count of the information provided in futures and options markets. His research has been supported by grants from the National Science Foundation and Chevron Corporation. Professor Smith received B.S. and M.S. degrees in electrical engineering from Stanford University (in 1984 and 1986, respectively) and worked as a management consultant prior to earning his Ph.D. in engineering-economic systems at Stanford in 1990. He has been at the Fuqua School of Business since the fall of 1990, and he received the Outstanding Faculty Award from the daytime M.B.A. students in 1993 and 2000; he has been nominated for teaching awards on several other occasions. He spent the 1998-1999 academic year on sabbatical at Stanford and served as associate dean for the Daytime M.B.A. Program at the Fuqua School of Business from 2000 to 2003.

Terry Surles is currently vice president for the Environment Sector at EPRI. Sector activities include environmental and economic research and policy analysis examining impacts of electricity production, transmission, and use on the environment and public health. Before joining EPRI, Dr. Surles was program manager of Public Interest Energy Research (PIER) and assistant director for science and technology of the California Energy Commission. Dr. Surles was the associate laboratory director for energy programs at Lawrence Livermore National Laboratory, following his time at the California Environmental Protection Agency as deputy secretary for science and technology. Dr. Surles was at Argonne National Laboratory for a number of years, holding several positions in the energy and environmental technology and evaluation area, with his last position being general manager for environmental programs. Dr. Surles holds a B.S. in chemistry from St. Lawrence University and a Ph.D. in chemistry from Michigan State University.

James L. Sweeney is professor and former chair, Department of Engineering-Economic Systems and Operations Research, Stanford University. He has been a consultant, director of the Office of Energy Systems, director of the Office of Quantitative Methods, and director of the Office of Energy Systems Modeling and Forecasting, Federal Energy Administration. At Stanford University, he has been chair, Institute of Energy Studies; director, Center for Economic Policy Research; and director, Energy Modeling Forum. He has served on several NRC committees, including the Committee on the National Energy Modeling System and the Committee on the Human Dimensions of Global Change. He served on the previous Committee on Benefits of DOE’s R&D on Energy Efficiency and Fossil Energy, helping to develop the framework and methodology that the committee applied to evaluating benefits. His research and writings address economic and policy issues important for natural resource production and use; energy markets, including oil, natural gas, and electricity; environmental protection; and the use of mathematical models to analyze energy markets. He has a B.S. degree from MIT and a Ph.D. in engineering-economic systems from Stanford University.

John J. Wise (NAE) is retired vice president of research, Mobil Research and Development Corporation. He has also been vice president, Research and Engineering Planning, manager of process and products R&D, manager of exploration and production R&D, director of the Mobil Solar Energy Corporation, and director of the Mobil Foundation. He was on the board of directors of the Industrial Research Institute and was active in the World Petroleum Conference. He was co-chair of the Auto/Oil Air Quality Improvement Research Program. He was co-chair of the NRC Board on Chemical Sciences and Technology. He has served on a number of NRC committees, among them the Committee on Transportation and a Sustainable Environment; the Committee on Science and Technology for Countering Terrorism: Panel on Energy Facilities, Cities, and Fixed Infrastructure; and the Committee on Effectiveness and Impact of Corporate Average Fuel Economy (CAFE) Standards. He served on the previous NRC Committee on Benefits of DOE R&D on Energy Efficiency and Fossil Energy. Dr. Wise has expertise in petroleum exploration and production, petroleum products, including the effects of fuels and engines on emissions, petroleum refining, synthetic fuels manufacture, and R&D management. He received a B.S. in chemical engineering from Tufts University and a Ph.D. in chemistry from MIT.

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