Last updated on: 1/5/2017 | Author:

Peter Morici, PhD Biography

Professor of International Business at the Robert H. Smith School of Business at the University of Maryland
Not Clearly Pro or Con to the question "Can Alternative Energy Effectively Replace Fossil Fuels?"

“By word and deed, the Obama Administration has sought to limit off-shore oil exploration and development, and hasten the commercial viability of solar, wind and alternative vehicle technologies.

All this is based on two erroneous, but strongly-held beliefs among liberal policymakers, academics and pundits: increasing U.S. oil production would do little to lower U.S. gas prices, and but for the vested interests of multinational oil companies, mankind would have long ago harnessed renewable energy sources and freed itself from the sin of burning hydrocarbons…

Secretary Chu has invested taxpayers’ money in Solyndra and a dozen other alternative energy projects that independent investment analysts advised were very poor commercial bets. One by one those are failing, but the administration refuses to acknowledge mistakes or relent, and pours money into battery technologies…

The facts are 50 years from now, mankind won’t be taking oil from the ground on nearly the scale that it does now, as science will have found better ways to capture hydrogen atoms to run more cleanly internal combustion engines, turbines and fuel cells, but oil companies are not conspiring to block the march of science and reckless federal spending won’t hurry the pace of discovery and commercialization.”

“High Gas Prices and the Wisdom of Drilling for Oil,”, Mar. 13, 2012

Involvement and Affiliations:
  • Professor of International Business, Robert H. Smith School of Business, University of Maryland, 1995-present
  • Senior Fellow, Economic Strategy Institute, 1997-2005
  • Senior Fellow, National Planning Association, 1988-2005
  • Director, Center for International Business, 1995-1998
  • Director, Office of Economics, US International Trade Commission, 1993-1995
  • Director, Canadian-American Center, University of Maine, 1991-1993
  • Professor of Economics, University of Maine, 1990-1993
  • Senior Fellow, Iacocca Institute, Lehigh University, 1989-1992
  • Associate Professor of Economics, University of Maine, 1988-1990
  • Vice President and Research Director, National Planning Association, 1983-1988
  • Professional Lecturer, Georgetown University School of Foreign Service, 1984-1986
  • Associate Director of International Studies, National Planning Association, 1979-1983
  • Senior Economist and Project Director, National Planning Association, 1978-1979
  • Assistant Professor, Department of Economics and Business Administration, Augsburg College, 1974-1976
  • Consultant, Health Board of the Metropolitan Council of the Twin Cities, St. Paul, MN, 1975
  • PhD, Economics, State University of New York at Albany, 1974
  • Has spoken at over 100 institutions including the Columbia School of Journalism, Harvard Business School, Universidad Tecnologica de Mexico, and Oxford University.
  • His views have been featured on CNN, FOX, ABC, CBS, CNBC, NPR, NPB, BBC, Reuters financial networks, and other national broadcast networks all around the world.
Quoted in:
  1. Will Increased Oil Drilling Help the US Solve Its Energy Crisis?