People often think entrepreneurship is a one-idea, one-shot game: you have a great idea and you pursue it until it makes you rich or makes you run back home. That’s a shame because it keeps people from exploring entrepreneurship as a career. It’s like thinking the only career in music is to be frontman in a rock band. In truth, most entrepreneurs take part in multiple startups before launching their own, and they play many different roles besides the star.
This article responds to a “Foreign Policy” piece written by Ed Morse and Amy Jaffe entitled “The End of OPEC,” in which they argued that emerging technology and American production of tight oil and gas is revolutionizing the energy industry.
On October 16, Foreign Policy published an article written by Ed Morse and Amy Jaffe entitled “The End of OPEC,”. There, they argued that emerging technology and American production of tight oil and gas is revolutionizing the energy industry. This article in The National Interest references the piece and offers a counterpoint to their opinion.
Occidental Petroleum to Sell Stakes in Middle East, North Africa
The Westwood energy producer seeks to streamline operations and reduce political risk.
Occidental Petroleum Corp. is selling off stakes in Middle East and North Africa oil fields along with other assets in an effort to boost value for shareholders. Amy Myers Jaffe, executive director of energy and sustainability at UC Davis, said that this is in line with industry trends of leaving volatile regions abroad and investing more within the U.S.
The Street discusses Professor Marquez’s latest research which suggests that low interest rates were largely responsible for priming the near-collapse of the U.S. banking system in 2008.
What drives a city to thrive or fail? “Evangelist of Entrepreneurship”, Carl Schramm offers his insight on the issues that have plagued our failed cities, as well as, what can be done to restore them to prosperity.
Investing for the Fun of It
Many fans of stock indexing set a little money aside to bet on riskier investments. Here's how to do it safely.
The boom in oil and natural-gas production in many parts of the country has helped position the United States as a net exporter of energy, and California is increasingly part of that trend. Amy Myers Jaffe, executive director of energy and sustainability at UC Davis, said that oil companies are using environmental restrictions in the U.S. as an excuse to export gasoline to other countries.
In their recent paper “Do (Some) University Endowments Earn Alpha.”, Professor Brad M. Barber and Ph.D. student Guojun Wang looked at the long-term performance of university endowments and found no evidence that manager selection, market timing, and tactical asset allocation generated a higher return than the overall stock and bond markets.
Oil and refining companies operating in California are lobbying the Legislature and state agencies to either significantly cut back or repeal California’s low-carbon fuel standard, which requires the transportation sector to reduce its carbon intensity 10 percent by 2020. “They believe they can game the system,” said Amy Myers Jaffe, executive director of energy and sustainability at UC Davis. “There is a benefit in both the [renewable-fuel standard] game and in California to just not comply because you have incumbent infrastructure.
The End of OPEC
Forty years after the Arab oil embargo, new technologies are dramatically reshaping the geopolitics of the Middle East.
Forty years have passed since the Arab oil embargo went into effect on Oct. 16, 1973, triggering a period of incredible change and turmoil. But four decades later, the shoe may finally be on the other foot. Now, on the 40th anniversary of the 1973 embargo, the United States has a historic opportunity to lead a counterrevolution against the energy world created by OPEC as innovation in the U.S. energy industry looks poised to end the decades-long, precarious “dependence on foreign oil.” Professor Amy Jaffe and Ed Morse explain.
The Economist Ranks UC Davis MBA in the World’s Top Tier
No. 1 in the World for Diversity of Corporate Recruiters
(Davis, CA) — For the second consecutive year, The Economist’s full-time MBA ranking places the UC Davis MBA program No. 1 in the world for the diversity of corporate recruiters.
This is the fourth consecutive year UC Davis has been recognized in the top tier in this critical category. The No. 1 ranking is based on the range of industry sectors that have provided career opportunities for our graduates. It reflects the breadth of interests of UC Davis MBA students and their ability to compete successfully in today’s global economy.
Amy Myers Jaffe writes about the relationship between oil prices and competitive oil substitutes. History would argue that oil is a cyclical industry and that prices above competitive substitutes for oil invite fuel switching. Evidence is mounting that such substitution is already taking place.
More than 700 people are expected to attend the combined CleanStart and AgStart Showcase on Oct. 16 at the McClellan Conference Center.
Put on by the Sacramento Regional Technology Alliance, the daylong showcase will feature speakers, presentations by promising companies and discussions about growing businesses.
University of California Davis Professor Andrew Hargadon will give a presentation on entrepreneurship.
For years, the University of California, Davis, has turned out a steady stream of young entrepreneurs, many of whom take their talents, and their ventures, to the startup-rich Bay Area. Anthony Costello and Professor Andrew Hargadon, two business experts with deep Davis ties, want to see more of those fledgling enterprises stay nearer to the nest.
Breaking Into the Boys’ Club
The author of a new book on women in the boardroom talks about the obstacles women face and how to overcome them.
Last month, the California Legislature unanimously passed a resolution giving corporations a nudge. By 2016, the resolution declared, California public companies with more than nine members on their boards should have at least three women directors. It is the first such declaration by any U.S. legislature. And it is part of a global push for gender diversity in business.
The UC Davis Census and Dean Currall are cited.
As the Legislature wound down its session last month, sending the governor a flurry of bills, lost amid the din of last-minute lobbying and debate was the near unanimous passage of the first resolution in the nation urging public companies to add more women to their boards. In his op-ed, Dean Currall comments on the importance of diversity in boardroom and the positive effect that this new resolution will forward.
For much of the past decade, venture capitalists showered dollars upon clean-technology startups with promising-sounding ideas in areas like solar, electric cars and biofuels.
That era appears to have ended. Professor Hargadon comments on clean tech and the funding shift.
“When you map out what makes venture capital work, and you map out what the clean-tech sector is like, it doesn’t fit very well. Companies take a long time to grow. Customers don’t turn over (to new energy products) that fast,”
- Professor Andrew Hargadon.
As the number of EV users expands, congestion at public charging stations is inevitable. So what are the accepted norms for plugging in your car in a public station. Amy Jaffe discusses the topic.
Financial Times’ chief economics editor Martin Wolf cites study by economist and GSM Professor Alan Taylor that shows that the U.K.’s 2013 GDP will be about 3 percent smaller than it would have been without the British government’s austerity measures.