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Fuel Diversity Adds Stability to Energy Companies

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David Lawrence worked with Shell for almost three decades, ultimately retiring from his post as executive vice president, exploration and commercial of Shell Upstream Americas in 2013. Since retiring from Shell, he has founded Lawrence Energy Group LLC, an energy investment and advisory firm pursuing a variety of global plays. David Lawrence stresses the importance of application of technology, unique insights and operational excellence as well as a diverse energy portfolio, which helps add stability to investors, energy companies, and national economies.

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Fuel Diversity Adds Stability to Energy Companies

  1. 1. David Lawrence, Shell Fuel Diversity Adds Stability to Energy Companies
  2. 2. Introduction  David Lawrence worked with Shell for almost three decades, ultimately retiring from his post as executive vice president, exploration and commercial of Shell Upstream Americas in 2013. Since retiring from Shell, he has founded Lawrence Energy Group LLC, an energy investment and advisory firm pursuing a variety of global plays. David Lawrence stresses the importance of application of technology, unique insights and operational excellence as well as a diverse energy portfolio, which helps add stability to investors, energy companies, and national economies. A benefit of diverse portfolio to energy companies centers on flexibility. Global energy markets are in a constant state of flux. If an energy company invests exclusively in only one types of play or commodity, it may gain the benefit of focus and concentration of expertise and operational knowledge but it runs the risk of decreasing in value when those energy sources dip in price. Energy companies with diverse portfolios can respond to changes in local and global markets by shifting resources away from away from one source and reallocating them to a more profitable energy type. From a consumer perspective, in the power sector this flexibility translates to more reliable electricity for homes and businesses in the United States. Stable energy also has broad effects on the economy as a whole, making fuel diversity essential in ensuring a thriving economy.

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