Kumar and Arbogast Interviewed for Documentary on Energy

Published on May 15, 2008
Finance department chair Praveen Kumar said rising energy costs are beneficial to Houston because a large number of the workforce is in the industry, but the lack of a widely used mass transit system make high gas prices a burden for consumers.

Finance department chair Praveen Kumar said rising energy costs are beneficial to Houston because a large number of the workforce is in the industry, but the lack of a widely used mass transit system make high gas prices a burden for consumers.

When the time came for Houston PBS producers to look for experts in the energy industry to discuss oil and the environment for an upcoming documentary, they had to look no further than their own backyard – the University of Houston’s C. T. Bauer College of Business.

In June, producers interviewed both Dr. Praveen Kumar, chair of the Finance Department at Bauer College and executive director of the UH Global Energy Management Institute, and Stephen Arbogast, an executive professor of finance and energy industry veteran.

Kumar and Arbogast, who both agreed that the cost of crude oil was the most obvious cost of price increase at the pump, acknowledged both the consumer and producer points of view and tried to offer solutions for something they both said may be a challenge that is here to stay.

“If oil prices continue to climb up to $ 4 a gallon, it’s going to make it very difficult for people in Houston to do day-to-day activities,” Kumar said. “We need to change our demand patterns.”

Executive finance professor Stephen Arbogast offered his insight on some aspects of the energy issue that aren’t discussed often in mainstream media

Executive finance professor Stephen Arbogast offered his insight on some aspects of the energy issue that aren’t discussed often in mainstream media

The professors were selected to be featured in the documentary for their expertise in finance and how the oil industry affects the economy. Before joining the Bauer College faculty, Arbogast spent more than 30 years in the industry. Producers said the documentary will air on Houston PBS by fall 2008.

By Hannah Eastham

About the University of Houston

The University of Houston, Texas’ premier metropolitan research and teaching institution, is home to more than 40 research centers and institutes and sponsors more than 300 partnerships with corporate, civic and governmental entities. UH, the most diverse research university in the country, stands at the forefront of education, research and service with more than 35,000 students.

About the Bauer College of Business

The C.T. Bauer College of Business has been in operation for more than 60 years at the University of Houston main campus. Through its five academic departments, the college offers a full-range of undergraduate, masters and doctoral degrees in business. The Bauer College is fully accredited by the AACSB International – the Association to Advance Collegiate Schools of Business. In August 2000, Houston business leader and philanthropist Charles T. (Ted) Bauer endowed the College of Business with a $40 million gift. In recognition of his generosity, the college was renamed the C.T. Bauer College of Business.