About: Philip K. Verleger

Dr. Philip K. Verleger, Jr. is president of PKVerleger LLC and a Visiting Fellow at the Peterson Institute for International Economics. Dr. Verleger’s research has focused on the study of energy commodity markets and, more recently, the amazing transformation of the US energy sector.

During his long and distinguished career, Dr. Verleger has correctly anticipated most of the major structural changes occurring in the oil industry over the last 25 years. In 1986, he was the first economist to fully comprehend and explain the appearance and development of energy commodity markets. Dr. Verleger has chronicled the evolution of these markets since then and has 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 have chronicled the economic implications of this unexpected tectonic shift.

Dr. Verleger earned his Ph.D. in Economics from MIT in 1971. He began his work on 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 Director of the Office of Energy Policy at the US Treasury in President Carter’s administration.

Dr. Verleger has been a Senior Research Scholar and Lecturer at the School of Organization and Management at Yale University and a Vice President in the
Commodities Division at Drexel Burnham Lambert. He is now Owner and President of PKVerleger LLC. From 2008 to 2010, Dr. Verleger served as the David E. Mitchell/EnCana Professor of Management at the University of Calgary’s Haskayne School of Business.