OPEC MARKET SHARE 60% 50% 40% 30% 20% 10% ACTUAL DOE IEA PEL PIRA DBAB DRI-WEFA
|
|
- Kelly Sullivan
- 5 years ago
- Views:
Transcription
1 OPEC MARKET SHARE 60% 50% 40% 30% 20% 10% 0% ACTUAL DOE IEA PEL PIRA DBAB DRI-WEFA
2 PRICE OUTLOOK $60 $50 $ $/BBL $30 $20 $10 $ ACTUAL DOE IEA PEL GRI DRI-WEFA 23
3 OPEC MARKET SHARE DEMAND LEVEL MACROECONOMY LEVEL OF GROWTH POTENTIAL FOR NEW SHOCKS NON-OPEC SUPPLY PRICE/MNOC INVESTMENT DEEPWATER, FSU GTL, TAR SANDS OPEC INVESTMENT POLITICAL REGIME (VENEZUELA OR ALGERIA?) APPLIES TO NON-OPEC TOO 24
4 IMPORTANCE OF POLITICS there is no guarantee that the current freemarket orientation of economic ideology will not swing back towards the left and greater governmental interference in markets or ownership of industry.also, though, continuing economic problems due to international debt, the recession, bank failures, etc., may cause...policymakers in many developing countries to abandon efforts at market reform. Lynch
5 SHORT-TERM MARKET OUTLOOK FEARS OF TIGHTENING LATE IN 2002 GOOD OPEC DISCIPLINE ECONOMIC RECOVERY (?) POSSIBLE NEW COLLAPSE? VENEZUELA, ALGERIA, NIGERIA CHEATING RUSSIA, OTHER NON-OPEC SOARING PRICE IMPACT ON DEMAND 26
6 USABLE COMMERCIAL INVENTORIES Jan-85 Jan-86 Jan-87 Jan-88 Jan-89 Jan-90 Jan-91 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 DAYS SUPPLY Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 Monthly 12-Mo. Avg.
7 PRODUCTION OVER QUOTA TB/D Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 Jan-02 SAUDI IRAN IRAQ KUWAIT UAE QATAR VENEZUELA NIGERIA INDONESIA LIBYA ALGERIA 28
8 OPEC MARKET SHARE 60% 55% 50% 45% 40% 35% 30% 25%
9 PAST AS PROLOGUE? VENEZUELAN BEHAVIOR UNDER GIUSTI Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 TB/D PRODUCTION QUOTA
10 OPEC SURPLUS CAPACITY 7,000 6,000 5,000 4,000 3,000 2,000 1, Jan-90 Jan-91 Jan-92 Jan-93 Jan-94 Jan-95 Jan-96 Jan-97 Jan-98 Jan-99 Jan-00 Jan-01 TB/D Jan-02
11 WTI Base and High Case Scenarios (Dollars per barrel) Jan 01 Mar 01 May 01 Jul 01 Sep 01 Nov 01 Jan 02 Mar 02 May 02 Jul 02 Sep 02 Nov 02 Jan 03 Mar 03 Bas e Case High Case 32
12 US GAS MARKET IN TRANSITION? $/MCF Jan-81 Jan-83 Jan-85 Jan-87 Jan-89 Jan-91 Jan-93 Jan-95 Jan-97 Jan-99 Jan-01 33
13 The evidence of serious supply constraints have been strong since US Decline Rates Have Increased US Deliverability and Utilization 30% 25% 20% % 95% 90% 15% 10% 5% Bcfd Deliverability Deliverability Utilization 85% 80% 75% 70% 0% % 15% 17% 17% 18% 20% 23% 23% 26% 27% 28%
14 Supply costs are rising. Will prices support LNG and Alaska? Average Wellhead Prices ( ) Marginal Supply Cost ($2000/MMBtu) Nominal $/Mcf 2000$/Mcf Coal Be d Me t ha ne North Texas Tight Gas Mid- Contine nt De e p GOM GOM (Jack PlatformUp <150' WD South Te x a s LNG (East) GOM (Jack Up >150'WD) West Texas Tig ht Ga s Alaska Lo w Ea s t Te x a s Tig ht Ga s LN G (Wes t) Alaska Hig h 35
15 LNG growth will add about 2.5 to 3 Bcfd over the next decade (15+MT LNGe) Existing Sendout Cap. 2.8 Bcfd East Coast $ $3.50 West Coast $ Chevron, Irving $4.25 Everett,MA (Tractebel) West Coast (BP) Radio Island,NC (EL Paso) Cove Point, MD (Williams) East Coast (BP) Baja, Mexico (Chevron, El Paso) (Sempra, CMS) Existing Terminals Proposed Terminals Lazaro Cardenas, Mexico (El Paso) Lake Charles,LA (CMS Energy) Gulf Coast Dynegy, Texaco, Others Altamira, Mexico (El Paso) Elba Island,GA (EL Paso) Bahamas (,El Paso, Enron) (AES) Puerto Rico, Dominican Republic 36
