[E&E seminars] NG Speaker Series Update

[Megan Nimura]

Natural Gas Speaker Series
Porter Bennett and guest Jozef Lieskosvky
US Natural Gas Market Outlook: Boom and Bust, or New Beginning?
Thursday, September 24, 2009
2pm-4pm
Light snacks and beverages
Room E19-319
50 Ames Street
Massachusetts Institute of Technology
Cambridge, MA
 
Abstract
US natural gas production is soaring. Since October 2008, drilling activity
has fallen by approximately 50%, yet production continues to climb,
contradicting the behavior projected by many industry models. Advances in
technology explain some of the variance as producers unlock unconventional
resources at an unprecedented rate, shifting the relative importance of the
nation¹s gas producing basins. Meanwhile, total demand has fallen despite a
70% decline in prices over the past year. The result: natural gas
inventories are reaching unprecedented levels.
 
Two futures are possible for the industry: one is a repeat of past boom and
bust cycles; the second is one of sustainable growth whereby natural gas
becomes the central fuel as the nation moves toward energy security and a
low carbon emission environment.
 
This presentation will examine how supply, demand and transportation
interact to shape the US natural gas market and how the market is being
transformed by technological advances. BENTEK¹s unique analysis of natural
gas flow patterns along with current drilling and production data will be
used to explain recent price trends, how prices will behave in the years
ahead and what the market says about how the industry may evolve.
 
Bio
Porter Bennett is the President and CEO of BENTEK Energy, LLC, which he
founded in 1985. Over the past 24 years he has led the evolution of the
company from an energy industry consulting firm specializing in market and
customer analysis to today¹s leading energy market information company.
 
He holds a MS Degree in Mineral Economics from the Colorado School of Mines,
and a MA Degree in International Affairs from Columbia University.
 
Jozef Lieskovsky is the Director of Research at BENTEK Energy, LLC. Mr.
Lieskovsky has over eight years of experience analyzing natural gas market
fundamentals. Prior to joining BENTEK, Mr. Lieskovsky worked as a
fundamental market analyst for the trading desk of Enron, BP, and UBS.  He
holds a M.E. from University of Iowa and a MBA from MIT.

-- 
megan nimura  |  administrative assistant
study of natural gas | study of solar energy
mit energy initiative | e19-370v
t 617.715.5279    |  f 617.253.8013

mnimura at mit.edu


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