Amy McCaig reports that a Rice Initiative for the Study of Economics now offers a Masters degree in energy economics. The new professional masters degree is a 12-month, 40-credit-hour program designed to offer students graduate-level education that emphasizes applying economic principles to analyze and understand commercial and other influences on energy markets and effectively communicate their insights. It will provide students with a deep set of analytical skills along with practical knowledge of energy markets and will offer practical training for energy markets analysts working in government, the private sector and international organizations.
Many of these students already have substantial work experience in the energy sector and are looking to increase their knowledge and expertise of the functioning of energy selection and markets. The students have a wide variety of educational backgrounds, ranging from engineering to geology to general economics and finance. This is particularly timely for the oil and gas geologists and geophysicists who have recently become unemployed because of economics. Rice will produce graduates who will help companies and governments position themselves to deal with the uncertainties that are pervasive in the energy sector for study in Houston, the widely recognized energy capital of the world.
[In the mid-1980s to mid-1990s, a decline in the oil prices also led to major layoffs of professional personnel in the Houston area, and elsewhere in Texas, etc.. In response, The Institute of Environmental Technology was formed to cross-train oil & gas professionals to find employment in the environmental field, in industry and government. Some 450 were graduated from this 4-month program, many of which found employment.]
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