EPRINC Welcomes Rafael Sandrea as a Distinguished Fellow
EPRINC is excited to announce the addition of Rafael Sandrea as a Distinguished Fellow. Rafael is President of IPC Petroleum Consultants, Inc.,a Tulsa based international petroleum consulting firm which specializes in oil and gas reserves appraisals and risk analysis for international upstream petroleum investments. He is very active giving Webinars, Masterclasses online, and speaking on the themes of reserves, IOR/EOR, shale oil and gas assessment, and global oil & gas supply, around the world.More of Rafael’s background can be found here.
ATTACHED FILES; Rafael Sandrea Bio
Emily Medina Crafts Mexico Gasoline and Diesel Market Overview
EPRINC Non-Resident Fellow Emily Medina has crafted a primer on the Mexican Gasoline and Diesel Market as part of the EPRINC Mexico Initiative.
The U.S.-Mexico-Canada Agreement (USMCA) contributes to both the strength and sustainability of the North American petroleum renaissance. North American cross-border energy trade is extensive and the movement of crude oil, refined petroleum products, and natural gas contributes to the expanding national economies in the USMCA.
An essential element to ensure efficient energy production throughout the production platform is allowing energy flows to move unimpeded. The expanding trade in petroleum products, especially gasoline and diesel, is a case in point. This trade has been beneficial to the U.S. refining industry by allowing processing facilities to operate efficiently at high volume. Mexican consumers benefit from product exports from the U.S. (and Canada) by gaining access to secure and competitively priced gasoline and diesel fuel. Some Mexican officials have raised energy security concerns arguing that Mexico is too dependent on U.S. supplies and that domestic production should be encouraged or subsidized as a substitute for imports.
Addressing energy security concerns is a complicated issue and will be the subject of a more in- depth treatment of the Mexican petroleum products market in a subsequent report. This policy brief presents an overview of the current gasoline and diesel market in Mexico.
Click here to access the paper.
ATTACHED FILES; Mexico Gas and Diesel Market Primer Medina
A Report on Resource Pessimism by EPRINC Distinguished Fellow Michael Lynch
EPRINC Distinguished Fellow Michael Lynch has penned a report on resource pessimism. A summary of the report is as follows:
The modern era has seen two major threads of neo-Malthusian thought: fears that agriculture cannot sustain the future population and concerns about possible scarcity of nonrenewable resources like minerals and energy. This has caused various governments to undertake population control policies, crash programs to develop substitute fuels, and even suggestions that exploitation of asteroids for their mineral resources might soon be necessary. The proposed Green New Deal was seen to be motivated in part by a concern for the finite nature of resources.
But the various apocalyptic predictions based on these theories have virtually all failed, although proponents insist that only their timing is in error, not the concept. This report finds that most neo-Malthusian arguments are based on an incorrect understanding of resource estimates, including the nature and terminology, leading to the use of woefully conservative figures which then generate the apocalyptic warnings. Combined with the assumption that, since technological advances can’t be predicted, technological progress should not be assumed, arguments that consumption must be curtailed and even that economic growth should cease are based on fallacious notions.
This paper argues that neo-Malthusians suffer from an underspecified model, not just bad input parameters but omitted variables that guarantee the pessimistic, and invalid, predictions.
Correcting these errors results in a much better understanding of resources and a more optimistic outlook for the global economy and hopefully less economic waste.
The report can be found here.
ATTACHED FILES; Resource Pessimism June 2019 v2
EPRINC Publication “China’s Search for Blue Skies” Highlights Growing Demand for LNG
Driven by a growing political requirement to fight air pollution, record growth has been recorded in natural gas demand in China over the past decade. China surpassed South Korea as the second largest LNG importer in 2017 and is projected to surpass Japan as the world’s largest natural gas importer in 2019. The massive scale of the Chinese energy sector matters; a small change in the Chinese natural gas demand can lead to an oversized impact on global markets. As part of EPRINC’s ongoing assessment on the future role on LNG in Asia, this publication evaluates market and policy trends placing China in a central role as the driver of world LNG demand growth. The report can be found here. A translation of the executive summary in Chinese can be found here.
ATTACHED FILES; China’s Search For Blue Skies Mandarin Version
EPRINC’s Emily Medina Presents at Wilson Center Event
On March 5, 2019, EPRINC Non-Resident Fellow Emily Medina spoke at a Wilson Center event called “The Outlook for Mexico’s Energy Sector under the AMLO Administration.” Her presentation covered Mexico’s natural gas trends, including the natural gas trade between the US and Mexico, natural gas demand in Mexico, the pace of the pipeline build-out, and the main risks and opportunities facing Mexico’s energy sector under AMLO. Emily argued that the key risks facing Mexico’s natural gas projects are: increased state control over Pemex & CFE; uncertainty over the development of oil & gas resources; potential cut in US gas imports; & natural gas supply disruptions & electricity shortages. Opportunities, she said, include a liberalized energy sector and an increased need for private sector investment and participation in energy infrastructure, particularly in storage for energy security reasons. Emily’s presentation can be found here, and for a link to the web page for the event which includes a video recap and the agenda please click here.
ATTACHED FILES; panel-2—emily-medina
AustCham’s Communicating in China Panel
On Tuesday, June 4th, Edge Consulting Group partnered in hosting AustCham’s “Communicating in China” discussion panel. The panel of four experienced professionals discussed important communication issues and solutions to think “Win-Win” while operating in China, taking several questions from the audience.
We are a small consulting company that provides consulting services for private companies and public institutions on marketing, strategy, operations and investment. We assist Chinese companies in reaching out to foreign markets by providing professional guidance in various fields such as branding, market analysis, legal ,etc. Our clients are mainly foreign-invested companies, NGOs, investment institutions, and small and medium-sized enterprises in China that are expanding overseas.
Communicating in China Panel and Aussie Drinks, Nanjing
Join us for this panel discussion featuring leaders across multiple disciplines – marketing, law, public relations, and manufacturing in China.
This event will unpick the social media environment of China, the importance of staying up to date with central government announcements, the journalism and KOL industry as key drivers of online debate, legal ramifications of miscommunication, and practical examples from operators.
The 30th International Exhibition for China’s Refrigeration
Jiangsu Huaruo Valley participates in the Shanghai Expo and provides consulting services. The 30th International Refrigeration, Air Conditioning, Heating, Ventilation and Food Freezing Processing Expo was held at the Shanghai New International Expo Center from April 09 to 11, 2019, Jiangsu Huaruo Valley Enterprise Management Consulting Co., Ltd. provides consulting and guidance services for the exhibition customers, helping customers understand the relevant industries and promote project cooperation. Our Thai employees accompanied the Thai customers at the venue and provided translation services to help Thai customers complete cooperation with Chinese company projects and contract signing.