Podcast appearances and mentions of Wallace S Wilson

We had a super-unique and stimulating session today all about interactions between the energy industry, the media, public opinion and energy policy. We were lucky to be joined by two experts in the field: Jim Krane, Ph.D., Author and Wallace S. Wilson Fellow for Energy Studies at Rice University's Baker Institute and Chris Tomlinson, Author and Business Columnist for the Houston Chronicle. With Jim and Chris's backgrounds, we were able to cover several topics including journalism, energy in the classroom, climate change, Jim and Chris's time spent in the Middle East and the ethical trade-offs in energy and the environment to name a few. It was a far reaching and lively discussion. As you will hear, we didn't always agree and we touched on some hard topics... but in the spirit of what we are trying to do at COBT, we found two great friends today and we learned from them. Thank you Jim and Chris! As always, the TPH crew kicked off with today's scoop: Mike Bradley discussed the DAPL decision deadline coming up this Friday as well as recent talks to revive the Iran Nuclear Deal. Matt Portillo shared a few updates from the TPH Research team including a review of the recent Virtual Battery Workshop held last week, their recent Solar Forecast Report and the rise of interest in Carbon Capture technologies. Colin Fenton prepared a few slides covering an update on producer's hedging strategies and COVID-19 data on vaccinations and the possibility for herd immunity in the near future.Thank you, as always, for watching! We hope you enjoy.----------------------------------------------------------------------------Copyright 2021, Tudor, Pickering, Holt & Co. The information contained in this update is based on sources considered to be reliable but is not represented to be complete and its accuracy is not guaranteed. This update is designed to provide market commentary only. This update does not constitute an offer to sell or a solicitation of an offer to buy any securities. Nothing contained in this update is intended to be a recommendation of a specific security or company nor is any of the information contained herein intended to constitute an analysis of any company or security reasonably sufficient to form the basis for any investment decision. Past performance is not indicative of future results. Tudor, Pickering, Holt & Co., and its officers, directors, shareholders, employees and affiliates and members of their families may have positions in any securities mentioned and may buy or sell such securities before, after or concurrently with the publication of this update. In some instances, such investments may be inconsistent with the views expressed herein. Tudor, Pickering, Holt & Co. may, from time to time, perform or solicit investment banking or other services for or from a company, person or entities mentioned in this update. Additional important disclosures, including disclosures regarding companies covered by TPH’s research department, may be found at www.tphco.com/Disclosure. Tudor, Pickering, Holt & Co. (TPH) is the global brand name for Tudor, Pickering, Holt & Co. Securities, LLC, Tudor, Pickering, Holt & Co. Securities – Canada, ULC, Perella Weinberg Partners LP, and their affiliates worldwide. Institutional Communication Only. Under FINRA Rule 2210, this communication is deemed institutional sales material and it is not meant for distribution to retail investors. Recipients should not forward this communication to a retail investo

In mid-February, a cold weather storm swept much of the United States. In Texas, the result was catastrophic, as skyrocketing electrical demand and plummeting supply led to massive, protracted blackouts across the state. The Electric Reliability Council of Texas (ERCOT), which operates most of the state’s electrical grid, has received an avalanche of criticism. What is ERCOT? What factors led to the mid-February blackouts? What can ERCOT and the state of Texas do to avoid similar disasters in the future? This episode has two guests. The first is Dr. Jim Krane, Wallace S. Wilson Fellow for Energy Studies here at the Baker Institute. He has co-written an article for Forbes entitled “Winterization and the Texas Blackout: Fail to Prepare? Prepare to Fail.” Our second guest is Dr. Julie A. Cohn. She is a Nonresident Scholar at our Center for Energy Studies and authored a piece for the Washington Post called “Texas Seceded from the Nation’s Power Grid. Now It’s Paying the Price.” Both articles are available on the Baker Institute website.

In the heart of Texas oil country, in downtown Midland, there’s a locally-famous digital sign. Each day it displays the price of crude. In 2008, it displayed $100 a barrel for the first time. On April 20, it read “Negative oil??” Jim Krane,Wallace S. Wilson Fellow for Energy Studies at Rice University’s Baker Institute, joins host Krys Boyd to talk about the collapse of oil futures, what happened to demand, and how problems in the energy sector affect the larger economy.

How did the Persian Gulf states' energy use and policies change with the discovery of oil? That is what Jim Krane tackles in his latest book, Energy Kingdoms: Oil and Political Survival in the Persian Gulf, which he discusses on this week's podcast with Marc Lynch. Energy Kingdom traces the history of the Gulf states’ energy use and policies, looking in particular at how energy subsidies have distorted demand. "Nobody ever lifted the hood on their own economies domestically in the Gulf— and looked at just how much energy they use domestically," said Krane. "Energy has been cheap in the Gulf since day one— I really kind of peg the the low prices back to the 1973 oil embargo... But the average household in the UAE used between four and five times  as much electricity as a household in Arizona, where you also have a very hot climate and energy intensive lifestyles." "It was amazing to me that even Arizona pales in comparison with energy demand and in a place like the UAE— and the UAE isn't even the highest. Kuwait is just off the charts for the amount of amount of energy that that's used." said Krane. "And one of the reasons for that is because it's just so incredibly cheap" due to government subsidies. "Not only were rising energy demand a threat to the economy, but it's a threat to the ruling sheikhs that govern these these countries. And if they couldn't get it under control, at some point they're going to have change the way of the type of governance that they had in that region," said Krane. Krane is the Wallace S. Wilson Fellow for Energy Studies at Rice University’s Baker Institute for Public Policy. He holds a Ph.D. from Cambridge University and is the author of City of Gold: Dubai and the Dream of Capitalism (2009). A former journalist, he was a correspondent for the Associated Press and has written for publications including the Washington Post, the Wall Street Journal, and Financial Times.

It is difficult to overstate how much global attention the Kingdom of Saudi Arabia has been receiving. From its involvement in Yemen’s civil war to its ever-growing rivalry with Iran, Saudi Arabia and its assertive foreign policy have captured international observers. On top of this, the killing of journalist Jamal Khashoggi and the controversial rise of Crown Prince Mohammad bin Salman have been watched closely across the world by people of all stripes.  Our guest in this episode is Dr. Jim Krane, the Wallace S. Wilson Fellow for Energy Studies at the Baker Institute. Here, Dr. Krane explains how these current events in Saudi Arabia affect not only U.S. foreign policy considerations, but also energy geopolitics on a global scale.

Recent years have seen huge increases in American oil and gas production, with dramatic consequences for the U.S. economy and international energy markets. How has this new production affected global prices? Will it alter the relationship between the United States and traditional energy producers, particularly in the Middle East? And how have concerns about climate change affected energy policies in producing countries, notably Saudi Arabia? In this episode, Jim Krane, the Wallace S. Wilson Fellow for Energy Studies at the Baker Institute, discusses the American energy revolution, the response of OPEC and traditional producers, and how global energy politics may be changing.

Jim Krane, Wallace S. Wilson Fellow for Energy Studies, James A. Baker III Institute for Public Policy, Rice University discusses oil monarchies in the Arabian Peninsula.