About: Philip K. Verleger
Dr. Philip K. Verleger, Jr. is owner and president of PKVerleger LLC, an independent consulting firm. Dr. Verleger’s research focuses primarily on the function and structure of energy commodity markets. His studies also encompass the changing relationship between the energy and economic sectors.
Dr. Verleger earned his Ph.D. in Economics from MIT in 1971. He began his work in energy as a consultant to the Ford Foundation Energy Policy Project in 1972. He then served as a Senior Staff Economist on President Ford’s Council of Economic Advisers and as Director of the Office of Energy Policy at the US Treasury in President Carter’s administration. He later served as a Senior Research Scholar and Lecturer at Yale University’s School of Organization and Management and as a Vice President in Drexel Burnham Lambert’s Commodities Division. Dr. Verleger was a Senior Fellow and then Visiting Fellow at the Peterson Institute for International Economics from 1986 until 2012. From 2008 to 2010, he served as the David E. Mitchell/EnCana Professor of Management at the UniversityofCalgary’s Haskayne School of Business.
During his career, Dr. Verleger has predicted many of the major structural changes in the energy sector. In 1986, he was the first economist to comprehend and explain the appearance and development of energy commodity markets. This analysis led to his prediction of the oil price collapse that year. Dr. Verleger has chronicled the evolution of these markets since then and been a leading figure globally in driving their growth. In 2012, he was the first economist to write extensively on the United States’ emergence as an energy exporter. His latest papers chronicle the implications of this unexpected tectonic shift for the US and world economies.