Energy Tomorrow RSS Feeds: Recent Events

Blogger Conference Call: "Chevron Exploration in the Gulf of Mexico" - 5/15/2009 12:00:00 AM

Fri, 15 May 2009 00:00:00 -0500

Summary:
On May 15, 2009, API hosted bloggers for a conference call featuring Robert N. (Bobby) Ryan, Jr., vice president of global exploration for Chevron Global Upstream & Gas, who discussed Chevron’s exploration initiatives. Download this transcript (.pdf)

The call was hosted by Jane Van Ryan of API and also featured John Felmy, chief economist at API, and Mark Kibbe, federal relations director at API. Fifteen bloggers dialed-in for the hour-long call, which focused on the challenges of deepwater exploration and the impact of these projects on the economy.

Moderator:
Jane Van Ryan, Senior Communications Manager, API

Speakers:
Bobby Ryan, Vice President of Global Exploration, Chevron Global Upstream & Gas
John Felmy, Chief Economist, API
Mark Kibbe, Federal Relations Director, API

Bloggers:
Alan Stewart Carl, Donklephant
Bob McCarty, Bob McCarty Writes
Brian Westenhaus, New Energy and Fuel
Bruce McQuain, The QandO Blog
Buster Cagney, The Oil Drum
Chris Nelder, GetRealList
David Murphy, The Oil Drum
Devil’s Advocate, Right Wing News
Geoff Styles, Energy Outlook
Jim Hoft, Gateway Pundit
Joy McCann, Little Miss Attila
Krystle, Bearing Drift and Crystal Clear Conservative
Tony Eriksen, The Oil Drum
Tim Hurst, Green Options
Stephen Rhodes, The Republican Temple

Listen to the audio recording below:

Learn more about Chevron’s “Blind Faith” and “Tahiti” projects in the Gulf of Mexico:
• Blind Faith Platform
• Tahiti Field

Location Tour: Piceance Basin - 4/20/2009 12:00:00 AM

Mon, 20 Apr 2009 00:00:00 -0500

On April 15, 2009, API and Williams hosted 11 members of the media, including five reporters, one photographer and five bloggers, for a tour of Williams’ natural gas operations in the Piceance Basin. Attendees had a first-hand opportunity to view the advanced technologies that Williams uses to drill for natural gas efficiently and with environmental sensitivity.

The tour included on-site visits to a high-efficiency flex rig, centralized fracing facility, compressor facility and natural gas processing plant. Williams hosts gave attendees an overview of the technologies used in the Basin, particularly the advanced drilling rigs that can drill up to 22 wells from one location and greatly reduce the impact on the environment. Throughout the tour, attendees were able to observe employees perform day-to-day activities and learn about the history of the facilities and surrounding area.

Reporters and bloggers who attended the tour are as follows:

Andrew Kear, The Oil Drum
Bob McCarty, Bob McCarty Writes
Brad Jones, Face the State
Maria Surma Manka, Maria Energia
Tim Hurst, Red, Green and Blue
Judith Kohler and David Zalubowski, Associated Press, Denver bureau
Dennis Webb, Grand Junction Daily Sentinel
Josh Nichols, Grand Junction Free Press
Guntis Moritis, Oil and Gas Journal
Susan Klann, Oil and Gas Investor

Photos from the tour are featured in the slideshow below, and can be found in this Flickr album.

In addition, below you can view a video featuring an attendee's thoughts on the tour experience and key learnings:

Click here to learn more about the tour and Williams’ operations in the Piceance Basin.

Newsweek Panel Discussion on Capitol Hill - 3/24/2009 12:00:00 AM

Tue, 24 Mar 2009 00:00:00 -0500

On Tuesday, March 24, 2009, Newsweek and API co-presented a panel discussion titled “Energy Policy Perspectives for a New Congress and Administration” on Capitol Hill. The panel featured API President and CEO Jack Gerard, Sen. Mary Landrieu (D-LA), Rep. Nick Rahall (D-WV), Rep. Doc Hastings (R-WA) and Newsweek senior editor and columnist Jonathan Alter. Moderated by Newsweek Editor-at-large Evan Thomas, the panel discussed energy policy as it relates to taxes, economic growth and national security. Please click here to download the full event transcript.

Photos from the event are featured in the slideshow below, and can be found in this Flickr album.