16 Demand side response will limit gas price increases Conventional Coal $3.80 delivered. Delivered Gas Prices that Make Coal Competitive New Source Review Refurbished coal capacity is competitive at $2.70 per MMBtu delivered (10% capacity increase). $/MMBtu Transport reactor is being tested using oil cracking technology to gasify coal Conventional Coal Transport Reactor Refurbished Coal 37
17 US Natural Gas Use in Ammonia Production Decreases With High Gas Prices in 2000 and 2001 (Bcf/day)
18 Gas consumption for power generation is a major source of growth and uncertainty 2010 Gas Consumpton Gas consumption for power generation is the major source of growth (60% of total). Since gas is the marginal fuel, slight changes in generation from other fuels or changes in the electric power growth rate has a major impact. Projected growth rates for power generation range from 1.8% to 2.8% per year. Scenarios range from optimism to pessimism about coal, nuclear, and power growth rates. Trillion Btu MMcfd Shakeout Reference Crunch Annual Growth Shakeout Reference Crunch Power Total 39
19 Both supply and demand side uncertainties create a great deal of uncertainty Prices in 2010 ($1.90 to $3.65 per MMBtu) Need to develop deep wells offshore and onshore, LNG terminals will have to be built Growth in supply depends on new discoveries Demand response Coal fired plants are likely to play a larger role than many project Increased efficiency in industrial sector Environmental Regulations Average Wellhead Prices $2000/MMBtu 2000 (Actual) AEO AGA DRI*WEFA GRI NPC (Ref) NPC (High) NPC (Low) NRCan* Average Deflator * Forecast were developed in
20 CONCLUSION (1): THINGS HAVE CHANGED MARKETS TIGHTER THAN BEFORE CAPACITY UTILIZATION VERY HIGH COMPARED TO 1980S, EARLY 1990S OPEC MORE COHESIVE POLITICAL TREND REVERBERATING TOWARDS INTERVENTION IN MARKETS 41
21 CONCLUSION (2): THE MORE THEY ARE THE SAME PRICE EFFECTS STILL POWERFUL AND UNDERESTIMATED GOVERNMENTS NOT AS BAD AS BEFORE UNCERTAINTIES ENORMOUS POLICY, PRICE, TECHNOLOGY, EVEN GDP GROWTH ANALYSIS IS THE ANSWER (RELATIVELY) 42
Opening address for dinner-debate
Opening address for dinner-debate Mohammed Barkindo Acting for the OPEC Secretary General European Parliament Strasbourg, France 4 July 2006 1 Outline Importance of EU-OPEC Energy Dialogue Current oil
More informationMIDDLE EAST ENERGY SITUATION AND OUTLOOK IRAQ ENERGY FORUM 2017
MIDDLE EAST ENERGY SITUATION AND OUTLOOK IRAQ ENERGY FORUM 2017 2017 1 OVERVIEW OF GLOBAL ENERGY MARKETS 2 Energy exports/imports (million tonnes) 1990 1995 2000 2005 2010 2014 2015 2020 2025 2030 2035
More informationOil Prices: Past, Present, & Future
Oil Prices: Past, Present, & Future Gulf Research Center November 23, 2005 A. F. Alhajji*, PhD Gulf Energy Program - Moderator Gulf Research Center Dubai, UAE *A. F. Alhajji, PhD is also George Patten
More informationMarket Report Series Oil 2017
Market Report Series Oil 2017 Neil Atkinson, Head Oil Industry & Markets Division, IEA International Institute for Strategic Studies, Bahrain, 17 September 2017 Oil demand continues to grow but at a slower
More informationGlobal growth prospects
Global growth prospects Percent 6 Advanced Economies Emerging Markets and Developing Economies 5 4.9 5.0 4.7 4.7 4.5 4 4.3 4.3 3.7 3.7 3 2 2.3 2.3 2.2 2.0 2.0 1.7 1.7 1 1.1 1.3 0 2012 2013 2014 2015 2016
More informationGlobal Oil Supplies: Is Supply Constrained? Kevin Lindemer
Global Oil Supplies: Is Supply Constrained? Kevin Lindemer Is Supply Constrained? Signposts continue to indicate a supply constrained world is possible and could emerge, not-with-standing short-term easing.
