Rice Expert Alert: Baker Institute’s Medlock available to discuss natural gas price surge

By Newsroom America Feeds at 9 Jan 2018

https://us.vocuspr.com/Publish/523718/vcsPRAsset_523718_85120_3c9695eb-03fb-4f99-a31c-8fee35dce79e_0.jpg Rice University Office of Public Affairs / News & Media Relations

EXPERT ALERT

David Ruth 713-348-6327 david@rice.edu

Jeff Falk 713-348-6775 jfalk@rice.edu

Baker Institute’s Medlock available to discuss natural gas price surge

HOUSTON – (Jan. 9, 2018) – Natural gas surged to 60 times the going rate (https://www.bloomberg.com/news/articles/2018-01-04/natural-gas-in-u-s-soars-to-world-s-priciest-as-snow-slams-east) in the U.S. Northeast last week as the historic “bomb cyclone” unleashed blizzard conditions and drove demand for the furnace fuel across the region. The cyclone also led to a jump (https://www.nytimes.com/2018/01/03/business/heating-homeowners-winter.html?_r=0) in heating oil use to heat homes and fuel oil use in the power sector.

http://news.rice.edu/files/2018/01/0109_MEDLOCK-1mkhd34.jpgKenneth Medlock (http://bakerinstitute.org/experts/kenneth-b-medlock-iii) , senior director of the Center for Energy Studies at Rice University’s Baker Institute for Public Policy, is available to discuss natural-gas pricing dynamics, the role of the nation’s pipeline infrastructure and the response of the power sector in the Northeast.

"Cold weather drives demand for natural gas,” Medlock said. “The lack of sufficient natural gas delivery capacity in the Northeast drove up the price of natural gas delivered to power plants, businesses and homeowners in that region."

Medlock is the James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics at the Baker Institute. He is a principal in the development of the Rice World Natural Gas Trade Model, which is aimed at assessing the future of international natural gas trade. He has published numerous scholarly articles about his primary areas of interest: natural gas markets, energy commodity price relationships, gasoline markets, transportation, national oil company behavior, economic development and energy demand, and energy use and the environment.

Medlock is also the director of the Masters of Energy Economics program at Rice, holds adjunct professor appointments in the university’s Departments of Economics and Civil and Environmental Engineering and is the chair of the faculty advisory board for Rice’s Energy and Environment Initiative. He teaches advanced courses in energy economics and supervises Ph.D. students in the energy economics field.

To schedule an interview with Medlock, contact Jeff Falk, associate director of national media relations at Rice, at jfalk@rice.edu (mailto:jfalk@rice.edu) or 713-348-6775. The Baker Institute has a radio and television studio available.

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Related materials:

Medlock bio: http://bakerinstitute.org/experts/kenneth-b-medlock-iii.

Follow the Baker Institute via Twitter @BakerInstitute (http://twitter.com/BakerInstitute) .

Follow the Center for Energy Studies via Twitter @CES_Baker_Inst (http://twitter.com/CES_Baker_Inst) .

Follow Rice News and Media Relations via Twitter @RiceUNews (http://twitter.com/riceunews) .

Photo credit: 123RF.com/Rice University.

Founded in 1993, Rice University’s Baker Institute ranks among the top five university-affiliated think tanks in the world. As a premier nonpartisan think tank, the institute conducts research on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy. The institute’s strong track record of achievement reflects the work of its endowed fellows, Rice University faculty scholars and staff, coupled with its outreach to the Rice student body through fellow-taught classes — including a public policy course — and student leadership and internship programs. Learn more about the institute at www.bakerinstitute.org (http://www.bakerinstitute.org/) or on the institute’s blog, http://blogs.chron.com/bakerblog.

Located on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nation’s top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 3,879 undergraduates and 2,861 graduate students, Rice’s undergraduate student-to-faculty ratio is 6-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice is ranked No. 1 for quality of life and for lots of race/class interaction and No. 2 for happiest students by the Princeton Review. Rice is also rated as a best value among private universities by Kiplinger’s Personal Finance. To read “What they’re saying about Rice,” go to http://tinyurl.com/RiceUniversityoverview.

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