Jim Mulva speaks at the Clinton School of Public Service - 3/17/2009 12:00:00 AM

Tue, 17 Mar 2009 00:00:00 -0500

On Tuesday, March 17, 2009, Jim Mulva, chairman and CEO of ConocoPhillips, presented a keynote address at the Clinton School of Public Service in Little Rock, Ark., as part of the school’s distinguished speaker series. His presentation, titled "Delivering America's Energy Security," emphasized the importance of developing balanced energy policies with a focus on supply diversity, energy efficiency, technological innovation and environmental stewardship.

Please click here to watch a video of Mr. Mulva's speech. Photos from the event are featured in the slideshow below, and can be found in this Flickr album.

Blogger Conference Call: “Industrial Perspectives on Offshore Drilling” - 2/27/2009 12:00:00 AM

Fri, 27 Feb 2009 00:00:00 -0600

Summary:
On Feb. 27, 2009, API hosted several bloggers for a conference call featuring a discussion with Gary Luquette, president of Chevron North America Exploration and Production Company. On Feb. 25, Mr. Luquette testified before the House Natural Resources Committee on offshore drilling.

The call was hosted by Jane Van Ryan of API and also featured John Felmy, chief economist at API, and Mark Kibbe, federal relations director at API. Ten bloggers dialed-in for the 45-minute call, which touched a variety of topics, including recent proposals to increase taxes on the industry and the Feb. 25 congressional hearing on offshore drilling. Download this transcript. (.pdf)

Moderator:
Jane Van Ryan, Senior Communications Manager, API

Speakers:
Gary Luquette, President of Chevron North America Exploration and Production Company
John Felmy, Chief Economist, API
Mark Kibbe, Federal Relations Director, API

Bloggers:
The Bear, The Absurd Report
Brian Westenhaus, New Energy and Fuel
Dave Summers, Bit Tooth Energy
Devil’s Advocate, Copious Dissent
Gail Tverberg, The Oil Drum
Geoff Styles, Energy Outlook
James Shott, Observations
Nate Hagens, The Oil Drum
Peter Carlock, OPNTALK
Stephen Rhodes, The Republican Temple

Listen to the audio recording below:

Location Tour: Kern River - 1/28/2009 12:00:00 AM

Wed, 28 Jan 2009 00:00:00 -0600

On Jan. 23 2009, API hosted four bloggers at Chevron’s Kern River Oil Field in San Joaquin Valley, Calif. The bloggers visited the field to learn how the industry is extending the life of older fields with technological innovations. Attendees received presentations and technology demonstrations from on-site engineers and staff, in addition to a field tour.

Throughout the tour, bloggers viewed enhanced oil recovery techniques such as steamflooding, learned about the history of the field, and viewed innovative efficiency practices such as cogeneration, waste water treatment and digital oil field technology.

Bloggers who attended the tour are as follows:

Brian Westenhaus, New Energy and Fuel
Bruce McQuain, The QandO Blog
Gail Tverberg, The Oil Drum
Joy McCann, Little Miss Atilla

Photos from the tour are featured in the slideshow below, and can be found in this Flickr album.

In addition, below is a podcast featuring interviews with some of the Chevron employees who led the tour:

Learn more about the tour and Chevron’s operations in the Kern River field:

Powerpoint: Kern River Field Tour – Presentations (.pdf)
Powerpoint: Kern River History and Framework (.pdf)
Background Information (.pdf)

More information about the Kern River Field at Chevron’s Web site

Blogger Conference Call: 2008 Year-End Statistics - 1/16/2009 12:00:00 AM

Fri, 16 Jan 2009 00:00:00 -0600

Summary:
On January 15, 2009, API hosted several bloggers on a conference call for a discussion about API’s 2008 year-end statistics report. The call was hosted by Jane Van Ryan of API and featured John Felmy, chief economist, API, and Ron Planting, manager of statistics, API. Nine bloggers dialed-in for the half-hour call, which touched a variety of topics. Download this transcript. (.pdf)

Moderator:
Jane Van Ryan, Senior Communications Manager, API

Speakers:
John Felmy, Chief Economist, API
Ron Planting, Manager of Statistics, API

Bloggers:
Joy McCann, Little Miss Attila
Gail Tverberg, The Oil Drum
Nate Hagens, The Oil Drum
Brian Westenhaus, New Energy and Fuel
Peter Carlock, OPNTALK
Dave Schuler, The Glittering Eye
Geoff Styles, Energy Outlook
Michael Swartz, Monoblogue
Bob McCarty, Bob McCarty Writes

Listen to the audio recording below:

Remarks to the Great Plains Energy Expo by API President and CEO Jack Gerard - 11/11/2008 12:00:00 AM

Tue, 11 Nov 2008 00:00:00 -0600

Shaping Our Energy Future: Challenges and Opportunities

Remarks to the Great Plains Energy Expo by API President and CEO Jack Gerard

November 11, 2008

I am honored and delighted to be a part of this second Great Plains Energy Expo – which is doing so much to focus attention on the energy challenges facing North Dakota and the nation. I want to thank my friend Senator Dorgan for being kind enough to invite me to this very worthwhile event.

