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A New Frontier: Energy and Initial Coin Offerings (ICOs) [Gaille Energy Blog Issue 68]

This is a guest blog authored by William Brumfield, an Associate at GAILLE PLLC. Will was a Cafaro Scholar at The University of Chicago Law School, where he earned his Doctor of Law Degree.  He received his Bachelor of Arts degree... Continue Reading →

Time & Patience: Napoleon’s (Hard) Lesson for Negotiators [Gaille Energy Blog Issue 67]

“The strongest of all warriors are these two — Time and Patience.” – Leo Tolstoy, War and Peace Even if both parties must conclude a deal, we must consider the question of Time—by when does each need to reach agreement.... Continue Reading →

LNG vs. Pipeline Economics [Gaille Energy Blog Issue 66]

This is a guest blog authored by Ankur Shah, one of my students at Rice University's Graduate School of Business.   Royal Dutch Shell says the world could be grappling with a shortage of liquefied natural gas within a decade... Continue Reading →

Does Your Negotiating Style Resemble a Fox or Hedgehog? [Gaille Energy Blog Issue 65]

“The fox knows many things, but the hedgehog knows one big thing.” – Archilochus of Paros, 7th Century, B.C. Courses at Yale, Oxford, and the United States Naval War College have used the aphorism of the fox versus the hedgehog... Continue Reading →

How Will Blockchain Technology Be Adopted by the Energy Industry? [Gaille Energy Blog Issue 64]

The headlines may be filled with stories about Bitcoin and other cryptocurrencies—but it’s the underlying innovation called Blockchain (rather than cryptocurrencies themselves) that is poised to impact the energy industry: "Blockchain is a special technology for peer-to-peer transaction platforms that... Continue Reading →

Venezuela’s Oil Production Crash: Another Sad Chapter of Socialism [Gaille Energy Blog Issue 63]

When I last visited the Venezuelan cities of Caracas and Puerto La Cruz in 2007, Hugo Chavez was sowing the seeds of the nation’s economic destruction: “Venezuela demanded changes to the agreements made by international oil companies that would give... Continue Reading →

Shale vs. Deepwater Exploration Part II: The Risks [Gaille Energy Blog Issue 62]

Last week’s issue on Shale vs. Deepwater Returns [Issue 61] featured the below figure from Hess Corporation: Several readers questioned to what extent the figure’s economics reflected different risks, including the chance of success (during exploration) and political risk.  This... Continue Reading →

Shale vs. Deepwater Exploration Rates of Return [Gaille Energy Blog Issue 61]

Last week, the Trump Administration announced that it would open new areas of the United States coast to deepwater exploration: In a striking about-face, the Interior Department announced yesterday that it wants to allow drilling in nearly all U.S. waters,... Continue Reading →

Gaddafi’s Violent Legacy Continues to Haunt Libya’s Energy Industry [Gaille Energy Blog Issue 60]

More than six years after Muammar Gaddafi’s death, the violence in Libya continues. Attackers bombed a major Libyan pipeline, reducing the nation’s production by ~100,000 barrels per day: “Libya is rife with rival militias and armed groups, some in competition... Continue Reading →

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