March 13, 2008


Description

  The earnings of the nation’s oil and natural gas companies are once again fueling the debate as to whether these companies make too much money and whether their success should lead to government action.  Ms. Dougher will focus on putting these earnings into perspective by comparing oil industry performance with other major manufacturing industries, showing the size and scale of the investments being made and the taxes paid, and identifying who benefits from the profits earned. 
 
The answers may be somewhat surprising.  Ms. Dougher will show, for example, that today’s oil and natural gas industry earnings are typically in line with other major U.S. manufacturing industries.  And they pay their fair share of taxes, too—almost 5 percent higher than the average rate for the market. 

 Moreover, contrary to poplar belief and what some politicians might say,
America’s oil companies are not owned by a small group of insiders.  Only 1.5 percent of industry shares are owned by company executives.  The rest is owned by tens of millions of Americans, many of them middle class.  If you’re wondering who owns “Big Oil,” chances are good the answer is “you do.”

This is a meeting that all SPE members will have an interest in attending. Whether you’re simply curious to learn more about how the oil industry earnings compare against other industries, or you’re looking for some supporting facts that address the oil industry’s profitability when you are accosted by friends or neighbors at a cocktail party, you’ll gain valuable insights. There will be an opportunity for questions and answers, so come prepared to participate.

MENU:
               mixed green salad
               chicken parmesan w/ spaghetti
               vegetables de chef
               dessert = chocolate mousse

Featured Speakers

Speaker: RAYOLA DOUGHER
Speaker RAYOLA DOUGHER
SENIOR ECONOMIC ANALYST AMERICAN PETROLEUM INSTITUTE        RAYOLA DOUGHER is a senior economic analyst for the American Petroleum Institute (API) and is with the Institute’s Office of the Chief Economist.  Ms Dougher has been with API since 1985 and is the author or co-author of numerous economic research studies covering ...

SENIOR ECONOMIC ANALYST
AMERICAN PETROLEUM INSTITUTE

     


 RAYOLA DOUGHER is a senior economic analyst for the American Petroleum Institute (API) and is with the Institute’s Office of the Chief EconomistMs Dougher has been with API since 1985 and is the author or co-author of numerous economic research studies covering a diverse range of topics, including gasoline taxes, energy conservation and competition in retail markets. She is one of the Institute’s principal spokespersons. Her efforts focus on informing policymakers, the media and the public on energy market issues and trends. In addition to testifying before federal and state legislators, she has participated in numerous newspaper and radio interviews and has appeared on NBC’s Today Show and Nightly News, ABC World News Tonight, CNN, MSNBC, CNBC, Fox News, the CBS Morning Show, and The News Hour with Jim Lehrer.


     Ms. DOUGHER holds a Bachelor’s degree in history and political science from the State University of New York at Brockport and a Masters degree in economic development and East Asian studies from the American University.


Full Description



Organizer

Barry Faulkner


Date and Time

Thu, March 13, 2008

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

Petroleum Club, 43 Floor, EXXON-MOBIL Building

800 Bell Street
Houston, Texas 77002
USA