ChBe Seminar - Supply and Demand...New Era or Repeat of an Old One?

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Perlstein Hall Auditorium, Room 1, 3110 W 33 Street, Chicago, IL 60616
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The Chemical and Biological Engineering Department will be hosting a seminar featuring Chairman of Ivanhoe Energy Inc., Carlo A. Cabrera. The topic of the seminar is Supply and Demand...New Era or Repeat of an Old One?

Abstract

Lower growth in worldwide petroleum demand, large increases in production of US petroleum and the change in the supply strategy by the world’s largest oil producer, Saudi Arabia, have unleashed free market forces that can potentially reshape global oil and gas markets and their respective trading routes for years to come. Political stability, national defense and security policy of oil and gas producing and consuming nations is likely impacted. Geopolitical stability in most major oil and gas producing regions, other than North America, are a source of great uncertainty and complexity that can seriously disrupt petroleum supply. Lack of cost effective and sustainable renewable energy technologies and the lower fossil energy prices suggest several more years of strong dependency on fossil fuels, particularly in the transportation sector. Acceleration in the commercial viability of renewable energy and storage technologies will be required to mitigate the impact of burning fossil fuels for mobility and transportation purposes. The seminar will assess the main drivers responsible for this unprecedented change, its longevity and significance, and the impact on the world’s industries, economies and wellbeing.

Biography

Carlos Cabrera is currently Chairman of Ivanhoe Energy Inc, as well as Ivanhoe Energy Latin America Inc, and Ivanhoe Energy Ecuador Inc. He previously served as the President and Chief Executive Officer at UOP LLC at Honeywell Specialty Materials, LLC from December 1, 2005 to 2009. He also served as the Founding President and Chief Executive Officer of the National Institute of Low Carbon and Clean Energy (NICE) based in Beijing, China. Mr. Cabrera earned a Bachelor of Science degree in Chemical Engineering from the University of Kentucky and an MBA from the University of Chicago.