More information4 th IEA-IEF-OPEC Symposium on Energy Outlooks. Riyadh, 22 January 2014
4 th IEA-IEF-OPEC Symposium on Energy Outlooks Riyadh, 22 January 2014 Spare or stranded?* mb/d 7.0 Medium-Term Oil Market Balance 6.0 5.0 4.0 3.0 2.0 1.0 0.0-1.0 2004 2005 2006 2007 2008 2009 2010 2011
More informationLiquefied Natural Gas: Current Trends and Future Directions
Liquefied Natural Gas: Current Trends and Future Directions ASPO Boston World Oil Conference October 26, 2006 Ezra D. Hausman, Ph.D. What s in store with LNG? LNG Basics Current and Future Sources of LNG
More informationRebalancing Global Crude Flows
Rebalancing Global Crude Flows John Mayes Director of Special Studies AFPM Annual Meeting San Antonio, Texas March 24, 2015 TM&C North American Crude & Condensate Outlook TM&C publishes North American
More informationPercent
Outline Outline Growth is picking up Percent 6 Advanced economies Emerging and developing economies 5 4 4.9 5.0 4.3 4.4 4.6 4.7 4.7 3.7 3.7 3 2 2.0 2.3 1.6 2.2 2.3 1.9 1.7 1 1.1 1.3 0 2012 2013 2014 2015
More informationIndex, nominal terms, 2010 = Energy. Agriculture Metals
Outline Broad commodity price trends Index, nominal terms, 2010 = 100 180 150 Energy 120 90 60 Agriculture Metals 30 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Source:
More informationRebalancing Global Crude Flows
Rebalancing Global Crude Flows John R. Auers Executive Vice President AIChE Dallas Chapter April Section Meeting April 28, 2015 Page 1 TM&C North American Crude & Condensate Outlook TM&C began publishing
More informationDECLINE IN COMMODITY PRICES GCC OUTLOOK NOVEMBER 22 ND, 2015
DECLINE IN COMMODITY PRICES GCC OUTLOOK NOVEMBER 22 ND, 2015 1 EVERYONE HAS A PLAN UNTIL THEY GET PUNCHED IN THE FACE 2 HE WHO IS NOT COURAGEOUS ENOUGH TO TAKE RISKS WILL ACCOMPLISH NOTHING IN LIFE 3 IT
More informationOIL MARKET OUTLOOK, MAIN UNCERTAINTY FACTORS & PRICE INDICATIONS TO Symposium Energieinnovation
OIL MARKET OUTLOOK, MAIN UNCERTAINTY FACTORS & PRICE INDICATIONS TO 2020 11. Symposium Energieinnovation 23 February 2010 Johannes Benigni JBC Energy GmbH 10. Februar 2010 Research Energy Studies Consulting
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development 11 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 15-16 April 2019, Geneva Saudi economic growth strategy on the face of oil price uncertainty
More informationCommodity prices ( pink sheet ) are updated on the third business day of each month (the next update will be posted on May 4, 2016).
