"Booms, Busts, Sustainability–Navigating Today’s Energy Landscape"

"Few businesses have had to endure a 60 percent drop in revenues over the course of six months," ConocoPhillips Chairman and Chief Executive Officer Ryan Lance told the October 22 meeting of the Boston College Chief Executives Club. That’s what the oil and gas industries have experienced, as "a combination of supply growth and weak demand has driven down oil prices to half what they were a year ago," he said. Energy efficiency standards for cars and trucks have grown stricter and technological innovations have increased the availability and supply of energy sources, further slowing demand. Companies that expect to succeed in this "volatile cycling business" have little choice but to cut costs and improve efficiency, Lance said. Eric Slifka, president and chief executive officer of Global Partners LP, introduced the speaker.