In this episode, Dean Foreman, Chief Economist of the American Petroleum Institute, offers perspective on the U.S. energy picture and its implications for U.S. manufacturing. After discussing the changing economics of energy, Dr. Foreman delves into longer-term issues such as energy-related research and development and alternative energy sources. The episode concludes with discussions of the impact of automation on manufacturing energy and smart energy practices for manufacturing companies.
Dr. Dean Foreman is Chief Economist for the American Petroleum Institute. He earned his Ph.D. in economics from the University of Florida and brings more than 20 years of industry experience in corporate strategic planning, forecasting, risk management, and finance.
Before joining API, Dr. Foreman was the lead economist for ExxonMobil Corporate Planning between 2002 and 2008. From 2009 to 2013, he was a member of the executive team at Canadian-based exploration and production company Talisman Energy, where he focused on corporate planning, hedging/marketing, and business development.
In 2013 to 2015, he directed the risk management function in North America for South African energy and petrochemical conglomerate Sasol, where he helped drive business cases for $25 billion in U.S. mega projects, including the $11 billion ethane cracker and derivatives complex in Lake Charles, Louisiana.
Most recently, he was with Saudi Aramco Strategy & Market Analysis in Dhahran, where he managed short-term market monitoring and the long-term oil demand outlook.