The latest edition of the World Bank s Commodity Markets Outlook was published on January 26, 2016. The next edition will be published tomorrow at 3:00 pm EST! Commodity prices ( pink sheet ) are updated
More informationShort and Medium-Term Oil Market Outlook. 13 th Shanghai Derivatives Market Forum - 25 May 2016
Short and Medium-Term Oil Market Outlook 13 th Shanghai Derivatives Market Forum - 25 May 2016 Oil world changed on Nov. 27 th 2014 $/bbl 120 Brent crude oil 100 80 60 40 Copyright 2016 Argus Media 20
More informationSulphur Market Outlook
Sulphur Market Outlook Meena Chauhan Head of Sulphur and Sulphuric Acid Integer Research The Fertilizer Institute Outlook and Technology conference Fort Lauderdale, Florida Founded in 2002, Integer Research
More informationLESSONS FROM GAS DEREGULATION
LESSONS FROM GAS DEREGULATION Dr. Jeffrey Leitzinger Econ One Research, Inc. December 12, 2002 1 THE RESTRUCTURING PROCESS IN THE GAS INDUSTRY SPANNED ALMOST 10 YEARS Order 436 A & B Open Access Revisited
More informationOil Markets. Kevin Lindemer Executive Managing Director, Energy Markets Group
Oil Markets Kevin Lindemer Executive Managing Director, Energy Markets Group 2008 Outlook Downside risks in demand are increasing due to weaker economic outlook Upside supply risks still present but balance
More informationImpact of the Global Economic Crisis on the Energy Industries and Economy
ILO Tripartite Caribbean Conference Promoting Human Prosperity beyond the Global Financial Crisis Kingston Jamaica 1-2 April 2009 Impact of the Global Economic Crisis on the Energy Industries and Economy
More informationMarket Report Series Oil SIEW 2017 launch - 28 March 2017
Market Report Series Oil 2017 SIEW 2017 launch - 28 March 2017 Oil demand continues to grow but at a slower pace 2.0 Global oil demand growth 2014-2022 1.5 1.0 0.5 0.0 2014 2015 2016 2017 2018 2019 2020
More informationMarket Outlook January,
Market Outlook 2004 January, 2004 www.teekay.com Forward Looking Statements This document contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended)
More informationProducer - Consumer Dialogue - Rising to New Challenges -
Producer - Consumer Dialogue - Rising to New Challenges - Klaus Rehaag Head, Oil Industry & Markets Division Editor, Oil Market Report International Energy Agency Paris, France klaus.rehaag@iea.org Asia
More informationMarket Report Series. Spanish Energy Club, Madrid, 3 May 2018
Market Report Series Oil 2018 Spanish Energy Club, Madrid, 3 May 2018 Neil Atkinson, Head of Oil Industry and Markets Division Toril Bosoni, Senior Oil Market Analyst, Oil Industry and Markets Division
More informationEnergy Outlook Global and Domestic Trends and Challenges. Dr. John Caldwell Director of Economics, EEI 1
Energy Outlook Global and Domestic Trends and Challenges Dr. John Caldwell Director of Economics, EEI 1 World GDP Growth Other Economies are Outpacing the U.S. Other, 7996.16, 11% Africa, 3962.51, 6% Latin
More informationHow is Natural Gas Availability Curtailing the growth of DRI production in the MENA region?
How is Natural Gas Availability Curtailing the growth of DRI production in the MENA region? 29 April 2014 World DRI & Pellet Congress Abu Dhabi Robert Smith 1 The Issues Natural gas availability in the
More informationOil and gas Markets Where to from Here? Shale Gas and an Interplay with Coal
Oil and gas Markets Where to from Here? Shale Gas and an Interplay with Coal A Wood Mackenzie Presentation Prepared for the Platts Pipeline Development and Expansion Conference by Edward M. Kelly Vice
More informationOIL MARKET REPORT OCTOBER 2018
16 November OIL MARKET REPORT OCTOBER EXECUTIVE SUMMARY In October crude oil market caught a bear flu after almost gripping the $90 per barrel price level (Brent). In the beginning of October the market
More informationOPEC. Annual Statistical Bulletin Fuad Al Zayer Head, Data Services Department OPEC September
OPEC Annual Statistical Bulletin 2006 Fuad Al Zayer Head, Data Services Department OPEC 1 13 September 2007 http://www.opec.org 2006, OUTLINE Present the 2006 edition of the OPEC ASB Show examples of topics
More informationU.S. Oil & Gas Industry Chartbook
U.S. Oil & Gas Industry Chartbook BBVA Research USA Houston, TX September 2015 DISCLAIMER This document was prepared by Banco Bilbao Vizcaya Argentaria s (BBVA) BBVA Research U.S. on behalf of itself and
More informationThe Urgent Need for Unconventional Gas to sustain Canada s Natural Gas Production. Dave Russum, P.Geol. AJM Petroleum Consultants and Geo-Help Inc
