Edward Morse
LCM Commodities
Ed Morse joined LCM Commodities and Louis Capital Markets as Managing Director and Head of Economic Research in October 2008. He joined the firm from Lehman Brothers where he was Managing Director and Head of Commodities Research from July 2006 and where he built a world class research team to support trading and marketing, covering petroleum and petroleum products, natural gas, power, uranium and nuclear, emissions, base and precious metals, and soft commodities, working closely with the commodities trading group in the Lehman Fixed Income Division, but also across the bank. A leading analyst of the international oil and gas sector, his career in energy spans three decades and includes senior positions in business, government, academia and publishing. Before joining Lehman, Morse spent seven years at Hess Energy Trading Co., LLC (HETCO), providing strategic advice to the firm as well as to its clients and counterparts on oil and natural gas market trends. For a decade before then he served as publisher and CEO of Petroleum Intelligence Weekly and other industry newsletters published by the Energy Intelligence Group. He received his Ph.D. from Princeton University, where he taught for six years before joining the senior research staff at the Council on Foreign Relations and where he became director of the “1980s Project,” the largest research effort undertaken by the CFR up to that point. During the Carter and Reagan administrations, Morse held various positions in the Department of State, including Deputy Assistant Secretary for International Energy Policy, the most senior official at State with full time responsibilities in energy. He represented the United States at the International Energy Agency, where he chaired the Standing Committee on Long-Term Cooperation, as well as various bilateral energy working groups with such other countries as Norway, Japan, the UK, Nigeria, and Iran. Included in his industry experience is a management position at Phillips Petroleum and co-founder of PFC Energy in Washington DC. Among the consulting assignments he has undertaken are the establishment of the oil export formula for Yemen when the country became a net exporter and negotiation of Yemen’s initial set of export contracts on behalf of the Supreme Petroleum Council of that country. He also served as the lead negotiator for the United Nations Security Council and the UN Compensation Commission on Iraq with the government of Iraq in the establishment of the export mechanisms associated with the oil-for-food program for Iraq. Additionally he has served as consultant to the US Departments of State, Energy and Defense on oil and natural gas issues and on issues related to markets and speculation at the International Energy Agency. In the winter and spring of 2001 Morse chaired a Task Force on Energy Security, jointly sponsored by the Council on Foreign Relations of New York and the James A. Baker III Institute, and issued two reports recommending urgent changes in US domestic and international energy policy. He currently is a member of the Federal Advisory Committee on Energy & Environment Cooperation with China under the direction of Treasury Secretary Paulson. Morse is Chairman of the New York Energy Forum and serves on a number of academic advisory boards, including those of the energy programs at Columbia University and Johns Hopkins School of Advanced International Studies. He is a member of the Council on Foreign Relations and of the Oxford Energy Policy Club, as well as a member of the editorial committee of The Geopolitics of Energy and of the journal Oil. He is a member of the Chairman’s Council of the American Ballet Theatre. Morse is the author of a number of books and dozens of articles on energy, economics and international affairs. He is also the recipient of a prize from the International Association for Energy Economics | 