Senator Dorgan has shown much leadership and vision in co-hosting the Great Plains Energy Expo, along with Bismarck State College and Kadrmas, Lee & Jackson. During his career in Congress, Senator Dorgan has been a true pioneer in promoting research into and development of the potentially vast oil resources of the Bakken Formation. And he has made many other important contributions to helping meet U.S. energy needs. His role will be even more important as the new regime takes office in Washington and we look to him for leadership.

I am also glad we could be joined by Dan Reicher (Director of Climate Change and Energy Initiatives at Google.org.) and hear his views on the challenges we face.

Most Americans recognize that energy cannot be considered apart from the U.S. economy. Energy means jobs, higher incomes, economic growth, and competitiveness in global markets. If we fail to see energy as an economic issue, we will have neither the energy we need nor the economy we require. That’s a reality I’ve focused on for a number of years heading up the American Chemistry Council and, before that, the National Mining Association.

The current worldwide financial crisis is uppermost in the minds of all Americans. But we cannot afford to neglect our energy challenges. Nor can we solve our financial problems by making our energy problems worse. You can’t strengthen the economy, if you weaken energy. The two are intrinsically linked.

The Great Plains Energy Expo is exploring how best to meet our energy needs in the decades ahead. As the leader of the U.S. oil and natural gas industry’s national trade association, I want to focus on the energy future of our nation and how oil and natural gas can help us to achieve that future. Energy is, for all of us, a never-ending learning experience.

It’s appropriate we are meeting here in North Dakota, which is playing such an important role in meeting our energy needs. The Bakken Formation has attracted national attention for its vast potential. Thirty years ago, estimates were that perhaps 100 million barrels of oil might be found. But, earlier this year, the U.S. Geological Survey revised its estimate, stating that the Bakken may contain up to 4.3 billion barrels of technically recoverable oil. If this potential bears out, it could provide enough oil to fuel 5 million cars for nearly 30 years.

In addition to helping meet a significant share of U.S. oil needs, Bakken means economic growth and jobs – the industry could need as many as 12,000 new workers here by 2010. Each drilling rig represents approximately 120 direct and indirect jobs. The average yearly wage for the oil and gas production industry here is more than 100 percent above the statewide average wage. During the campaign, President-elect Obama endorsed Bakken drilling as “an important development for North Dakota’s economy.” We certainly agree – and look forward to working with him and his administration on Bakken and other needed energy development.

North Dakota is also at the forefront of alternative fuels development. Thanks to Senator Dorgan’s leadership, the state is home to the National Center for Hydrogen Technology, at which cutting-edge hydrogen technology research and development is being undertaken. And the wind energy industry in North Dakota is making such strides that this state has been described as the “Saudi Arabia of wind.” These are energy initiatives with an economic pay-off in new jobs and a stronger, more diverse economy. When you consider the immense oil potential of the Bakken Formation and the alternative energy R&D underway here, you can appreciate how North Dakota, more than most states, is a bridge to our energy future.

This Great Plains Energy Expo could not be better timed. We are at an historic turning point for our country and its energy policies. Record high gasoline prices this year focused public attention on energy in the United States in a way not seen since the 1970s. Energy was a major issue all year in the presidential campaign. And public attitudes have changed dramatically on the need for domestic energy development.

But now the political campaigns are over. A new President and Congress are taking office. Elected officials, energy analysts, environmentalists, and consumers are seeking new energy approaches – and are rejecting the half-measures and quick-fixes that have failed so badly over the past several decades.

It’s time to get serious about energy. As President-elect Obama said last Tuesday evening, following his historic victory: “Let’s resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long.” The time is right for a fresh start on securing our nation’s energy future. This is our moment to get it right on energy.

