Economy, Shales Key In Price Outlook

Authored By

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  Kevin Petak

  Vice PresidentICF International

  Kevin Petak, an expert in gas market modeling, has over 26 years of experience in the energy industry. He has directed numerous energy market analyses to support strategic planning needs at energy companies. The analyses have investigated the impact of gas production, gas storage, liquefied natural gas (LNG) imports, and pipeline expansions on gas prices, the effect of weather and oil prices on gas markets, and the impact of carbon control strategies on gas markets. They have been widely used to support facilities/fuels/contracts management and planning, mergers and acquisitions, investment decisions, risk management, and hedge strategies.

  Mr. Petak has directed gas market modeling work for the National Petroleum Council, America’s Natural Gas Alliance, the American Gas Foundation, and the Interstate Natural Gas Association of America. Much of Mr. Petak’s work focuses on projecting market growth and prices for the North American natural gas market by using ICF’s Gas Market Model, a comprehensive gas modeling system that he developed. The ICF model is also the primary tool used for ICF’s gas market subscription services, which Mr. Petak manages. In the past few years, Mr. Petak has completed a number of studies that have investigated the impacts of different regulations on natural gas use and prices. In addition, studies have focused on the amount of natural gas infrastructure that is necessary under different scenarios. Mr. Petak has a M.S. in Business from the University of Texas at Dallas and a B.S. in Petroleum and Natural Gas Engineering from the Pennsylvania State University.

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  Bruce Henning

  Vice PresidentICF International

  Bruce Henning brings 31 years of experience as a natural gas and energy economics professional to ICF. Mr. Henning has testified before the U.S. Senate Committee on Energy and Natural Resources on the relationship between gas and electric markets in California, and the U.S. Senate Committee on Governmental Affairs on the impact of the Enron bankruptcy on electricity and gas markets, as well as the Federal Energy Regulatory Commission (FERC) and the Canadian National Energy Board.

  Mr. Henning was the principal author of Natural Gas and Energy Price Volatility, prepared for the Oak Ridge National Laboratory. In addition, he and his colleagues authored the series of analyses of gas industry infrastructure requirements performed for the Interstate Natural Gas Association of America (INGAA) Foundation. Mr. Henning also served as the Chief Economist for the American Gas Association (AGA). He received his B.S. in Economics at the Massachusetts Institute of Technology.