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GRADUATE STUDENT SEMINARS • •
• [DIVISION OF ECONOMICS AND BUSINESS]
Fall 2008
Date: November 13
Topic: PETROBRAS and the Brazilian Upstream Sector
Time/Place: 4:00 p.m., EH 211
About the Seminar: Until 1997, the upstream activities in Brazil had been conducted by a state-owned company, PETROBRAS, when a new regulation for the petroleum sector was approved ending a 42-year monopoly of oil and gas exploration and production. Since 1998, the Brazilian regulatory agency has been auctioning acreage for petroleum exploration rights. This model is attracting the investments of foreigner and small domestic oil companies, as well as the positive results achieved in the last 10 years proves the new system efficiency.
About the Speaker: Monica Rebelo Rodriguez is a Visiting Scholar at the Economics and Business Division. Since 2006 she has been taking her PhD in Petroleum Sciences at Campinas State University -SP, Brazil, the same university as she took her MSc in Petroleum Geology and Engineering in 1993. Both studies were sponsored by PETROBRAS – the Brazilian Petroleum Company she works for since 1987.
Date: Thursday, October 30, 2008
Topic: Commodity "Bubbles", the Credit Crisis & Sovereign Risk: A view on
global economics and finance from the extractive industry
Time/Place: 4:00-5:15, EH 211
Abstract: Global companies in the extractive industries are highly
vulnerable to global industrial cycles, the ebbs and flows of international
finance, and the changing moods from Washington to Brussels, or in Moscow,
Kinshasa or Beijing. This presentation will attempt to highlight the
related trends in commodity prices with international flows of capital and
financial liquidity, as well as the changing nature of global economics,
international trade, and resource nationalism. While broad sweeping over
complex macro topics, the purpose is to highlight the need for resource
companies to stay ahead of the changing trends in capital flows, industrial
cycles, and changing political risk environments.
And arguably, commodity prices are not the ones waiting for an outcome in
the credit crisis, but the credit crisis is waiting for an outcome in
resource nationalism trends and their effects on the direction of commodity
prices!
About the Speaker: Josh Crumb is a Senior Business Analyst for Lundin
Mining, a global base metals mining company headquartered in Canada, and
part of a broad group of mining and oil & gas companies chaired by
Swedish-Canadian resource tycoon Lukas Lundin. Josh is an alumnus of
Colorado School of Mines, obtaining an MSc in Mineral Economics in 2003, a
graduate certificate in International Political Economy, and an BSc. in
Civil Engineering. Josh has been with the Lundin Group of Companies since
2005, working for Lukas Lundin in identifying and valuing global
opportunities in the extractive resource sector.
Date: September 18
Topic: Measuring Super Cycles in Minor Metals
Time/Place: 4:00 p.m, EH 211
About the Seminar: During the past five years, industry analysts have proclaimed that metal prices are in the early phase of a ‘super cycle,’ driven primarily by Chinese industrial expansion. Academic economists have generally been very skeptical about the presence of long cycles. A time-series econometric analysis by Cuddington and Jerrett (2008), however, has used band-pass filtering techniques to isolate super cycles in the prices of six metals traded on the London Metal Exchange (the ‘LME6’). This analysis extends the search for super-cycle behavior to lesser known “minor” metals with characteristics unlike base metals and bulk commodities. There is evidence of super-cycle behavior in minor metals, especially towards the latter half of the 1900s.
About the Speaker: Daniel Jerrett is a 4th year PhD candidate in the Mineral Economics program. His research interests focus primarily on commodity price behavior where his concentration has been primarily measuring and modeling commodity price cycles (Both long-term and business cycles). His other research interests include financial time series applications toward commodity prices. Daniel has worked in the investment industry in both research and trading capacities.
Date: September 17
Topic: Natural Resource Economics
Time/Place: 12:30 - 1:45, EH 211
Seminar Title: A Scheme for Lease Estimation in Competitive Bidding
Speaker: Professor Saul Suslick, Inst. of Geosciences, Univ. of Campinas, Brazil
Date: September 11
Topic: The Norwegian and Nordic Electricity Market: Market Design and Development
Time/Place: 4:00 p.m, EH 211
About the Seminar: The Norwegian electricity market was liberalized in 1991, and the other Nordic countries deregulated the following years. The deregulation put capacity investments on hold, improved the utilization of the existing resources and gave consumers choice. Hydropower accounts for 95 percent of Norway’s electricity generation. Several very dry periods have challenged the market and raised prices considerably. Until now the market has passed the tests, but there are still improvements to be done.
About the Speaker: Tor Arnt Johnsen is Visiting Scholar at the Economics and Business department. He holds a PhD in Economics from the University of Oslo. From 1988 to 2002, he worked in the Research Department, Statistics Norway. Since 2002, he works for the Norwegian Water Resources and Energy Directorate which is the energy market regulator in Norway. He has a part-time position at the Norwegian School of Management BI.
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