Jan. 15, 2009


Description

  The Effects of the Global Recession and Credit Squeeze on the Petroleum Industry

We are clearly in the midst of the most recessionary economic environment in recent history. What makes this global recession especially alarming is the meltdown of securitization markets and the consequent credit squeeze. The economic environment has already had a striking effect on crude prices, where prices have fallen by a remarkable two-thirds in a couple of months. What is the prognosis for the global economic environment in the short- and medium-run? And how will the economic crisis affect oil and gas prices in the near future? Most importantly, what are the implications of this environment for investment and project evaluation in the oil and gas industry?


Featured Speakers

Speaker: Dr. Praveen Kumar
Speaker Dr. Praveen Kumar
Texas Commerce Bank/Tenneco Professor and Chair Department of Finance in the C.T. Bauer College of Business at the University of Houston  Dr. Praveen Kumar is the Texas Commerce Bank/Tenneco Professor and Chair, Department of Finance in the C.T. Bauer College of Business at the University of Houston. He is also ...

Texas Commerce Bank/Tenneco Professor and Chair
Department of Finance in the C.T. Bauer College of Business at the University of Houston

 Dr. Praveen Kumar is the Texas Commerce Bank/Tenneco Professor and Chair, Department of Finance in the C.T. Bauer College of Business at the University of Houston. He is also the Co-founder and Executive Director of the Global Energy Management Institute at the University of Houston.




Professor Kumar received the A.B. (Honors) and M.P.A degrees from Princeton University, and the  Ph.D. in Economics from Stanford University. Prior to joining the UH faculty in 1996, Professor Kumar was an Associate Professor at the Tepper School of Management at Carnegie Mellon University. Professor Kumar's teaching interests include corporate finance and risk-management, real options and project evaluation in the energy industry, security pricing, and trading and market microstructure. He is the recipient of the University of Houston Teaching Excellence Award and the Award for Excellence in the Classroom from Carnegie-Mellon University.

 

 

Dr. Kumar is very widely published in the top finance, economic, and management journals such as the Journal of Finance, Review of Financial Studies, American Economic Review, Rand Journal of Economics, Journal of Financial and Quantitative Analysis, Management Science, and Strategic Management Journal. His research interests focus on the role of information in financial markets, organizations, and trading; executive compensation and corporate governance; payout policy; and, competitive strategy and industrial organization. His research has been discussed in major business publications like Business Week, the Wall Street Journal, and Financial Times. He has received numerous awards for his research such as the Chicago Board of Trade Award for the Best Paper in Options and Futures at the Western Finance Association Meeting. He was also the runner-up for the Merton Miller Award for the best paper in the Journal of Business, and a nominee for the Smith-Breeden Award for the best paper in the Journal of Finance.


Professor Kumar has taken a leading academic role in the establishment of the Global Energy Management Institute at the Bauer College of Business. He has also consulted widely with major investment banks, energy corporations, and international lending institutions.



Full Description



Organizer

David Flores


Date and Time

Thu, Jan. 15, 2009

11:30 a.m. - 1 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

Greenspoint Club

16925 Northchase
Houston, Texas 77060