Oil and the Future of Energy

Michael Lynch, President and Director of Global Petroleum Service, Strategic Energy and Economic Research Inc. (SEER)

Friday, September 14, 2012, 3:30pm

Spanos Auditorium

This seminar is part of the Jones Seminars on Science, Technology, and Society series.

Much of the debate about the future of energy revolves around impressionistic and subjective judgments. A careful examination of many of the beliefs, such as price expectations and pollution fears, suggests that many of them are not well-founded in facts, with even many apparent experts falling short in their analyses. The current situation strongly resembles the oil crises of the 1970s, when many predicted ever-rising prices, wars over petroleum, and an imminent move to shale oil, electric vehicles, photovoltaics, and other 'new energies,' all of which failed to deliver. We are likely to see a repeat in coming years, and oil and gas will continue to play a major role in energy consumption in the future, with some technologies now being touted returning to the research laboratory.

About the Speaker

Michael Lynch has over twenty years’ experience analyzing international energy, particularly oil and gas markets. He has numerous publications in four languages and speaks regularly at international conferences. He is the primary author of Global Petroleum SEER and Global Petroleum Outlook, which provide short- and long-term oil market analyses. Mr. Lynch's previous work has included computer modeling of the world oil market and estimation of the economics of supply for both world oil and natural gas, including LNG supply, and market behavior under normal and disrupted conditions. He has also given testimony and advice to committees of the U.S. Congress and the United Nations, the World Bank, and the International Energy Agency. Before coming to Strategic Energy & Economic Consulting , Inc., Mr. Lynch was Vice President of Oil Services at WEFA, Inc. Prior to coming to WEFA he was Director, Asian Energy and Security, at the Center for International Studies, M.I.T., as well as a Lecturer in the Diplomatic Training Program at the Fletcher School of Law and Diplomacy, Tufts University. Prior to that, he held a number of research positions at M.I.T., as well as serving as a senior associate for the Washington International Energy Group. His work consisted primarily of advising corporations, governments, and industry associations on world oil and gas markets and energy security policy.