Newspaper article THE JOURNAL RECORD

OPEC Official Tells Tulsans Price Volatility Hurts Oil, Gas Industries

Newspaper article THE JOURNAL RECORD

OPEC Official Tells Tulsans Price Volatility Hurts Oil, Gas Industries

Article excerpt

Members of the Organization of Petroleum Exporting Countries want the same thing as Oklahoma motorists: ample supplies of oil, price stability and greater use of renewable energy sources - all the while protecting the planet from environmental disaster.

That was message from Hasan Qabazard, director of the OPEC research division, on Wednesday.

Qabazard was the keynote speaker at the University of Tulsa during the National Energy Policy Institute's conference on the future of the global oil market entitled "OPEC at 50: Its Past, Present and Future in a Carbon-Constrained World."

Tony Knowles, president of NEPI, said the conference brought together industry experts and scholars for a discussion examining the future and evolution of the world oil market.

"We had a world-class group of minds, that in the midst of the political turmoil shaking global energy markets, they could discuss current and future energy consumption and the role of OPEC on oil prices and supply," Knowles said.

"Energy is a complex subject. That does not mean that you have to dumb it down for people, but the challenge for these policy people is to share it in ways that the people who set national policy understand," Knowles said. "We want to give science-based reasons for the way markets react to world events."

One of the topics discussed was that going forward, the U.S. will have to gain a measure of energy independence, Knowles said.

"Not that the U.S. eliminates all foreign oil sources," Knowles said. "What we are seeing mentioned at the conference is that there is a tilt of the scale and that America has energy independence within its grasp."

As the U.S. grows its domestic production, oil will not be the driver of foreign policy decisions, Knowles said.

Qabazard, who earned his Ph.D. from Oklahoma State University in 1990, joined OPEC as director of its research division in 2006. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.