DALLAS--(BUSINESS WIRE)--Chris Faulkner, CEO and Chairman of Breitling Energy (OTCBB: BECC) is participating in a luncheon panel in Houston Thursday discussing OPEC, oil prices and the global impact of OPEC’s fluctuating oil production quota.
The event is hosted by the World Affairs Council of Houston, an organization founded to promote American’s understanding of international affairs. Houston’s local economy is being impacted by decisions made over the last nine months by OPEC, and Saudi Arabia in particular. Faulkner is expected to correlate the November 2011 OPEC decision to fix production at 30.37 million barrels per day with their 2014/15 refusal to reduce that number in light of decreasing world supplies and plunging prices.
“When OPEC’s Secretary General says he thinks oil has hit a bottom, then in the next sentence says what is happening could create a price boomerang to upwards of $200 per barrel oil, that is certainly worth investigating in a discussion on this level,” Faulkner said.
The panel will be moderated by James B. Adams, a retired ExxonMobil executive who spent 20 years working abroad, with 14 years in the Middle East. Most recently, Adams was ExxonMobil’s Lead Country Manager in Iraq, and previously President of ExxonMobil Iraq Limited.
Also participating is Pradeep Anand, President of Seeta Resources. With over 30 years in the oil and gas industry, Anand is a highly sought strategist especially pertaining to market forces and developing competitive strategies to adjust to changing sector dimensions.
The event begins at 11:30 February 26 at the Petroleum Club in Downtown Houston.
ABOUT BREITLING ENERGY CORPORATION
Breitling Energy Corporation is a growing U.S. energy company based in Dallas, Texas engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The Company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating working interests and royalty interests. Breitling Energy’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas and Northern Oklahoma, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.