Philip K. Verleger, Jr. is the David Mitchell - Encana Professor of Strategy and International Management at the Haskayne School of Business at the University of Calgary. The author of two important academic studies on petroleum markets, Adjusting to Volatile Oil Prices (Washington, DC: Institute for International Economics, 1994) and Oil Markets in Turmoil (Cambridge, MA: Ballinger Publishing, 1982). Dr. Verleger has correctly anticipated most of the major structural changes that have occurred in the oil industry over the last 25 years. Dr. Verleger received his PhD from MIT. He has taught at the University of California and Yale University. He has also held senior positions at the US Treasury and the president's Council of Economic Advisers. He is now owner of his own consulting firm, PKVerleger LLC. Dr. Verleger was the first economist to fully comprehend and explain the evolution of energy commodity markets. His 1986 paper, “The Evolution of Oil as a Commodity” in Richard L. Gordon, Henry D. Jacoby, and Martin B. Zimmerman (eds.), Energy Markets and Regulation (Cambridge, MA: MIT Press, 1987), correctly described the institutional changes that caused energy commodity markets to emerge. Dr. Verleger has since chronicled the appearance and development of energy commodity markets in his monthly report, The Petroleum Economics Monthly. Over 25 years, this report has examined many developments and anticipated the outcomes of a number of market manipulation strategies, including Metalgesellschaft’s disastrous trading program in 1992. More recently, Dr. Verleger was one of the first to examine and again correctly predict the impact of outside investment in commodities. Dr. Verleger’s investigations have influenced developments in oil markets. His research in 1998 contributed to Saudi Arabia’s adoption of a new market strategy in March 1999. Dr. Verleger correctly predicted in April 1999 that the strategy would take crude oil prices to the mid to high 20s, a prediction that differed drastically from conventional views, which held that the Saudi effort to boost prices would fail. In August 2004, Dr. Verleger warned that U.S. environmental regulations would, by limiting the availability of key petroleum products, cause crude oil prices to rise to $60 per barrel (see “Why Oil Could Go to $60,” The International Economy, Fall 2004). He later wrote that the squeeze on product supply combined with the absence of central bank concern could take crude prices to $100 (see “Hundred Dollar Oil, Five Percent Inflation, and the Coming Recession,” The International Economy, Winter 2006). Dr. Verleger received his Ph.D. in Economics from MIT in 1971, where he specialized in econometrics. He is the author of numerous academic papers in economics on energy markets. He began his work on energy as a consultant to the Ford Foundation Energy Policy Project in 1972. He then served as a Senior Staff Economist on President Ford’s Council of Economic Advisers and Director of the Office of Energy Policy at the U.S. Treasury in President Carter’s administration. He was the key author of the economic study that supported the end of U.S. controls on crude prices in the Carter administration. Titles Petroleum-related presentations Topics Celebrity, Environment, Business, Future, Financial Click topic above to see more speakers on that topic Speaker's Asking Fee Range $15,000 or more Click on fee range to see more speakers. This is the starting keynote fee range - other programs may be higher. State CO Click on state above to see more speakers from that state. Fees The fee range quoted means the speaker's fee starts somewhere within that range. Note that speaker's fees are subject to change and some speakers may have special fee quotes.