October Meeting - Energy Policy: Is it Effective? Is it Fair?

When:  Oct 21, 2016 from 11:30 AM to 01:00 PM (CT)
Associated with  Evangeline Section

Energy Policy: Is it Effective? Is it Fair?

 

Frank Blaskovich

Blaskovich Services, Inc.

Abstract:

Developing sound energy policies is difficult under the best circumstances.  There is a delicate balance between government's need for revenue, modern society's need for energy and the producer's need for profitability to exploit resources.  Many factors can affect the results for all interested parties.  Good policies require an appreciation for the interactions among oilfield development and operations, costs and prices, government taxes and regulations and many other factors that are often difficult to define accurately. 

We live in a complex world that acts like a system with many interconnected components.  Humans are ill equipped to understand its behavior.  We instinctively focus on short term, local issues and simple cause and effect rather than the bigger picture.  This reduces the likelihood that we can design effective policies that will work well over the long term for all stakeholders.

There are no easy solutions in complex systems. We developed an approach using system models and regret analysis to find flexible and resilient tax policies, in spite of uncertainties, that would provide all parties with fair, profitable solutions – even though none might achieve their maximum goals.  It can also measure the relative benefits of existing energy policies and, potentially, help to improve them. 

These challenges will only become harder in the future and more important for the energy industry.  Now is the time to pursue new ways of thinking to solve these problems.

  

Biography:

Frank Blaskovich is Vice-President of Blaskovich Services, Inc. in Northern California.  He received his B.S. in aerospace engineering from the University of Notre Dame.  He has more than 40 years of experience in reservoir engineering and simulation, software development, environmental modeling, and policy analysis.  He has worked on energy issues around the world for the largest multi-national energy companies, government agencies and major consulting firms.  He has published numerous papers on reservoir simulation and energy policy analysis available in the SPE literature and elsewhere.  His work and research activities over the last decade have focused on developing improved energy policies that can benefit all stakeholders fairly. 

 Cost:

$25 before October 21

$30 at the door

Students $10 / $15 at door

To receive a Continuing Education Credit Certificate available for pickup at the meeting, please email Continuing Education Credit Certificate before October 20.

Location

Petroleum Club of Lafayette
111 Heymann Blvd.
Lafayette, LA 70503
United States
Registration Regular Late
Member $25.00 $30.00
Non-member/Guest $25.00 $30.00
Student $10.00 $15.00

Contact

David Boucher
1.337.856.7201
david.boucher@bakerhughes.com