Winter 2012 Newsletter

Division of Economics and Business
• • • WINTER 2012 ISSUE • • •
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                   Winter 2012



• • •feature• • •

Tourmaline Award
Honors the Stermoles

Emeritus Professor Frank and Dot Stermole were the 2011 recipients of the Tourmaline Award, recognizing individuals who have made exceptional philanthropic commitments to Colorado School of Mines.  Frank and Dot have been part of the Mines community and Division of Economics and Business for nearly fifty years. Frank has devoted his energy and expertise as an educator to generations of students.  Their legacy is visible across the campus in athletics and academics.



• • •student news• • •

World Bank Internship

Over the summer, PhD student Martin Lokanc was engaged by the World Bank’s Sustainable Energy, Gas, Oil and Mining (SEGOM) unit to provide advisory and technical assistance related to the mining sector.  The work focused on all aspects of governance and sustainable development over the life cycle of the mine (exploration, development, operation, closure, post closure), especially in the context of developing countries, taking into consideration the perspectives of governments, companies, and civil society stakeholders. 

During Lokanc's internship, he was able to participate in the following projects:

  • World Bank's mining development plan for Afghanistan
  • Upcoming publication entitled  "Source Book" on recommendations to improve environmental and social sustainability in mining
  • Market failures in early stage mineral exploration and license allocation in least developed countries
  • Coordination failures among developing country governments spanning metallogenic belts

When asked about his experience with the World Bank, Martin commented "The World Bank is an amazing place to work.  The work is very challenging but also extremely rewarding.  It's also wonderful to work with so many highly qualified people, all dedicated to fighting poverty and improving well-being across the globe."

• • •faculty news• • •

Sabbatical Research

During the spring 2011 semester Dr. Edward Balistreri, associate professor, was a visiting researcher at The Swiss Federal Institute of Technology (ETH-Zürich) in Zürich, Switzerland, and the National Center for Atmospheric Research (NCAR) in Boulder, Colorado. In collaboration with Professors Thomas F. Rutherford (ETH-Zürich) and Christoph Bhringer (Carl von Ossietzky University Oldenburg, Germany) Balistreri organized a project comparing international models of climate policy with a focus on carbon leakage and border-tax adjustments. The project includes contributions from eleven climate-policy modeling teams from North America and Europe which met in November in Oslo Norway. Balistreri’s work, with coauthors Russell H. Hillberry (University of Melbourne) and Rutherford, on structural estimation and simulation of advanced international trade models was featured as the lead article in the March 2011 issue of the Journal of International Economics. In addition, over the past year he coauthored research published in Economics Letters, The Energy Journal, and Resources Policy.


• • •student news• • •

IFP Program Prepares

Escoe for Future

Britton Escoe earned a BS in Economics at Colorado School of Mines in May 2010. When she began looking at her options for graduate school, she came across the Dual Degree Program in Mineral and Energy Economics at CSM and Petroleum Economics and Management from The IFP School in France.  Britton knew immediately this would be the perfect graduate program and she was accepted to the elite program.  After her first fall semester focused on Mineral and Energy Economics at CSM, she crossed the Atlantic to spend seven months  immersed in Petroleum Economics and Management and in the French culture. Surrounded by beautiful historic buildings and landscape, Britton said the experience was something she had dreamed of her entire life.

Britton explained that IFP professors and industry professionals from around the world lectured in courses including Upstream and Downstream Manage-
ment, Finance and Accounting, Trading, Reservoir Engineering, and Econometrics. These professionals gave the students real projects and demanding deadlines for project material and presentations. Britton says she developed a deeper understanding of the petroleum sector and became better prepared for post-graduation work and public speaking. When asked about the experience in the joint degree program Britton said, “I wouldn’t trade it for the world!

• Division Director Message •Greetings from Mines and the Division of Economics and Business as we begin 2012! We had a great 2011, graduating 9 students with BS degrees in Economics, 24 students with MS degrees in Engineering and Technology Management, and 30 students with MS or PhD degrees in Mineral and Energy Economics.  We look forward to an equally exciting and successful new year.  Please keep in touch, and visit us if you come to campus.
Wishing you the best for 2012
Rod Eggert

• December 2011  Graduates •

• 2010-2011 Student Graduation Awards •
William Jesse Coulter Award
in Economics

Tyler Thyfault
William Jesse Coulter Award in
Mineral and Energy Economics

Christopher Cullenbine
Arturo Vasquez Cordano
Jerome and Rebecca Broussard Award in
Engineering and Technology Management

Kelley Eurek
Hubert and Sarah Risser Award in Mineral and Energy Economics
Christopher Worley
Christopher Odom
Outstanding Economics and Business Senior Award
Kelsie Dodson
Tyler Thyfault
James Soiland
Kevin Raber

•May 2011 Graduates •


Thanks to our Donors July 2010 - June 2011

Anadarko Petroleum
David W. Baker
Vikram Balasubramanian
The Basic Industries Group
Jerome and Rebecca Broussard
James R. Coldwell
Kelsie Dodson
ExxonMobil Foundation
Dana Fowers
Jack R. Gerhardt
Andrew & Sarah Govert
David H. Hebb
  Sam Hewitt
Mincom Inc.
Nicolas G. Jonard
A. Scott Moore
The Darlene Pauli Family
Janet L. Peace
Steven Piper

Royal Gold
Myles Scoggins
Martin P. Schmidt
David S. Schramm
Viola Vestal Coulter Foundation
EB Faculty

Make a gift to the Economics and Business Alumni and Friends Fund

• Division Enrollments •
Economics, BS................. 45
Undergrad. Minors........... 92
Engineering & Technology Management,  MS............ 37
Mineral and Energy Economics, MS (includes IFP)..................................... 76
Mineral Economics and Energy, PhD...................... 26
Interdisciplinary PhD: Operations Research.......
with Engineering


• Keep in Touch •
Thank you for keeping us informed of your professional accomplishments.  We update our website with the information you send us.  Updates can be sent to Kathleen Martin.


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