The Urgent Need for Unconventional Gas to sustain Canada s Natural Gas Production Dave Russum, P.Geol. AJM Petroleum Consultants and Geo-Help Inc CSUG/PTAC Presentation, 18 th November 2004 The Reality
More informationEnergy, Economy and Policy: A Glimpse at the 21 st Century
Gas Well Deliquification Workshop Denver, Colorado February, 2009 Energy, Economy and Policy: A Glimpse at the 21 st Century Scott W. Tinker Bureau of Economic Geology Jackson School of Geosciences The
More informationInscrutable OPEC? A Production Test of the Cartel Hypothesis
USAEE Houston Chapter Monthly Luncheon Meeting March 10, 2005 Inscrutable OPEC? A Production Test of the Cartel Hypothesis James L. Smith Department of Finance Southern Methodist University Dallas, TX
More informationGlobal Economic Outlook
Global Economic Outlook Mark A. Wynne Vice President & Associate Director of Research Director, Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas Presentation to Vistas Conference
More informationOIL MARKET REPORT DECEMBER 2016
18 January 217 OIL MARKET REPORT DECEMBER EXECUTIVE SUMMARY Since OPEC end-november meeting the price has been trading above $5 per bbl. Implementation of the deal and new promises from Saudi Arabia will
More informationU.S. Oil & Gas Industry Chartbook
U.S. Oil & Gas Industry Chartbook BBVA Research USA Houston, TX July 2015 DISCLAIMER This document was prepared by Banco Bilbao Vizcaya Argentaria s (BBVA) BBVA Research U.S. on behalf of itself and its
More informationA New Dawn? Mike Beveridge - Managing Director
A New Dawn? Mike Beveridge - Managing Director January 2017 Fit at 50? 2 January 2018 Life Begins At 70? 3 What A Difference A Year Makes: From $55/bbl to $70/bbl $US 75 LTM Max: $70 70 65 60 55 LTM Avg:
More informationThe Energy Years Leading Trinidad and Tobago s energy sector in a time of global change
The Energy Years Leading Trinidad and Tobago s energy sector in a time of global change By Kevin C. Ramnarine KBH Center, University of Texas at Austin January 24 2017 Structure of Lecture The global energy
More information2019 Global Travel Forecast: Air, Hotel and Ground Prices
2019 Global Travel Forecast: Air, Hotel and Ground Prices Methodology 28 countries and 10 US cities Airlines, Hotel, Rental Car Forecast in USD, guidelines on currency exchange forecast Forecast projections
More information2014 DOE PRICE FORECAST SURVEY $180 $160 $140 $120 $100 $80 $60 $40 $20 $
THE US SHALE BOOM Institute for Energy Economics, Japan October 6, 2016 Michael C. Lynch 2014 DOE PRICE FORECAST SURVEY $180 $160 $140 $120 $100 $80 $60 $40 $20 $0 1900 1910 1920 1930 1940 1950 1960 1970
More informationShifts in the Geopolitical Landscape and Their Impact on Petroleum Sector Capex Strategies
Shifts in the Geopolitical Landscape and Their Impact on Petroleum Sector Capex Strategies Golden, CO April 14, 2016 Thomas A. Petrie, CFA Chairman, Petrie Partners Figure 1 Chaos Prevails Russia Wins
More informationThe economic outlook for the Middle East Presentation for the JCCME Conference, Doha 27 August 2012
The economic outlook for the Middle East Presentation for the JCCME Conference, Doha 27 August 2012 Edmund O Sullivan MEED Edmund O Sullivan Edmund.osullivan@meed-dubai.com The Middle East is at a generational
More informationU.S. Oil & Gas Industry Chartbook
U.S. Oil & Gas Industry Chartbook BBVA Research USA Houston, TX August 2015 DISCLAIMER This document was prepared by Banco Bilbao Vizcaya (BBVA) BBVA Research U.S. on behalf of itself and its affiliated
More informationSection 9. Energy Prices
Section 9. Energy Prices Crude Oil. The average price of domestic crude oil at the wellhead was $36.53 per barrel in July 24, 33 percent above the level of July 23. The refiner acquisition cost of imported
More informationIt s time to sober up!
It s time to sober up! Uppsala University, Sweden Pisa, July 2006 Kjell [ ] A World Addicted to Oil "We have a serious problem. America is addicted to oil, which is often imported from unstable parts of
More informationEnergy and commodity price benchmarking and market insights
Energy and commodity price benchmarking and market insights London, Houston, Washington, New York, Portland, Calgary, Santiago, Bogota, Rio de Janeiro, Singapore, Beijing, Tokyo, Sydney, Dubai, Moscow,
More informationOutline. Overview of globalization. Global outlook for real economic activity & inflation. Risks to the outlook
2017 International Economic Outlook Everett Grant Research Economist Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas October 2017 The views expressed are those of the author and
More informationThe New Drivers for Black Sea and World Grain Copyright AgResource Company. All Rights Reserved.
