Event summary

There’s a great opportunity for Rotary clubs to hear firsthand from alumni — whether it’s Rotary Peace Fellows, Youth Exchange students, Rotaractors, or Rotary Scholars — about their challenges and successes. They’ve been there, they’ve done that, they’ve worked in the field. They can relate their experiences personally, not in an abstract way. Some alumni have incredible stories about how the experience changed their lives.

The Energy Information Administration released its Short-Term Energy Outlook for January, and it shows that OECD oil inventories likely bottomed in this cycle in June 2018 at 2.802 billion barrels. Stocks peaked at 3.210 billion in July 2020. In December 2020, it estimated stocks dropped by 40 million barrels to end at 3.061 billion, 172 million barrels higher than a year ago.

The EIA estimated global oil production at 93.45 million barrels per day (mmbd) for November, compared to global oil consumption of 95.59 mmbd. That implies an undersupply of 2.14 mmbd or 64 million barrels for the month. About 30 million barrels of the draw for November is attributable to non-OECD stocks.

About speaker

Shane Carmen launched an online database last year. The database is voluntary in terms of who wants to be listed on it, so privacy restrictions aren’t an issue. And remember, peace fellows can be consultants as well as presenters. They aren’t just potential speakers to a club or at a conference. The database has a brief description of what kind of consulting they can do and where their expertise lies. If you’re doing a water project, you may need an engineer. If you’re dealing with a peace initiative, you should have someone who can help you avoid faux pas that can arise from cultural differences. Peace fellows bring all sorts of skills and can be a valuable resource.