- Cambridge Energy Research Associates
Cambridge Energy Research Associates, also known as CERA, is a consulting company that specializes in advising governments and private companies on
energy markets, geopolitics, industry trends, and strategy.where The company was founded in1983 byPulitzer Prize winningauthor Daniel Yergin and James Rosenfield. Comprised of experts from many fields within the energy industry, CERA was acquired by IHS Energy in 2004.CERAWeek
Some of the company's largest clients include international energy companies, energy consumers, governments, utilities, technology companies, and financial institutions. Many of them attend CERAWeek, the company's annual conference held in Houston,
Texas . Daily programs usually revolve around the topics of oil, natural gas, electric power, renewables, and technology.Past keynote speeches have been given by the energy secretaries and ministers of
Saudi Arabia ,Iraq ,Mexico ,Norway , and theUnited States . Other notable speakers have included formerUS Secretary of the Treasury Robert Rubin ,US Secretary of Energy Samuel Bodman , formerColorado Senator Gary Hart ; formerUS Secretary of Commerce Donald L. Evans ; , formerFederal Reserve Chairman Alan Greenspan ,Microsoft CEOSteve Balmer , and former Secretary General ofOPEC Rilwanu Lukman .Oil Price Predictions
Many of the predictions of future oil prices made by CERA have proved to have beeninaccurate. Neverthless, CERA and Daniel Yergin are frequently cited in oil-pricerelated news.
Peak Oil
As the controversy over
Peak Oil intensified in2006 , CERA found itself on the optimistic side of predictions, forecasting that a peak would not occur before 2020, and this would not be a "peak" but rather an undulating plateau. [http://www.usatoday.com/money/industries/energy/2005-10-16-oil-1a-cover-usat_x.htm] This opinion has been met with criticism by those who believe a peak has already occurred or is imminent. [http://www.energybulletin.net/30537.html] [http://aspocanada.ca/chris-skrebowskis-open-letter-to-cera.html] [http://www.aspo-usa.com/index.php?option=com_content&task=view&id=49&Itemid=76] [http://www.energybulletin.net/22482.html]Leadership
*
Daniel Yergin , ChairmanExternal links
* [http://www.cera.com Cambridge Energy Research Associates home page]
* [http://www.ceraweek.com CERAWeek: CERA's Annual Executive Conference]
* [http://cera.ecnext.com CERA News, Events and Reports]
* [http://www.theoildrum.com/node/3627 Reflections on historical accuracy of CERA predictions]
* [http://home.entouch.net/dmd/cera.htm The Sad Record of Daniel Yergin and Cambridge Energy Research Associates]
* [http://home.entouch.net/dmd/cera.h2.jpgGraph of prediction failures]References
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