The New Driers for Black Sea and World Grain - 2014 Copyright 2014 2013 AgResource Company. All Rights Resered. Ag Market Driers for 2014? World Food inflation to rise 3.2% in 2013 (s 2.7% in 2012) drien
More informationIN THE MIDST OF A PHASE CHANGE
IN THE MIDST OF A PHASE CHANGE NEW ZEALAND WIND ENERGY ASSOCIATION CONFERENCE, WELLINGTON 2014 KOBAD BHAVNAGRI TWITTER: @KOBADB / / // / Kobad Bhavnagri NZ Wind Energy Association Conference, April 2014
More informationThe Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies
The Changing Global Economy Impacts on Seaports and Trade Dr. Walter Kemmsies Chief Economist, PAGI Group, JLL (Port, Airport & Global Infrastructure) Agenda Where are we in the cycle? What are the barriers
More informationTABLE 1. REAL GDP AND GROWTH RATES IN THE ESCWA REGION AT CONSTANT 1995 PRICES, (Millions of US dollars and percentages) Percentage change
TABLE 1. REAL GDP AND GROWTH RATES IN THE ESCWA REGION AT CONSTANT 1995 PRICES, 2001-2004 (Millions of US dollars and percentages) Percentage change Country/area 2000 2001 2002 2003 a/ 2004 b/ 2001 2002
More informationNatural Gas Market Perspectives
Natural Gas Market Perspectives KIUC 2015 Annual Energy Conference James Beck Petroleum Economist March 19, 2015 1 Fully Integrated Downstream System As of Dec. 31, 2014 Marketing Area MPC Refineries Light
More informationOIL MARKET OUTLOOK AND WHAT NEXT FOR THE SOUTH EAST ASIAN OFFSHORE MARKET VIJAY KRISHNAN
OIL MARKET OUTLOOK AND WHAT NEXT FOR THE SOUTH EAST ASIAN OFFSHORE MARKET VIJAY KRISHNAN rystad energy introduction Office locations Rystad Energy is an independent databases and consulting services firm,
More informationWhat can we expect from the energy markets in 2017?
What can we expect from the energy markets in 2017? Luc De Leersnyder & Jens Lievens E&C Consultants 23/11/2016 What do we do? ENERGY PROCUREMENT CONSULTANCY Gas & electricity Focused on price, not on
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Nigel Gault Chief U.S. Economist, IHS Global Insight FTA Revenue Estimation & Tax Research Conference Charleston, West Virginia October 17, 2011 What Has Happened to the Recovery?
More informationAnalyzing the Energy Economy Michael Plante Senior Research Economist
Federal Reserve Bank of Dallas Analyzing the Energy Economy Michael Plante Senior Research Economist Disclaimer Disclaimer: The statements in this presentation do not represent the official views of the
More informationUK Energy Futures. Richard Smith Head of Energy Strategy & Policy
UK Energy Futures Richard Smith Head of Energy Strategy & Policy September 2012 Our 2012 scenario development Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Stakeholder workshops (London &
More informationSchool of international and Public Affairs. Columbia University Manuel Pinho
School of international and Public Affairs Columbia University Manuel Pinho SPHERE WITH CORE What matters to China matters to the world Do not give lessons to China: Europe and the US The challenges: Growth
More informationThe New World Order in Energy: Peak Oil or Peak Prices?
The New World Order in Energy: Peak Oil or Peak Prices? Prepared For: APIC Marketing Seminar by CMAI Asia Petrochemical Industry Conference 2008 Raffles City Convention Centre, Singapore May 2008 Prepared
More informationMexico Stands to Benefit From. With Relative Ease. Jesus Cañas Federal Reserve Bank of Dallas Laredo, Texas May 2014
Mexico Stands to Benefit From With Relative Ease Jesus Cañas Federal Reserve Bank of Dallas Laredo, Texas May 2014 Outline 2013 worst than expected Economy back on growth track in 2014 Why we care about
More informationThe History of the Future Price of Oil
The History of the Future Price of Oil JJ Dooley, MA Wise and PJ Runci Joint Global Change Research Institute May 28, 2008 PNNL-SA-60763 Climate change is a long-term strategic problem with implications
More informationThe Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017
The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch January 2017 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/
More informationZions Bank Economic Overview
Zions Bank Economic Overview Intermountain Credit Education League May 10, 2018 Dow Tops 26,000 Up 48% Since 2016 Election Jan 26, 2018 26,616 Oct 30, 2016 17,888 Source: Wall Street Journal Dow Around
More informationMUSTAFA MOHATAREM Chief Economist, General Motors
MUSTAFA MOHATAREM Chief Economist, General Motors INTRODUCTION The U.S. economy continues to grow at a gradual but also erratic pace The current recovery is one of the slowest in the post-wwii U.S. history.
