By Thomas Guengerich

ALBUQUERQUE – New Mexico Tech’s Center for Energy Policy is hosting a special lecture about the global economic crisis and the petroleum industry at 8 a.m. Friday, Jan. 16, at the Hotel Albuquerque.

Dr. Daniel Fine is an expert in energy futures and economics with New Mexico Tech. His work supports the Center for Energy Policy. He will present his talk, “The Financial and Credit System ‘Crash’ and Its Impact on Oil Prices and Investment: What Went Wrong and the Future Fall-Out.”

The event is sponsored by New Mexico Tech and the Association of Commerce and Industry. For reservations to this free event, call Connie Johnson of ACI at (505) 842-0644. The Hotel is at 800 Rio Grande Blvd. NW.

"This is a real example of where technology and policy cross path," said Dr. Van Romero, Vice President of Research at New Mexico Tech. "A solution to our energy problems requires both technology development and close attention to policy."

Fine will focus on the circumstances that preceded the crash and the future outlook for the petroleum industry. He will examine the current and short-term business and economic situation of the oil industry, including a special review of President-elect Obama’s administration policies toward energy in the United States. Fine’s presentation will also include a discussion on renewable energy and climate change as affected by the end of the “bubble” and the meaning of “energy security” in a low-price oil world.

Romero, who will emcee the event, said New Mexico is positioned to be a leader in framing national energy policy. He said the New Mexico Tech and the Center for Energy Policy aim to be leaders in the national movement toward forming a coherent and sensible outlook on energy use and generation – both in traditional fossil fuels and alternative sources.

"Dr. Fine has been working in this area for a number of years," Romero said, "and is considered by the national media as an expert on oil and gas markets."

Fine previously presented the same talk in Hobbs to a captivated audience. He is a researcher with the New Mexico Center for Energy Policy, which was created by state legislation in 2007 and is located in Hobbs. Prior to joining the Center, Fine was a research associate at MIT and participated in Harvard Business School’s Project Energy Futures. He was also contributing editor for Engineering and Mining Journal, and a contributor on natural resources for Business Week.

– NMT –