Now more than ever -- in this time of financial crisis – our approach on energy must be reality-based. It needs to encourage development of all domestic energy sources: oil, natural gas, and alternatives like solar, wind and geothermal. Every respected energy study on future demand comes to the same conclusion about the next several decades: we need all the energy we can produce in an environmentally responsible manner. We cannot afford to focus on just one energy source, to the exclusions of others. Nor can we depend upon sources that are neither fully developed nor ready to compete in the energy marketplace.

It is hard to overstate the energy needs we must meet. The U.S. Energy Information Administration (EIA) estimates that sustaining a 3 percent rate of annual growth in the global economy to 2030 will require an expansion of crude oil the equivalent of the current combined consumption of the U.S. and China. The growth in demand for natural gas worldwide is expected to be even larger. Even with significant growth of alternatives and improvements in energy efficiency, oil and natural gas will meet more than half of the world’s energy demand in 2030 – or roughly the same as today.

EIA also projects that U.S. energy consumption will grow by 19 percent between 2006 and 2030. Although the share of non-fossil fuels is growing rapidly, oil and natural gas will continue to play leading roles through 2030. While oil and natural gas accounted for more than 60 percent of consumption in 2006, they are projected to provide more than half of consumption in 2030.

This is a challenge the U.S. oil and natural gas industry can meet – if government energy policies allow us to. We are the innovators; we know what it takes to find and produce the energy required. Unfortunately, Congress’ failure in the past to address our nation’s energy challenges in a meaningful, comprehensive way has amounted to a de facto industrial policy – one that drives American jobs overseas, weakens our economy and undermines our position in the global energy marketplace. This de facto policy not only fails to address our current energy problems, it makes solutions all the more difficult by imposing more taxes on our already heavily taxed industry and by denying it access to the domestic oil and gas resources we need to develop.

I believe Members of Congress don’t want to lose American jobs or weaken our economy – but that’s the result of the failure to enact a comprehensive policy that recognizes the interrelationships between energy and economic growth. My years at the American Chemistry Council underscored this reality. There was intense competition in the United States for our domestic natural gas supplies. Those on the losing end – like the chemistry business and other energy-intensive sectors – were being priced out of the U.S. market. It happened because our manufacturers compete globally and could not readily pass along higher energy costs. Instead, our production and jobs went to where affordable natural gas could be found in the world. So over the past several years, significant amounts of U.S. chemical production and lots of high-paying American jobs headed to regions such as the Middle East, where natural gas costs a fraction of what it does in the U.S. In the chemistry business, we lost more than more than 118,000 jobs since 2000. In manufacturing overall – made up of lots of energy-intensive industries – well over three million jobs have been lost in that time.

The oil and natural gas industry has been meeting energy challenges throughout our history and we continue to meet the massive and varied energy needs of American consumers. But our industry does not operate behind a Teflon shield when it comes to energy policy; harmful, counter-productive policies make it more difficult for us to do our job. Nor are we immune to the effects of the current financial crisis. Some companies have had to reduce their investments; others have not. Time will tell the full impact of this crisis. But ours is a cyclical industry. We’ve gotten through financial crises before and we will get through this one as well. Let me briefly review how we’ve been performing in recent years.

Between 1996 and 2007, the U.S. oil and natural gas industry invested more than $1.2 trillion in a range of long-term energy initiatives. And to meet the continued demand for oil and natural gas, our industry has continued to invest heavily. While our companies are focused on oil and natural gas, they have long been pioneers in developing alternatives and expanding our use of virtually all sources of energy.

The industry’s investment in emerging energy technologies between 2000 and 2007 represents 65 percent of the total spent by all of industry and the federal government during this time period. This includes renewables, frontier hydrocarbons, such as shale and oil sands, and end-use technologies, such as fuel cells.

Energy efficiency has also been a high priority for our industry. Through such technologies as combined heat and power, refiners are becoming more efficient, reducing both energy use and emissions. In fact, in 2006 alone, U.S. refiners saved the energy equivalent of taking more than half-a-million vehicles off the road.

Our industry is committed to continuing to meet the energy needs of U.S. consumers. We hope that the changes in public attitudes about energy this year will bring about a more favorable climate in Washington and help remove obstacles to increased domestic energy development.

Offshore drilling provides dramatic evidence of how public attitudes have changed on energy. In poll after poll, in state after state – even in traditionally anti-drilling states like Florida and Massachusetts – people support removing obstacles to offshore development. The message couldn’t be much louder: people want change in our energy approach and they want it now.