More informationAt The Fork In The Road. Outlook for 2012 and Beyond AAPA Port Finance Seminar April 18, 2012
At The Fork In The Road Outlook for 2012 and Beyond AAPA Port Finance Seminar April 18, 2012 ENR Top 100 company, founded in 1945 in Long Beach, California Offices: US, Guam, Canada, Europe, Middle East,
More informationGLOBAL ECONOMICS, REAL ESTATE PRICING & OUTLOOK FOR 2017 RICHARD BARKHAM GLOBAL CHIEF ECONOMIST
GLOBAL ECONOMICS, REAL ESTATE PRICING & OUTLOOK FOR 2017 RICHARD BARKHAM GLOBAL CHIEF ECONOMIST BREXIT TRUMPISM EURO-TRUMPISM 4 ECONOMICS, PRICING & OUTLOOK FOR 2017 LET S GET GEOPOLITICS IN PERSPECTIVE
More informationDr. James P. Gaines Research Economist recenter.tamu.edu
Texas Uncertain Economy in a World of Uncertain Oil Prices Dr. James P. Gaines Research Economist recenter.tamu.edu National Economic Recovery still Going 2 U.S. Outlook Expected GDP growth still modest:
More informationThe Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch February 2017
The Houston Economy Jesse Thompson Regional Business Economist The Federal Reserve Bank of Dallas, Houston Branch February 2017 Image from http://peoplesguidetohouston.wordpress.com/category/uncategorized/
More informationA New Hope Where to next for the Brent oil price?
www.pwc.co.uk/valuations A New Hope Where to next for the Brent oil price? 31 January 2018 A New Hope The never ending story Oil prices have rallied, but does the market believe that further gains are
More informationEnergy Security: Markets and Policy
Energy Security: Markets and Policy Pierre Noël EPRG, University of Cambridge Critical Infrastructure Conference, London, 20 April 2011 Contents Global Oil and the Middle East European Gas and Russia Japan
More informationWill 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services
Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services Rising Uncertainty Creating Headwinds for Commercial Real Estate
More informationFuture Global Trade Trends - Risks & Opportunities. Pulse of the Ports: Peak Season Forecast March 21, 2013
1 Future Global Trade Trends - Risks & Opportunities Pulse of the Ports: Peak Season Forecast March 21, 2013 June 2012 Dr. Walter Kemmsies Chief Economist Summary Higher economic growth in 2013, possible
More informationDry Bulk Shipping in Indonesia Opportunities & Outlook
Dry Bulk Shipping in Indonesia Opportunities & Outlook Mare Forum, Jakarta 27 Peter Malpas 29 th November 27 Introduction Indonesia Key Facts Land Area 1,919,44 km2 = World s s 16 th Largest Population
More informationSUMMARY. Natural Gas In The World 2017 Edition
CEDIGAZ, the International Association for Natural Gas SUMMARY Natural Gas In The World 217 Edition CEDIGAZ, October 217 NATURAL GAS IN THE WORLD 217 SUMMARY Worldwide proven natural gas reserves grew
More informationPEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE. PCI Xylenes & Polyester Doug Rightler
PEMEX PETROQUIMICA 2013 ANNUAL CONFERENCE PCI Xylenes & Polyester Doug Rightler Discussion Points» MEG demand growth by region.» MEG supply - China is in control or is it?» Price drivers - the Chinese
More informationVenezuela s Oil Industry: Managing the collapse
Venezuela s Oil Industry: Managing the collapse (and offering some opportunities for foreign investors) Francisco Monaldi, Ph.D. Fellow in Latin America Energy Policy, Baker Institute for Public Policy,
More informationMexico LDC Forum Mexico s Natural Gas Market Outlook. Ross Wyeno, Senior Energy Analyst
Mexico LDC Forum Mexico s Natural Gas Market Outlook Ross Wyeno, Senior Energy Analyst Gas Market Liberalization Progressing Rapidly This year-to-date Feb 20 th : May 8 th : Jun 16 th : J/A 10 th : Mexico
More informationEconomic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
More informationEnsuring Reliability in ERCOT
Ensuring Reliability in ERCOT Beth Garza Director, ERCOT IMM bgarza@potomaceconomics.com 512-225-7077 February 27, 2018 2 Data Comparisons ERCOT Population (million) 24 80 Germany Annual electricity consumption
More informationMontreal Real Estate Forum. Economic Outlooks for March 31, Cooperating in building the future
Montreal Real Estate Forum March 31, 2015 Economic Outlooks for 2015 François Dupuis Vice-President and Chief Economist Desjardins Group Cooperating in building the future Outline The global economy and
More informationEconomy On The Rebound
Economy On The Rebound Robert Johnson Associate Director of Economic Analysis November 17, 2009 robert.johnson@morningstar.com (312) 696-6103 2009, Morningstar, Inc. All rights reserved. Executive
More informationUNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer
UNIVERSITY OF CALIFORNIA Economics 134 DEPARTMENT OF ECONOMICS Spring 2018 Professor David Romer LECTURE 2 OVERVIEW OF THE GREAT DEPRESSION January 22, 2018 I. THE 1920S A. GDP growth and inflation B.
