Sept. 8, 2011


Description

Please note that this is a webinar provided if you can not attend in person.  The approximate speaker start time is 12pm, but an update will be provided at that time on the webinar.  Please refer to the link if you want to attend in person.  http://www.spegcs.org/en/cev/2054
 
The U. S. economy has relied on inexpensive and abundant energy since becoming a world power.  Technical advances in oil and gas discovery and extraction have allowed the world to increase the quantities of proved oil and gas.  Unfortunately for the world supply of oil, a variety of issues have  inhibited producers from maintaining a surplus of capacity in the world, thereby allowing crude prices to increase.  Those issues include various government actions, continuing wars, red tape, nationalization, and terrorist activities.  Transportation decisions made over the years have contributed to making the U. S. a giant oil consumer. 
 
Today, with the emerging economies of China, India and other developing nations, the world-wide energy demand is growing faster than producing companies and countries have been able to bring on new supply resources.  The United States continues to use large quantities of oil for transportation fuel.
 
One of the few regions of the world that could ultimately produce more oil is the Middle East and 20 years of war has taken its toll.  Without peace and stability, the Middle East countries’ potential to produce more oil for a hungry world will be limited.  Now we have what has been tagged the Arab Spring.  Where it goes no one knows.  This presentation will focus upon Saudi Arabia and its ability to produce more oil.
 
For the complete view, you can read the speaker’s  new book The World Energy Dilemma , published by PennWell Publishing.
After you register and pay online at SPE, you will receive an email to register for the webinar from Gotowebinar.  There is no additional charge and that will get you the link to sign in.  The sound will come from your computer, no teleconference number is required.

Featured Speakers

Speaker Louis W. Powers
President Powers Petroleum Consultants Louis W. Powers (Lou), is President of Powers Petroleum Consultants.   Lou's experience includes 50+ years in production research, reservoir engineering, operations management and consulting.              Lou worked for Exxon for 21 years, primarily in Texas.  He then spent 2 years (1977 to 1979) in Saudi Arabia as …

President
Powers Petroleum Consultants


Louis W. Powers (Lou), is President of Powers Petroleum Consultants.   Lou's experience includes 50+ years in production research, reservoir engineering, operations management and consulting. 

 


          Lou worked for Exxon for 21 years, primarily in Texas.  He then spent 2 years (1977 to 1979) in Saudi Arabia as ARAMCO’s Chief Petroleum Engineer.   He then entered the consulting business.


 


          In 1979, Lou left Exxon to become co-founder of Patterson, Powers and Associates, Inc In July 1984, Lou founded and became President of Powers Petroleum Consultants, Inc Since 1986, Lou has co-authored several papers and reports about the petroleum industry and future oil and gas prices. He recently has addressed the malaise in the national energy situation. He has traveled to the oil centers of the world, including Europe, Russia and the Middle East..


 


            Lou was  given the IPAA Award of Merit in 1992 in Orlando, Florida for his work on U.S .oil import vulnerability.  At that time his report was sent to each Congressman and Senator.  In 1994, he issued a report to the Government related to Section 232 of the National Security Petition and raised the question,Can America Afford another War over Oil.


 


             In 1995, he sold his consulting company, but has continued to be active in the oil and gas industry, including consulting and presenting his thoughts to financial groups, civic clubs and professional organizations.  He has served as Recording Secretary, Historian, Vice Chairman, and Chairman of POPS (Pioneer Oil Producers Society).  He is a Legion of Honor member of the Society of Petroleum Engineers.


 


            Lou is a graduate of two universities:  Oklahoma State (BS,1957) and Ohio State (MS, 1958) in Mechanical Engineering.


Full Description



Organizer

Russ Neuschaefer


Date and Time

Thu, Sept. 8, 2011

noon - 1 p.m.
(GMT-0500) US/Central

Event has ended

Location

At your computer