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Monthly Meeting - "Climate Change, Peak Demand and the Challenge for the Oil and Gas Industry" presented by Ray Leonard

The Petroleum Club of Shreveport, 15th floor
Cost: $20, Children 10 and under $8

We encourage members to invite guests, spouses, and friends to any of our meetings.

If you’d like a seat, kindly use the form below to make your reservation by the preceding Friday.

 Ray Leonard

Ray Leonard

Biography

Ray Leonard was born in New York and received a Bachelor of Science in Geology from the University of Arizona and a Master of Arts in Geology from the University of Texas at Austin. He is currently President of Anglo Eurasia, a consulting firm for the Oil and Gas Industry. He has held executive positions with Amoco, FIOC, the Russian Oil Major YUKOS, the Hungarian National Oil Company MOL, the Kuwait Energy Company and was most recently Chief Executive Officer of Hyperdynamics, an independent oil company exploring for oil and gas in West Africa.

He has been recognized for his technical excellence by the American Association of Petroleum Geologists being named a Distinguished Lecturer in the Field of Geochmistry and by numerous professional publications including diversuse subjects such as the Origin of Overpressure, geology of Offshore Trinidad, the North Sea, East Siberia and Russian oil reserves.

He has been active in the debate regarding world oil and gas reserves for many years, presenting and publishing at forums such as Council on Foreign Relations (1994 and 2014), Center for Strategic Studies (2001), International Energy Agency (2003), the AAPG Hedberg Conference (2006), Aspen Forum (2008), Emirate Center for Strategic Studies (2013) and 26th World Gas Conference (2015).

 

 

Abstract

“Climate Change, Peak Demand and the
Challenge for the Oil and Gas Industry”

Ray Leonard, Anglo Eurasia LLC
Art Berman, Labyrinth Consulting Services

During the past 150 years, the oil and gas industry has faced and adapted to a wide range of challenges; war, depression, periods of extreme surplus and scarcity, scientific breakthroughs and advances in technology. Now, however, it faces the greatest challenge; how to deal with a changing climate caused in large part by the emission of CO2 due to the burning of hydrocarbon fuels.

The current atmospheric concentration of CO2 is at 411 ppm, rising at 2.7-3 ppm/year and by 2050 will be at a level not seen in the past 30 million years. The polar regions are warming at approximately twice the rate of the overall temperature rise. The north polar region has lost 70% of its late summer ice mass since 1980 and will likely be ice free in late summer months within 20 years, altering the climate in the northern hemisphere in ways that we are only now beginning to experience and understand. A realistic objective at this point is to formulate a plan that will limit the ultimate CO2 level below 700 ppm, limit overall world temperature increase to below 3.2 deg. C and avoid the eventual melting of Antarctic ice sheet, which would cause catastrophic sea level rise.

Read the full abstract in the September 2018 Shreveport Geological Society Newsletter.

Earlier Event: September 7
25th Annual ALTAPL/SGS Golf Tournament