This change in public attitudes has already had an impact in Washington. Congress lifted Outer Continental Shelf leasing moratoria on the east and west coasts of the lower 48 states for the first time in more than two decades. Unfortunately, some in Congress still don’t get it and are already threatening to re-impose the moratoria. Exit polling in last week’s election reaffirmed the strong public support for OCS development: 68 percent of voters favored offshore drilling where it is not currently allowed. Nevertheless, industry critics tried to spin the election results as a repudiation of OCS development.

The financial crisis makes action on offshore drilling more urgent than ever. If we want to strengthen the U.S. economy, create jobs, and enhance U.S. global competitiveness, bolstering U.S. energy development is one important way to do it. According to the latest available data, the oil and natural gas industry supports 5.9 million jobs – 1.8 million people directly employed by the industry, with more than 4 million indirect jobs. Expanded access creates even more job opportunities – and many of these jobs pay more than double the national average.

In addition, oil and natural gas development on federal lands, both onshore and offshore, means more revenue for the U.S. Treasury – helping pay for vital programs and reducing pressure on U.S. taxpayers. Oil and natural gas leasing and development has generated more than $200 billion since 1953 through bonus bids, royalties and lease rental payments. The U.S. government received $3.7 billion from company bids in a single Gulf of Mexico lease sale this past March. Gross estimated royalties from all oil and natural gas resources estimated to be on federal lands could be $880 billion over the life of the resources. In addition to royalties, continued leasing of federal lands at the current rates could bring in hundreds of billions of dollars in additional revenues – in bonuses, rentals, severance taxes, corporate income taxes, and property taxes – over the next 50 years, based on recent leasing trends.

There is one central reality underlying our nation’s energy situation and we must not lose sight of it: we have abundant volumes of oil and natural gas resources beneath federal lands and coastal waters -- but, for many years, many of these resources have been placed off-limits to development. Federal lands hold enough undiscovered recoverable oil to produce gasoline for more than 60 million cars and fuel oil for 3.2 million households for 60 years. They also hold enough undiscovered recoverable natural gas to meet the needs of every household in the U.S. currently fueled by natural gas for 160 years. That happens to be 60 million households. And these estimates could very well be on the low side. Time and again, when industry has put its technological ingenuity to work, we have been able to recover far more oil and natural gas resources than the original estimates suggested.

The federal lands containing these vast resources include the offshore areas subject to the recently lifted moratoria. The new Congress and President should not re-impose the ban or place obstacles to the development of these resources. Moreover, most of the Eastern Gulf of Mexico and portions of the Central Gulf still remain under moratoria, keeping billions of barrels of oil and trillions of cubic feet of natural gas off-limits. U.S. leaders should take the additional step of opening up these areas in the Eastern Gulf and Central Gulf that remain off-limits – and take further steps to more quickly develop our offshore resources.

If our companies are provided the access they need to domestic oil and natural gas resources, they will employ state-of-the-art technology to develop these resources in an environmentally safe manner. We have a track record to prove it. U.S. producers and technology are the envy of the world. Technology has made possible the industry’s outstanding environmental record. The industry has invested more than $160 billion since 1990 toward improving the environmental performance of its products, facilities and operations. That’s $539 for every man, woman and child in the United States.

In recent years, revolutionary advances in technology have dramatically increased the ability of companies to recover more oil and natural gas from existing reservoirs and to find and develop resources in remote and previously inaccessible areas, such as the deepwater Gulf of Mexico. New drilling technology has opened up oil and natural gas previously out of reach -- the Bakken Formation is a good example. Only in recent years has technology evolved to make this resource economic to produce.

Several years ago, following the devastating Hurricanes Katrina and Rita, API and its members recognized that there was a vacuum in the discussion of energy issues in the United States. API began an intensive educational outreach effort to better inform the American public about the role of oil and natural gas in meeting the energy challenges facing our country. This effort has included a robust, national advertising program involving television, radio, and print ads. Perhaps you’ve seen some of our ads.

What we are trying to do is increase the level of energy literacy in our country. The results of our educational effort thus far are encouraging, but we have a ways to go. We are convinced the more transparent and robust the debate, the better the outcome. The public understands and is anxious to address the challenges that lie ahead.

The U.S. oil and natural gas industry knows how to meet energy challenges and serve the needs of our customers. We recognize that no one industry can meet all of our nation’s energy needs. Nor can the private sector do it alone. We need government to take a balanced and reasonable approach on energy. Congress’ lifting of the offshore moratoria is a good first step – but much more needs to be done.

