Education
- Ed.D., Maryville University
- MBA, Robert Gordon University
- BS, The State University of New York
Media Mentions
There are so many different crude oils and prices — WTI, Brent, OPEC, Mexican, Indian.
“There’s OPEC selling price, you’ve got Mexico, Indian…” according to Tom Seng, a
professor of energy finance at Texas Christian University. There’s even a crude price
called Mars. “Mars is actually an offshore platform in the Gulf of Mexico,” Seng explains.
Crude oil traffic through the key Strait of Hormuz has plunged, and Iran has refused
to reopen the waterway. “Everything points to the Iran war and the Strait of Hormuz,”
said Tom Seng, a professor of energy finance at Texas Christian University.
“You’re going to do everything you can to keep that refinery running,” said Tom Seng,
a professor of energy finance at Texas Christian University. “We’re not talking band-aids.
You’re going to do the required maintenance at a minimum.”
Outfits such as Exxon and Chevron, which not only extract oil and gas but also own
refineries, are in the best position to profit from the current market conditions,
said Tom Seng, assistant professor of energy finance at Texas Christian University.
Whether intentional or not, these stores are tapping into the nostalgia associated
with the traditional family road trip adventure by providing a stop that is more than
just gas-and-go with questionable restrooms, says Tom Seng, professor of professional
practice at Texas Christian University.
“The key is the Strait of Hormuz,” Tom Seng, a professor of energy finance at Texas
Christian University, told ABC News. “There’s the perception that there are millions
of barrels of crude sitting in tankers upstream of the strait."
“Every single day that this conflict continues with the Strait closed, the situation's
just getting worse and worse and worse,” said Tom Seng, a professor of energy finance
at Texas Christian University’s Neely School of Business.
Tom Seng, an assistant professor of professional practice in energy finance at Texas
Christian University.
Logistical challenges and market forces create a lag time in the release of reserve
oil, meaning the move cannot address an immediate supply shock such as the shipping
concerns in the Strait of Hormuz, Tom Seng, a professor of energy finance at Texas
Christian University, told ABC News.
The reserve was designed for the situation we're in, Tom Seng, an energy finance professor
at Texas Christian University, tells Axios. "We would hope that in the planning of
this attack on Iran, that they had a full-blown picture of the ramifications," Seng
says.
The show has brought new attention to the profession, but Dr. Tom Seng, an assistant
professor of professional practice and energy finance, said it also exaggerates the
job for dramatic effect.
