The following is from the June 18, 2008, edition of The Earth Times. Expertise for this story was provided by Bruce Bullock, director of SMU's Maguire Energy Institute, and Frank Lloyd, associate dean of Executive Education in SMU's Cox School of Business.

Institutional Investors Remain Bullish on Energy

DALLAS, TX -- 06/18/08 -- A poll of institutional investors attending the SMU Cox Executive Education Oil & Gas Investing seminar last week revealed that the majority of those responding continue to see upside potential in the energy market. In fact, more than half (55 percent) expected to increase or significantly increase their oil and gas holdings in the next 12 months...

"Until you actually see first hand what it takes to find, produce, process and deliver oil and natural gas products, it's almost impossible to understand the colossal risks and rewards this industry represents," said Bruce Bullock, director of SMU's Maguire Energy Institute and former oil industry executive. "Mix in the environmental, political, technological and cultural challenges of global petroleum, and you have a very complex landscape for investors to navigate. There's no substitute for hearing from industry pros who have spent literally lifetimes getting prepared for today's critical and highly dynamic oil and gas marketplace."

Speakers at this year's conference included notables from the oil and gas media, investment and corporate ranks, all focused on educating those in attendance about oil and gas industry segments and investment decision making.

David Miller, partner for EnCap Investments L.P., a major sponsor of the two-day program hosted at SMU's James M. Collins Executive Education Center said, "Institutional interest in oil and gas investment has grown rapidly over the past decade. EnCap is very pleased to support an event that provides those investors a comprehensive overview of the industry, as well as keen insight on how to develop a successful investment strategy in the space."

A common theme among presenters was the importance of selecting companies led by experienced management teams with proven track records of success.

"Leadership is of utmost importance in any industry," said Dr. Frank Lloyd, associate dean of Executive Education, Cox School of Business. "Nowhere is this more true than in today's global petroleum industry. It is only with capable leaders in place that companies can hope to navigate the turbulent waters of price volatility, shifting alliances and ownership, skilled talent shortages, supply and demand uncertainties and political risk. This year's Oil & Gas Investing program confirmed for me just how critical leadership development is for the future of the world's energy supply."

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