Dr. Michael Economides

Professor of Chemical and Biomolecular Engineering

Michael Economides

mje@uh.edu

Dr. Economides is Editor-in-chief of Energy Tribune and a Professor at the Cullen College of Engineering at UH. He is among America's leading energy analysts

The LNG Solution

By Dr. Michael Economides 2013-12-19 21:22:00

Natural gas, a premium fuel for both its energy value and environmental friendliness, has suffered in the past because it’s difficult to transport. Liquid natural gas (LNG) at -162˚C accounts for about 32 percent of the transnational trade in natural gas. The rest is carried by pipelines, dominated by Russia.   LNG is not an automatic answer to natural gas as a transportation fuel. It requires large economies of scale, very large investments, and...

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Battle for the Arctic

By Dr. Michael Economides 2013-11-04 14:04:00

The link opens up to a colorful webpage and an animated image of the Arctic night sky. On top of the page, in large bold letters in both Chinese and English, is the message: “SAVE THE ARCTIC.” The accompanying video, shown on numerous Greenpeace websites globally as well as the Greenpeace International home page, is short, a mere 1:36, but hard-hitting. The name of the video is “Save the Arctic from Shell and its Russian friends.” ...

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China's Beleaguered Oil Giants

By Dr. Michael Economides 2013-10-15 11:19:00

Just a few years ago it seemed that China’s national oil companies (NOCs) – CNOOC, PetroChina and Sinopec – could have it all:  almost unchecked power at home,  a monopoly over the world’s largest emerging market,  carte blanche to forage anywhere to buy oil and gas properties, and  some of the most successful IPOs in recent memory.  But the news is...

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The Collapse of OPEC Power and the Coming Arab Winter

By Dr. Michael Economides 2013-07-30 11:24:00

Since its inception in 1960, OPEC has never been shy about flexing its energy-fuelled power over the West. But those days are gone. And it’s not just the U.S. shale gas and oil revolution which threatens OPEC’s decline. OPEC is already grappling with a whole bunch of serious energy problems that are colluding to hasten its demise. Let’s just focus on the OPEC kingpin and world’s leading oil producer, Saudi Arabia. Even as the Saudis and other OPEC leaders...

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The Changing Sino-Russian Energy Dynamic

By Dr. Michael Economides 2013-04-30 09:20:00

For more than a decade, Russia under Vladimir Putin has played an increasingly important role on the world energy scene. A frequently quoted sound bite from our book, From Soviet to Putin and Back, is this: “What Brezhnev and Khrushchev were not able to do with nuclear weapons, Putin has been able to do with oil and gas in what arguably can be called ‘energy imperialism.’” At the same time, our other book, Energy: China’s Choke Point, made the...

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Critics of LNG Exports Undermine Its Strategic Benefits

By Dr. Michael Economides 2013-02-15 16:15:00

In recent weeks there has been a growing debate over whether to allow American liquefied natural gas (LNG) to be exported to the global market. Dow Chemical, ALCOA and others launched a new campaign, dubbed America’s Energy Advantage, to fight the export of LNG in an attempt to artificially suppress domestic natural gas prices for their own benefit.  Unfortunately, what’s good for these few companies is not good for the U.S. economy. Ultimately, LNG exports benefit the entire U.S....

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$80 Oil On The Way to $100 By Early 2010

By Dr. Michael Economides 2013-01-07 09:49:00

Oil is now over $80 per barrel. In January, while many other analysts were predicting $40 to $60 oil, I predicted that oil would soon be back at $100. There are obvious and real underlying reasons for the escalating oil prices. But news headlines have ruled the price of oil since at least 2004. There was no real rational economic reason for oil to reach almost $150 (which for people with short memories may seem to...

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Chinas Oil Imports Continued Their Gallop in 2009

By Dr. Michael Economides 2013-01-07 09:49:00

by Xina Xie and Dr. Michael J. Economides It was supposed to be a year of economic slowdown and unavoidably lower energy demand. The United States after years of increasing oil demand even declined a bit, not by as much as people claimed but enough to measure, about 5 percent from just about 20 million to about 19 million barrels per day. (To view a full report from the U.S. Energy Information Administration, click HERE.)

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Drilling Down in Obamas Oil Play

By Dr. Michael Economides 2013-01-07 09:42:00

by Michael J. Economides and Peter Glover Horse trading in bygone eras, the proverbial standard of shady deals, cannot match the politics of the day in the United States. Barack Obama – a president as hostage to liberal rhetoric as one could ever envision and who ran a presidential campaign on the most virulent of anti-oil, pro renewables tickets – has unexpectedly reversed the long-standing US ban on offshore oil drilling. Speaking in...

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The Keystone Pipeline Debacle

By Dr. Michael Economides 2013-01-04 16:09:00

Robert Bachman, a friend from Calgary and a distinguished reservoir engineer, sent me this e-mail on November 11, 2011: “Michael, I am really looking forward to your comments on the Keystone debacle. You know as well as I do that the U.S. has just stabbed its best friend in the back. It will take a while to sink in here in Calgary, but I guess we have to put all our hopes on the approval of Enbridge's Northern Gateway...

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