Mr. Struth is founder and President of Energy Insights, a consulting firm engaged in marketanalysis, along with the study of strategic and economic issues for major energycompanies. He was formally Manager of Petroleum Market Analysis at Honeywell Hi-Spec Solutions, where he was responsible for petroleum and refined product analysis and was the chief contributor to the monthly Petroleum Market Analysis publication. Mr. Struth has 20 years of energy industry experience focusing on financial and industry market analysis, economics, policy analysis, forecasting, and planning.

Prior to joining Hi-Spec Solutions, Mr. Struth was employed as Chief Economist by Phillips Petroleum Company in Bartlesville, Oklahoma. In this capacity, he was responsible for corporate forecasting and economic analysis in the Corporate Planning and Development Department. His duties included the following:

•            Developing forecasts of long-term and short-term crude oil and natural gas prices, drilling, construction and operating cost escalation

•           Global economic and political analysis, including monitoring and forecasting economic conditions, interest rates, exchange rates, and inflation

•           Providing guidance in support of project development and analysis. Such projects included upstream developments in Norway, Venezuela, Kazakhstan, and the Zone of Cooperation in the Timor Sea. Downstream projects included the Sweeny coker joint venture with PDVSA.

•            Assessing strategic impacts and conducting policy analysis of key issues such as electric restructuring, taxation, trade, and environmental legislation

•            Providing risk management assistance in the use of futures, OTC derivatives, and options to hedge upstream and downstream exposures

•            Assisting in preparation of strategic plans and capital budgets.

In previous positions, Mr. Struth was employed as a consultant at Chem Systems, Tarrytown, New York; and as an economist at Marathon Oil Company, Findlay, Ohio. At Chem Systems, he developed, directed, and marketed a short-term price forecasting service; prepared outlooks of global oil markets and world economies; and developed long- and short-run models of regional U.S. energy markets. His duties at Marathon included directing short-term analysis of oil prices; consulting with Supply/Transportation Department concerning the use of futures and options strategies,and preparing a monthly report on world crude oil market conditions.

Mr. Struth is a member of the International Association of Energy Economists and National Association for Business Economics. He is a board member of the National Energy Literacy Project.

Mr. Struth holds a bachelor of arts degree in Economics from Rice University and a master of science degree in Energy Management and Policy Analysis from the University of Pennsylvania.