Can Technology Maintain Profitability Regardless of Commodity Price?

Leading the 2007 season is the uncensored, unconventional debate on the direction of technology in the energy industry. "This is a topic you cannot afford to ignore," declares Richard Loomis, President of World Energy Television. The risk of emerging technology investment follows every energy company. A company investing too much in an unproven venture could lose it all, while a company investing too little gets left behind. Joining host Roger Smith to discuss and debate technology leadership and how to maintain profitability are World Energy Television guests John Gibson (Paradigm), Sekhar Venkat (IDC Energy Insights), David Johnson (Protiviti), Tom Halbouty (Pioneer Natural Resources), Mario Rivas (AMD), Matthew Simmons (Simmons & Company International) and Tim Parker (Dominion).

"The IT area is rich for investment to actually come in and junk all of our energy data – just throw it away as worthless, misleading, useless material and create for the first time real, solid, audited energy data so we can create a blueprint for where the hell we’re going."
Matt Simmons, Simmons & Company International

"Considering the 6 trillion barrels of heavy oil that have yet to be recovered, we have to understand more about the reservoir characteristics because it’s so poorly understood."
Sekhar Venkat, IDC Energy Insights

"If you pour a billion dollars into a research program with no idea, it just goes down the hole and it's gone."
Matt Simmons, Simmons & Company International