From fumes to neural networks: Moving beyond the limits of conventional forecasting
Energy & Natural Resources Research & Analysis From fumes to neural networks: Moving beyond the limits of conventional forecasting 24 February...
Mr. Burkhard is vice president and head of crude oil market and energy and mobility research. He is responsible for the development and coordination of IHS Markit insights and messages for global and regional oil markets and scenarios. His expertise covers geopolitics, industry dynamics, and global oil demand and supply trends. He has more than 20 years of experience in energy markets. He also leads research into how changes in the automotive ecosystem are impacting the future of the energy and automotive industries. He led the ground-breaking IHS Markit study, Reinventing the Wheel (RTW): The future of cars, oil, chemicals, and electric power. RTW has been cited by numerous press outlets around the world including the Wall Street Journal, the Financial Times, CNBC, Bloomberg, and media outlets in China, Europe, and India.
Mr. Burkhard has led the development of each generation of IHS Markit scenarios that bring together the entirety of IHS Markit energy research to form an integrated global outlook for the future of energy. The 2006 scenarios pointed to a major debt-induced global crisis two years before the 2008 recession; and in 2011, identified the roadmap to $50 oil by 2014/15. Also, in early 2020, his team was the first to identify the scale of production cuts that would materialize in the US and OPEC+ members in the second quarter of the year.
Mr. Burkhard has testified before the US Congress on energy issues and is frequently sought for comment by global media. He has participated in several US National Petroleum Council (NPC) studies that provide policy recommendations to the US Secretary of Energy on oil and gas issues. Prior to joining Cambridge Energy Research Associates before its acquisition by IHS Markit, Mr. Burkhard was a member of the US Peace Corps in Niger, West Africa, where he directed infrastructure projects to improve water availability and credit facilities. He holds a BA from Hamline University and an MS from the School of Foreign Service at Georgetown University.
COVID has been referred to as an "accelerator", immediately putting people and entire industries face-to-face with trends that otherwise would have taken 5 to 10 years to emerge fully.
NGL/ LPG markets move back toward normal - whatever that is…