There are no silver bullets or magic formulas on energy. History proves that short-cuts and half-solutions not only don’t work, they make our problems worse. If we don’t learn from this history, there can be no question we will repeat it. We need a comprehensive approach to energy shaped by reason, common sense, and experience – an approach based on competition in the marketplace and state-of-the-art technology.

What we must do is clear. We need to develop the full range of energy sources, including renewable and alternatives. But we must also continue to increase and diversify our oil and natural gas sources. And we must keep ahead of the technology curve, increase our energy efficiency, and maintain the maximum effort to protect our environment. Each of these steps is essential; if we neglect any, we undermine all.

Shaping our energy future involves challenges and opportunities. We have the expertise and the technology to meet the challenges. But we must also seize the opportunities presented by the changed public attitudes on energy. We need to translate the change in public attitudes into a change in government policy. We need to heed the counsel of President-elect Obama to “resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long.” We need to rise above the all-or-nothing attitudes of the past and come together to prepare us for the next four years and beyond, as we restore our economic strength and shape our energy future. I hope you will join us in this important endeavor.

Thank you.

Blogger Conference Call: Industry Earnings and Recent Oil Prices - 10/31/2008 12:00:00 AM

Fri, 31 Oct 2008 00:00:00 -0500

Summary:
On Thursday, Oct. 30, API hosted a blogger conference call to discuss third-quarter industry earnings, as well as the recent decline in oil prices. Jane Van Ryan moderated the call, which was led Rayola Dougher and Ron Planting of API. Special guest Lou Pugliaresi of the Energy Policy Research Foundation was also on the call to offer additional insight for the bloggers’ questions. Fourteen bloggers dialed-in for the hour-long call, which touched a variety of topics including windfall profits tax, a potential gas tax and other policy issues, in addition to the originally scheduled topics.
Download this transcript (.pdf)

Moderator:
Jane Van Ryan, Senior Communications Manager, API

Speakers:
Lou Pugliaresi, President, Energy Policy Research Foundation
Rayola Dougher, Senior Economic Advisor, API
Ron Planting, Manager of Statistics, API

Bloggers:
Carter Wood, Shopfloor
Cindy Kilkenny, Fairly Conservative
Dave Schuler, The Glittering Eye
Devil’s Advocate, Copious Dissent
Gail Tverberg, The Oil Drum
Geoff Styles, Energy Outlook
Greg Balch, Goat's Barnyard
Joules Burn, The Oil Drum
Robert Rapier, R-Squared
Steve Atkinson, The Conservative Voice of America
Wilson Cruz, Vulcan's Hammer
Brian Westenhaus, New Energy and Fuel
Ken Moyes, Broken Government
"The Bear", The Absurd Report

Listen to the audio recording below:

Blogger Conference Call: Energy Current Events - 9/28/2008 12:00:00 AM

Sun, 28 Sep 2008 00:00:00 -0500

Summary:
On Sept. 26, 2008, API hosted bloggers on a conference call to discuss current events, issues and legislation relating to energy. Topics discussed included the impact of recent hurricanes on supply, as well as access to U.S. offshore resources.
Download this transcript (.pdf)

Moderator:
Jane Van Ryan, Senior Communications Manager, API

Speakers:
Red Cavaney, President and CEO, API
Prentiss Searles, Marketing Issues Manager, API
Sara Banaszak, Senior Economist, API
Tim Sampson, Senior Advisor, API
Richard Ranger, Manager, Upstream, API

Bloggers:
Bob McCarty, Bob McCarty Writes
Carter Wood, ShopFloor.org
Cindy Kilkenny, Fairly Conservative
Devil's Advocate, Copious Dissent
Doug Lambert, Granite Grok
Gail Tverberg, The Oil Drum
Geoff Styles, Energy Outlook
Greg Balch, Goat's Barnyard
Jim Hoeft, Bearing Drift
Joules Burn, The Oil Drum
Joy McCann, Little Miss Attila
Michael Swartz, Monoblogue
Mick Orton, FedUp Network
Peter Carlock, OPNTalk
Pejman Yousefzadeh, RedState
A Chequer-Board of Nights and Days

Listen to the audio recording below:

Red Cavaney Addresses Forum Club of the Palm Beaches - 5/19/2008 12:00:00 AM

Mon, 19 May 2008 00:00:00 -0500

On Monday, May 19, 2008, API President and CEO Red Cavaney gave the keynote address at the Forum Club of the Palm Beaches luncheon event with more than 450 attendees from Palm Beach County and the surrounding areas. The audience included more than 10 local elected officials, students from the International Baccalaureate program at Atlantic High School in Del Ray, members of the media, local business leaders and community members. API’s Interactive Technology Exhibit accompanied Mr. Cavaney at the luncheon.

