 25 years suggest that while the world energy demand will increase by over 50% the share from fossil fuels currently at 86% will continue to be about the same, in spite of all the talk about alternative energy sources.  Energy militant nations such as Iran, Venezuela and, increasingly, Russia under the current regime hold a considerable sway over the energy trade.

One obvious bright spot for the future is that energy consumption in the generation of wealth and the forms of primary energy sources has not been constant throughout the last two centuries.  Of considerable significance is the change of fuels from wood to coal to oil and now to natural gas and, eventually, hydrogen will play a role.  Distorting the economically sane path to the future is the confusion deriving from the current lack of overlap between primary energy sources such as oil and natural gas and improbable ideas for alternative energy sources such as the practically energy-negative bio-fuels, headed by ethanol or, even more outrageous alternatives such as solar electricity.  Distorting the picture even further is the entire rhetoric of global climate change, it's presumed by some anthropogenic component, and the proposed solutions, bound to add to energy costs and energy availability.


Event Schedule
6:00 - Welcome/Registration
 
6:30 - Dinner
 
7:00 - Speaker
 
8:00 - Conclusion

Featured Speakers

Speaker: MICHAEL ECONOMIDES
Speaker MICHAEL ECONOMIDES
Managing Partner University of Houston     MICHAEL J. ECONOMIDES is a Professor at the Cullen College of Engineering, University of Houston, and the Managing Partner of a petroleum engineering and petroleum strategy-consulting firm.  His interests include petroleum production and petroleum management, a particular emphasis on natural gas, natural gas ...

Managing Partner
University of Houston

 
 

MICHAEL
J. ECONOMIDES
is a Professor at the Cullen College of Engineering, University of Houston, and the Managing Partner of a petroleum engineering and petroleum strategy-consulting firm.  His interests include petroleum production and petroleum management, a particular emphasis on natural gas, natural gas transportation, LNG, CNG and processing, advances in process design of very complex operations, economics and geopolitics.  He is also the Editor-in-Chief of the Energy Tribune.  Previously he was the Samuel R. Noble Professor of Petroleum Engineering at Texas A&M University and served as Chief Scientist of the Global Petroleum Research Institute (GPRI).  Prior to joining the faculty at Texas A&M University, Professor Economides was the Director of the Institute of Drilling and Production at the Leoben Mining University in Austria. Before that, Dr. Economides worked in a variety of senior technical and managerial positions with a major petroleum services company.  Publications include authoring or co-authoring of 14 professional textbooks and books, including “The Color of Oil” and over 200 journal papers and articles.  Economides does a wide range of industrial consulting, including major retainers by national oil companies at the country level and by Fortune 500 companies.  He has had professional activities in over 70 countries.  In addition to his technical interests he has written extensively in wide circulation media in a broad range of issues associated with energy, energy economics and geopolitical issues.  He also appears regularly as a guest and expert commentator on national and international television programs.

Full Description



Organizer

Benjamin Shlyapobersky


Date and Time

Thu, Jan. 17, 2008

6 p.m. - 8 p.m.
(GMT-0500) US/Central

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

Westin Galleria

5060 West Alabama
Houston, TX 77056
U.S.A.