Blu Putnam
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Rapidly expanding production of oil and natural gas from shales in the US, Canada and Mexico have the potential to allow the continent to declare virtual “energy independence” and thereby alter the global politics of energy, CME Group Managing Director and Chief Economist Blu Putnam told Breaking Energy in this video interview.
This interview is the final in a series of four, for the earlier videos on the economic outlook, handling big data and the outlook for energy infrastructure, click here. Keep reading →
“Why can’t we just…” is often the question energy industry leaders face when dealing with questions about the current state of the energy business. “Why can’t we just build all renewable energy?” or “Why can’t we just switch over to electric vehicles?”
The answer is usually – at least in large part – infrastructure. Keep reading →
How do you get a weak signal from noisy data? That’s the question Blu Putnam, Managing Director and Chief Economist at exchange operator CME Group says will dominate the future of data analysis.
At a time when everyone is suffering from information overload, everyone also has a choice to make about how they handle and analyze the data they work with and often live by. While Putnam takes a ‘Bayesian’ approach (learn more about that here), others are trusting in everything from aggressive data mining to narrowing down data needs to suit desired outcomes (learn more about a wind energy startup based on that premise here). Keep reading →
The floor of the New York Mercantile Exchange in lower Manhattan is one of the rare places the complex interplay between the ‘real’ economy of infrastructure and goods and the financial economy of data sets and dizzying amounts of money can be seen in action.
In an increasingly computerized trading world, floor traders at Nymex, since 2008 part of the globe-spanning exchange powerhouse CME Group, are an increasingly rare breed involved in an increasingly unusual occupation. But for pure dramatic representation of the financial economy at work, nothing conveys the reach and reality of the trading universe like a busy pit moving contracts in real commodities. Keep reading →
Former Big Oil Executive Expects Importance of Oil to Decline (And That’s Not All)
By Jared Anderson
China’s growing thirst for oil will leave the rest of the world scrambling for supply, oil could soon face a competitor it never expected and the US has no free market for energy. These are just a few of the provocative ideas former Shell Oil President John Hofmeister shared at a recent New York Energy Forum meeting.
Upon retiring from Shell Oil – the US subsidiary of Royal Dutch Shell – in 2008, Hofmeister founded the non-profit nationwide membership association Citizens for Affordable Energy. The group is dedicated to promoting sound US energy security solutions that include a range of affordable energy supplies, efficiency improvements, essential infrastructure, sustainable environmental policies and public energy issue education. Keep reading →
The upcoming World Energy Leadership Summit in Istanbul will be a good forum to “test the waters” on how global markets view competition in the energy sector, according to CME Group Chief Economist Blu Putnam.
Turkey is a good crossroads to discuss the future of cheaper, cleaner and more efficient energy development in the developing world even as growth challenges and policy limit the expansion of energy infrastructure in many developed countries, Putnam said in a recent interview with Breaking Energy. Keep reading →