View the full transcript here.

In addition to the speech, Mr. Cavaney participated in media interviews with WIOD-AM 610, "South Florida’s First News," WPTV NewsChannel 5 (NBC) and WPBF (ABC).

View photos from the event below:

Red Cavaney Addresses the Denver Forum - 5/2/2008 12:00:00 AM

Fri, 02 May 2008 00:00:00 -0500

On May 2, API President and CEO Red Cavaney addressed the Denver Forum, one of the nation's top executive speaking forums.

Denver Forum President George Mitrovich introduced Red Cavaney against the backdrop of API's Interactive Technology Exhibit at the Oxford Hotel in downtown Denver. Mr. Cavaney presented forum members with facts and anecdotes on a range of energy issues, including gasoline prices, industry earnings, global economic trends and commodities markets, and the oil and natural gas industry in Colorado.

Mr. Cavaney closed his speech by encouraging all political parties and representatives from geographic regions to work together to solve the energy challenges ahead. He said too much depends on the future of energy for it to be determined by bumper stickers. During the Q&A session, Forum Club members asked Mr. Cavaney about API's educational advocacy program; inquired how much oil and natural gas is owned by American companies; asked about environmental and access issues; and requested details on the rate of return for oil shale developments, a promising resources in Colorado.

For more information on the Denver Forum, click here. To learn more about API's Interactive Technology exhibit, visit www.apitechtour.org.

New York University Stern Business School's CEO Series - 4/8/2008 12:00:00 AM

Tue, 08 Apr 2008 00:00:00 -0500

Shell Oil Company President John Hofmeister addressed more than 250 students, faculty and alumni of New York University’s (NYU) Stern School of Business for one hour as part of the school’s CEO Series. Held three times a year, the CEO Series brings some of the world's most influential business leaders on campus for candid conversations about their work and their industries. The activities include a small reception hosted by Dean Thomas Cooley and other NYU Stern representatives, the formal CEO Series interview moderated by a leading journalist and a closing reception with the speakers and attendees.

Dean Thomas Cooley of NYU’s Stern School of Business opened the event by introducing Mr. Hofmeister and Vijay Vaitheeswaran, an executive-in-residence at NYU and a reporter with The Economist. Mr. Vaitheeswaran proceeded to interview Mr. Hofmeiseter, asking approximately 20 questions throughout the duration of the event.

Discussion topics included:

Myths associated with current energy landscape
Geopolitical issues and the nationalization of energy resources
Energy "independence," interdependence and U.S. access policy
Technological advances in the energy industry

After approximately 45 minutes of discussion, Mr. Vaitheeswaran opened the floor to questions from the students. Mr. Vaitheeswaran allowed the audience to quickly ask three questions, which were then reiterated by Mr. Vaitheeswaran. This allowed the conversation to commence more smoothly. Questions from the audience ranged from topics including:

The debate over peak oil and the role of energy executives in framing the discussion
The global oil market’s effect on U.S. policy
Shell’s role in fighting global warming and its position on cap-and-trade
The future of partnerships between independent oil companies and national oil companies
Industry-wide investment in alternative energy solutions

Newsweek Panel Discussion - 2/26/2008 12:00:00 AM

Tue, 26 Feb 2008 00:00:00 -0600

"Good afternoon. I'm Tony Emerson, I'm managing editor of Newsweek International. I'd like to welcome you all to a very timely Newsweek Executive Forum. I'm thrilled to be here myself. We have a great panel. Newsweek and her new advertising partner API are pleased to present an Issues 2008 Panel Discussion on Globalization Trends and Energy and the Growing Competition for Resources.

Newsweek has committed extensive resources over the last year to covering the environment and energy and obviously will continue to do so for the foreseeable future because energy is going to remain hot for the foreseeable future. Our International Edition published a special issue on the future of energy that was distributed in 2007 at Davos. Last April, Newsweek followed up with a cover on environmental leadership which coincided with our inaugural global environment in leadership conference at Georgetown University. Our keynote speaker there was Arnold Schwarzenegger. You may have noticed him, his picture smiling at you from our cover, as you entered the meeting room today."

