News Release March 9, 2018


Energy-market recovery fundamentals differ from predecessors

HOUSTONEnergy markets are transitioning into a business environment shaped by fundamentally altered and increasingly connected oil and gas markets, Bob Tippee, the editor of Oil & Gas Journal, said today at the monthly roundtable luncheon of the Rice Global Engineering & Construction Forum (RGF).

“Investment and project planning must accommodate two major market trends likely to become palpable this year,” Tippee said, “the unprecedented success of supply management by OPEC and its collaborators, and the rapid growth and new flexibility of internationally traded natural gas.”

“This recovery is and will remain different from its predecessors.”

With structural changes well underway on oil and gas markets, Tippee said 2018 could prove to be a pivotal year as oil-company capital spending evolves and project planners adapt their views to fit prevailing trends.

“No one can predict oil and gas prices with useful accuracy,” Tippee said. “But oil and gas business decisions improve when decision makers at least know how prices might change and what might cause the changes.”

About Bob Tippee: Bob Tippee is editor of Oil & Gas Journal, a weekly trade magazine, and its website, Oil & Gas Journal Online. Since joining the Journal staff in 1977, he has written on all technical, economic, and political aspects of the international petroleum industry. He writes the Journal’s weekly editorials and a weekly column, The Editor Perspective. His work has won awards from American Business Media, New York Society of Business Press Editors, Association of Petroleum Writers, International Association for Energy Economics, International Association of Energy Advocates, and Houston Society for Technical Communications. He has won the Cicero Speechwriting Award three times and is the 2010 recipient of American Business Media G.D. Crain, Jr. Award honoring contributions to the development of editorial excellence in business media. Tippee became the Journal’s chief editor in January 1999. He also was Editor-in-Chief of the 1997 through 2001 editions of the Journal’s annual affiliate, International Petroleum Encyclopedia.

For more information about crude oil and natural gas markets, please contact: Bob Tippee at or by telephone at 713-963-6242.

About the Rice Global Engineering & Construction Forum: The Rice Global E&C Forum is a voluntary academic-industry organization dedicated to stimulating original thinking, discussion, and resolution of the major economic, political, strategic and technological challenges and opportunities faced by global engineering and construction companies. The RGF hosts monthly roundtable luncheons and a fall conference each year on the campus of Rice University.

For more information about the RGF, please contact: Martin Van Sickels, RGF executive director, at 281-370-0374 or; Marty Schweers, RGF Board of Directors chair, at 713-753-2221 or; or A. D. Koen, RGF media advisor, at 713-812-1623 or


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