CULLEN COLLEGE OF ENGINEERING

University of Houston Cullen College of Engineering

News

John Lee Offers Opinion on Oil Boom Lifespan in FuelFix Interview

By: 

Melanie Ziems
John Lee
John Lee

The Houston Chronicle and its FuelFix blog have once again turned to University of Houston Cullen College of Engineering faculty for expert opinions on the oil and gas industry, this time speaking with John Lee, petroleum engineering professor and Hugh Roy and Lillie Cranz Cullen Distinguished University Chair, about the federal government’s projection that U.S. oil boom activity will slow over the next two years.

The U.S. Energy Information Administration recently projected that the increase in oil production will slow by more than half a million barrels per day in 2015 for a multitude of reasons, including a decrease in demand with the influx of energy-efficient automobiles being introduced to the market.

Lee states that oil production is driven by the price of oil, meaning that how much oil companies draw from the ground will depend on how good of an investment it is to do so. He also cites political opposition to lifting the federal ban on selling crude overseas as a reason the oil boom may be coming to an end.

Read the full article here.

Faculty: 

Department: 

Related News Stories

Photos: Spring 2019 UH Engineering Commencement Ceremony

The University of Houston Cullen College of Engineering celebrated the graduation of more than 600 engineers on Thursday, May 9 at the Fertitta Center.

The proud graduates earned: 427 bachelor’s degrees, 141 master’s degrees and 45 doctorate degrees.

The keynote address was delivered by Chang Oh Turkmani, managing director at the Mega Company and a member of the Engineering Leadership Board (ELB).

Photos: 30th Annual UH Engineering Crawfish Boil Kicks off OTC

The UH Cullen College of Engineering hosted its 30th annual Offshore Industry Crawfish Boil on Sunday, May 5 at Lynn Eusan Park.

Thousands of alumni, faculty, students and industry leaders gathered to network and mingle as they enjoyed crawfish, bbq, beer, drinks and live music.

Since its inception, the annual spring event has raised over $1 million to benefit engineering scholarship and academic programs.

Upcoming Events / Seminars