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EIA Conference 2009
Session 9: Investing in Oil and Natural Gas - Opportunities and Barriers 

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Moderator: Bruce Bawks (EIA)
Speakers Susan Farrell (PFC Energy)
John Felmy
(American Petroleum Institute)
Michelle Foss (University of Texas)
Paul Sankey
(Deutsche Bank)
  Note: Concurrent sessions used a variety of presentation and round table discussion formats. All available presentations have been posted.
Moderator and Speaker Bios and Presentations
Bruce Bawks, EIA

Investing in Oil and Natural Gas Opportunities and Barriers PDF Icon pdf Powerpoint Icon ppt

Bruce Bawks joined the Energy Information Administration in 1984.  Since February 2004, he has been the team leader of EIA’s financial analysis team, which is responsible for analyzing and publishing financial and operating data collected from major energy producers.  Prior to 2004, he was involved in several projects throughout EIA, including the development of international energy models and petroleum refining models, and analysis of petroleum product markets.  He received his M.A. in economics from the University of Delaware.

Susan Farrell, PFC Energy

Investing in Oil and Natural Gas: A Few Key Issues PDF Icon pdf Powerpoint Icon ppt

Susan Farrell is a Senior Director in PFC Energy's Upstream & Gas practice.  Susan joined the company in 2000, bringing over twenty years of experience in the assessment and implementation of strategic and investment planning for international markets.  Prior to joining PFC Energy, Susan led the global strategy groups of two major oilfield service companies.  From 1996 to 2000, she held the positions of Director of Global Strategy & Planning and Director of Global Marketing for Brown & Root Energy Services in London and Houston.  From 1977 to 1996, she held a variety of positions in planning and international market analysis at J. Ray McDermott, in both New Orleans and London.  Her final position was Director of Global Marketing.  For fifteen years, Susan conducted on-site market assessments in Asia Pacific, the Middle East, Europe and North America, which were used as the framework for operating and strategy decisions.  Prior to joining McDermott, Susan worked in a strategy consulting firm in Brussels, Belgium.  Susan received a B.A. in Economics from Brown University and an M.B.A. from Boston University.

John Felmy, American Petroleum Institute

John Felmy is the Chief Economist of American Petroleum Institute.  He is responsible for overseeing economic, statistical and policy analysis of the Institute.  He has over twenty-five years experience in energy, economic and environmental analysis.  He is a member of several professional associations including the American Economics Association, the National Association for Business Economics and the International Association for Energy Economics.  He received both his B.A. and M.A. in Economics from The Pennsylvania State University and his Ph.D. in Economics from The University of Maryland.

Michelle Foss, University of Texas

Oil & Gas Investment PDF Icon pdf Powerpoint Icon ppt

Michelle Foss is the Chief Energy Economist and Head of the Center for Energy Economics at the Jackson School of Geosciences at University of the Texas-Austin.  She has twenty-nine years experience in energy and environmental research and consulting (oil and gas, coal, nonfuel minerals, electric power) in the U.S. and abroad in senior positions with extensive public speaking and publications.  She possesses broad experience in applied energy economics and business development, enterprise strategy and commercial operations, and business-government relationships across the energy value chains.  She has also been involved in numerous executive/senior management planning, and scenario-building briefings on global energy issues and trends.  She received her Ph.D. in Political Science from the University of Houston in 1995, her M.S. in Mineral Economics from Colorado School of Mines in 1985, and her B.S. Biology (Geology Minor) from the University of Louisiana at Lafayette, in 1976.


Paul Sankey, Deutsche Bank Paul Sankey is Deutsche Bank's lead US integrated oil and refining analyst, based at the company's Wall St. headquarters. He has been part of DB's top-ranked global oil and gas equity research franchise since 2000. He was rated the top Integrated Oil Analyst on Wall St in the 2008 Greenwich Survey and on the podium for integrated oil coverage in the 2008 Institutional Investor All-American stock analyst survey. The Wall Street Journal ranked Paul in its "Best on the Street" survey in 2007. Previously, he held positions as a Managing Consultant at premier oil consultancy Wood Mackenzie, in Edinburgh, Scotland, and prior to that as an oil analyst at the International Energy Agency, Paris.