Download the full transcript

Gary R. Heminger: Speech before The Commerce Club of Atlanta - Our Energy Future: A Portfolio Approach - 1/24/2008 12:00:00 AM

Thu, 24 Jan 2008 00:00:00 -0600

"Good afternoon. It’s a pleasure to be here to share my views on energy for today and tomorrow.

What must we do to insure affordable,reliable supplies of energy for Georgia, for our country, and the world as a whole?

I’m optimistic. The key is to develop a portfolio of resources . . . I’ll be returning to that theme in a moment, along with a discussion of the facts behind my prescription for the future and the critical need to open domestic reserves NOW in order to build American energy security."

Download the full transcript

New Jersey Energy Summit - 12/12/2007 12:00:00 AM

Wed, 12 Dec 2007 00:00:00 -0600

API, the New Jersey Petroleum Council and New Jersey State Chamber of Commerce hosted the New Jersey Energy Summit on December 17, 2007 at The Hyatt Regency in New Brunswick, N.J. More than 170 of the state’s top business leaders and policymakers attended the comprehensive and informative event discussing the most pressing energy issues in New Jersey.

View photos from this event below:

The event featured three panels on energy markets and prices, how the states' foremost energy companies are working to meet energy demands, and the policies municipalities can implement to address energy concerns. Panelists and keynote speakers included:

Red Cavaney, API president and chief executive officer
John Felmy, API chief economist
Dr. Emil Jacobs, vice president research and development for ExxonMobil
John Troutman, BP Gas America’s president
Jim Benton, executive director of the New Jersey Petroleum Council
Ralph LaRossa, president and COO, PSE&G
Willie Chiang, senior vice president, Commercial, ConocoPhillips
Stephen E. Morgan, president, Jersey Central Power and Light (JCP&L)
Jane Pajak, Northeast district leader, Colonial Pipeline
Larry Downes, president and chief executive officer, New Jersey Natural Gas
Dr. Joseph Seneca, professor in the Edward J. Bloustein School of Planning and Public Policy and chairman of the New Jersey Council of Economic Advisors
Daniel Brusstar, vice president of energy research for the New York Mercantile Exchange
Lance Miller, chief of policy and planning at the New Jersey Board of Public Utilities (BPU)
James Robinson, senior vice president at the U.S. Chamber of Commerce
Lou Magazzu from the New Jersey Association of Counties
Mayor Meryl Frank of Highland Park

The event also featured API’s Interactive Technology Exhibit.

Clarence P. Cazalot Jr.: Speech before the Detroit Economic Club - Delivering America's Energy Security - 10/30/2007 12:00:00 AM

Tue, 30 Oct 2007 00:00:00 -0500

"Good afternoon ladies and gentlemen. I want to thank the Detroit Economic Club for this opportunity and to thank you for taking time out of your very busy schedules to be here with us this afternoon. I certainly hope to make it worth your while.

I want to talk to you about a very serious subject... Delivering America’s energy security.

There’s a lot of discussion today about energy independence.

My view is that energy independence is neither possible nor is it desirable. In fact, calling for energy independence creates uncertainty amongst our international trading partners and hinders investment in new international energy supplies.

The real key for us is energy security, which I define as having an adequate, reliable and sustainable supply of energy to meet the needs and aspirations of private citizens, commercial enterprises and public sector functions."

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Clarence P. Cazalot at the Port of Tampa - 6/20/2007 12:00:00 AM

Wed, 20 Jun 2007 00:00:00 -0500

Clarence P. Cazalot, President and CEO of Marathon Oil Corporation, addresses America's energy security at the Port of Tampa on June 20, 2007.

Watch a clip of the speech using the player below:

Red Cavaney at the CalTech Executive Forum - 3/26/2007 12:00:00 AM

Mon, 26 Mar 2007 00:00:00 -0500

I am delighted to be with you this evening. It's great to be back in one of America's premier oil-producing states! How many Californians know that their state ranks third in oil production – and that, for well over a century, California has been a leader in the U.S. oil and natural gas industry? It's doubly nice to be back in Pasadena, having grown up in the neighboring community of Alhambra. I always enjoy returning home to Southern California.

The organizers of tonight's event asked me to give my talk a provocative title. Fittingly, I chose: "It's the Policy, Stupid: Meeting Energy Challenges in the 21st Century." It's a serious title, because we're at a critical time for making energy policy decisions. As I will explain, I take an optimistic view of our ability to ensure energy supplies for future generations of Americans.

For more than 100 years, our companies have been dedicated to the efficient and reliable production of energy for U.S. consumers. It is a role we'll continue to play for generations to come.

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