Dr. Michelle Michot Foss of the Bureau’s Center for Energy Economics (CEE)was an invited speaker and panel member at the 20th Annual Energy Conference hosted by the Emirates Center for Strategic Studies and Research in Abu Dhabi. This year’s conference examined ways in which production and distribution of the world’s energy resources are being transformed by innovative technologies and policies. Foss’ talk, titled “The U.S. Unconventional Oil and Gas Boom and the Potential for Energy Independence,” was part of the second panel discussion addressing “Innovation and Trends in Unconventional and Renewable Energies.” Foss discussed the impact and implications of America’s recent unconventional energy resources production upon domestic and world markets.
To a mixture of economic data, market projections, and international politics, add a sprinkle of business consultants, industry representatives, and financial services analysts and a dash of university economists, government emissaries, and venture capitalists. Season with a thought-provoking topic (international natural gas markets, in this instance), and you have the recipe for last month’s Annual Meeting of the Bureau of Economic Geology’s Center for Energy Economics (CEE).
The 2014 CEE Annual Meeting, orchestrated by the Bureau’s chief energy economist Michelle Michot Foss and the CEE team, explored gas markets from every perspective and provided the CEE with useful guidance in determining energy economics research thrusts for 2015.
This annual meeting, like many annual meetings before it, and annual summer “think days,” brought together a wide range of stakeholders in the realm of energy economics, and friends of CEE, for a no-holds-barred, confidential discussion about the future economics of a key energy issue. These discussions travel the world, literally, as assigned speakers focus their talks on the issue’s ramifications for key regions of the globe. Subsequent lively deliberations can range from the recount of established economic policy to purely theoretical conjecture of interest to the large group of participants. CEE meetings provide a unique, open forum for the attendees to analyze the economics of a current energy situation and to debate its ultimate outcome, grounding future CEE research in the solid opinions of some of the foremost minds in the field of energy economics.
For more information about the varied research products and primary investigations of the Center, or to learn how to become a partner, please contact Michelle Michot Foss.
The Mudrock Systems Research Laboratory (MSRL) and the State of Texas Advanced Resource Recovery Project (STARR) presented a core workshop for 40 members of the Austin Geological Society on December 3. The workshop highlighted the Bureau’s extensive collection of core, including carbonates, shales, and sandstones. After a morning of introductory lectures accompanied by lively discussion, Bureau researchers Steve Ruppel, Bob Loucks, Bill Ambrose, Harry Rowe, Greg Frébourg, and Jiemin Lu presented six cores from the Upper Cretaceous of the South Texas–Louisiana Shelf and the Western Interior Seaway. Cores included such currently productive units as the Eagle Ford Shale, the Niobrara Chalk, and the Tuscaloosa Marine Shale. Harry Rowe also demonstrated use of advanced core chemostratigraphy characterization equipment owned by the Bureau.