Internationally Renowned Oil Experts To Predict Future Of Oil And Petroleum Industry At Press Conference
PR Newswire, August 21
Going Against Grain, Fortune 500 Consultants Predicted Current Oil Crisis a Year Ago WHAT: In addition to their CNBC "Market Watch" interview (Aug. 21, 2000, 11:50 EST), University of Houston Professors Michael Economides and Ronald Oligney, two global petroleum experts, Fortune 500 advisors and consultants to Washington, D.C., will hold a press conference to predict and discuss the future of the nation's oil supply, how it will affect consumers, financial markets and our national security.
This press conference and "state-of-the-industry" presentation, sponsored by Round Oak Publishing, publishers of the expert's new book The Color Of Oil, will amongst other things be a platform to de-mythologize a number of frequently repeated misconceptions, first among which is OPEC's excess capacity. Timely questions will be explained such as what is the emerging role of natural gas and its price of $4.50 going on to $7? What is the socioeconomic impact of this price, which is tantamount to $60 oil? What will Electrical power generation in a de-regulated market and in a world with an insatiable appetite for more and more power mean? What will be the impact on consumers at the pump, beyond the pump and this winter? WHEN: Tuesday August 22nd, 2000, 12:00 noon WHERE: Rockefeller Center Barnes and Noble 600 5th Avenue, NY
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Some Like It Hot: Going Against Grain, Fortune 500 Consultants Predict Current Oil Crisis a Year Ago - More Predictions August 22 at Round Oak Publishing Press Conference
Higher Prices, Short Supply and Winter of Woe in Picture
HOUSTON, Aug. 17 /PRNewswire/ -- Going against conventional opinions and at a time when oil was $11 a barrel, University of Houston Professors Michael Economides and Ronald Oligney, two global petroleum experts and Fortune 500 advisors, accurately predicted (April 4, 1999, Houston Chronicle) that we'd see a $30-a-barrel oil price within a year's time. America has since felt the sting of this prediction fulfilled and now these experts are primed to address in a very hard-hitting way the short- and long-term future of energy.
On Tuesday August 22, 2000 at the Rockefeller Plaza Barnes and Noble store, 600 5th Ave., in conjunction with a discussion and book signing for their new book The Color of Oil, Economides and Oligney will discuss the nation's oil supply, how it will affect consumers, financial markets and our national security.
Economides and Oligney have worked together at several universities and as industry consultants for major oil companies in some 72 countries. The two have collaborated on numerous articles about the economics and politics of oil for the general media. Their book, The Color of Oil, addresses one of their enduring beliefs -- too many people do not understand the importance of energy and oil in particular to the world, to their everyday lives, the physics of how it is produced, or the destructive impact of constantly gyrating oil prices.
Consequently, this press conference will be a platform to de-mythologize a number of frequently repeated misconceptions, first among which is OPEC's excess capacity. What is the emerging role of natural gas and its price of $4.50 going on to $7? What is the socioeconomic impact of this price which is tantamount to $60 oil? Electrical power generation in a de-regulated market and in a world with an insatiable appetite for more and more power will be explained.
It is not just higher oil and gas prices that are likely to affect the world economy. Far more traumatic will be short supply of energy, which will have an impact far beyond the gas pump and of heating oil in winter. The new economy with 20% of power now consumed by computers and escalating at a dizzying rate is at stake.
The two are expected to announce and suggest new initiatives by the public and private sector, as well as government, to stabilize the industry. |