More informationSteel: A Buyer s Market for the Worst of Reasons. John Anton Director, IHS Global Insight Steel Service August 2009
Steel: A Buyer s Market for the Worst of Reasons John Anton Director, IHS Global Insight Steel Service August 2009 The U.S. Recession Is Bottoming Out This recession has been the most severe of the postwar
More informationZions Bank Economic Overview
Zions Bank Economic Overview Veteran Owned Business Conference May 11, 2018 Dow Tops 26,000 Up 48% Since 2016 Election Jan 26, 2018 26,616 Oct 30, 2016 17,888 Source: Wall Street Journal Dow Around Correction
More informationOil and Gas in Alabama
Oil and Gas in Alabama State Oil and Gas Board Spring 2018 Update Trends & Revenue Impact of Alabama s Oil and Gas Industry Nick Tew, State Geologist and Oil and Gas Supervisor State Oil and Gas Board
More informationZions Bank Economic Overview
Zions Bank Economic Overview Kenworth National Dealers Conference November 8, 2018 1 National Economic Conditions 2 Volatility Returns to the Stock Market 27,000 Dow Jones Industrial Average October 10,
More informationCanadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
More informationIBSA Goalball World Rankings 31 December 2017 Men's Division
IBSA Goalball World Rankings 31 December 2017 Men's Division Rank No v Oc t Se p Au g Ju l Team Region Score Goal Diff Results Gol p Gme Last Plyd Weight 1st 5 6 6 1 2 Brazil Americas 661.802 4.564 0.872
More informationGlobal Construction Outlook: Laura Hanlon Product Manager, Global Construction Outlook May 21, 2009
Global Construction Outlook: Short-term term Pain, Long-term Gain Laura Hanlon Product Manager, Global Construction Outlook May 21, 2009 What This Means for You The world is set to be hit this year with
More informationYour Texas Economy. Current through: Tuesday, Nov 20, 2018
Your Texas Economy Current through: Tuesday, Nov 20, 2018 Overview of Texas Economy The Texas economy is growing robustly in 2018 2018 job growth through October is 2.9 percent annualized compared to 2.1
More informationSNG Gas Supply Update. August 8, 2018
SNG Gas Supply Update August 8, 2018 1 Forward Looking Statements This presentation contains forward-looking statements. These forward-looking statements are identified as any statement that does not relate
More informationNITC Outlook On Middle East Oil Movement & Tanker Shipping
NITC Outlook On Middle East Oil Movement & Tanker Shipping Presented by: Mohammad Souri Chairman & CEO, NITC Intertanko s Annual Event Istanbul, 20-23 April 2008 1 Country Oil Proven Reserve Billion Barrel
More informationU.S. Crude Exports Where Would They Go?
U.S. Crude Exports Where Would They Go? 2 nd Annual Crude-by-Water Conference Houston, TX November 17, 2015 John R. Auers Executive Vice President TM&C Overview International consulting practice since
More informationUtility Debt Securitization Authority 2013 T/TE Billed Revenues Tracking Report
Utility Debt Securitization Authority 2013 T/TE Billed Revenues Tracking Report Billing Budgeted Billed Dollar Percent Month Revenues Revenues Variance Variance Jan 2018 11,943,180.68 12,697,662.47 754,481.79
More informationThe U. S. Economic Outlook: Robert J. Gordon
The U. S. Economic Outlook: Upside and Risks Robert J. Gordon Ottawa a Economics Association Ottawa, a, September 14, 2017 Immigration Medical Care My Policy Package: Be Like Canada d University Tuition
More informationThe outlook: what we know, the known unknowns and the unknown unknowns
The outlook: what we know, the known unknowns and the unknown unknowns 24 April 2017 Seoul Brian Pearce, Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1
More informationAlaska s Natural Resource Commodities: A 10-Year Outlook
Alaska Resources Development Council November 14-15, 2018 Alaska s Natural Resource Commodities: A 10-Year Outlook David R. Hammond, Ph.D. Principal Mineral Economist Hammond International Group Commodities
More informationThe US Economic Outlook
IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six years of steady growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half Full
More information