Sallyport - The Magazine of Rice University - Spring 2002

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Through The Sallyport and curtailment of demand. Commenting on California s electric power crisis earlier last year, he pointed out that once higher prices were passed on to consumers, demand slowed dramatically. Turning his attention to the long-term prospects for American energy markets, Greenspan addressed the technological changes in the production side of the industry. The development of seismic techniques and satellite surveillance that are facilitating the discovery of promising new oil reservoirs worldwide have roughly doubled the drilling success rate for new-field wildcat wells in the United States during the past decade, he said. While the shift away from the hit-or-miss wildcat oil and gas exploration of the past would indicate declining costs, Greenspan cautioned that there remains the challenge of overcoming increasing costs brought about by more than a century of draining the more easily accessible sources of crude oil. Also, the potential for disruptive turmoil exists in many of the areas where the world s crude oil reserves lie. Greenspan also addressed the rising demand for natural gas and predicted that higher anticipated needs will force trade-offs between energy requirements and environmental concerns. As a result, he sees renewed interest in the expansion of coal, nuclear power, and nonconventional sources of energy. We cannot say with certainty how these technological possibilities will play out in the future, he said, but we can say with some assurance that developments in energy markets will remain central in determining the longer-run health of our nation s economy. Greenspan closed by reminding the audience that national security and environmental concerns need to be addressed in setting energy policy but in such a manner that won t distort or stifle the meaningful functioning of U.S. markets. Nancy Burch [ back to top ] Featured Stories | Through the Sallyport | On the Bookshelf | Who's Who Students | Arts | Scoreboard | Yesteryear | Previous Issues Copyright ©2002 Rice University http://www.rice.edu/sallyport/2002/spring/sallyport/greenspan.html (2 of 2) [10/30/2009 10:56:17 AM]
Through The Sallyport Spring 2002 VOL.58, NO.3 Hammond Remembered for His Excellence, Talent Michael Hammond, a composer and visionary leader who took Rice s Shepherd School of Music to new levels of professionalism, died from complications of cancer on January 29. He was 69 years old. His death came just one week after he assumed office as the eighth chairman of the National Endowment for the Arts (NEA). ........................................................................... In a statement to the campus community on the day of Hammond s death, President Malcolm Gillis said, Michael Hammond leaves a family and a university permanently enriched by his vision, strength of character, integrity, and indomitable spirit. If Rice University is a living monument to William Marsh Rice and Edgar Odell Lovett, the Shepherd School of Music is so also for Michael Hammond. Hammond recently said his two great love affairs were his wife, Anne Lilley Hammond, and the Shepherd School. Though reluctant to leave Rice, he felt it was his patriotic duty to serve his country by chairing the NEA, said Anne Schnoebelen, the interim dean of the music school and the Joseph and Ida Kirkland Mullen Professor of Music. Michael s contributions are immeasurable and will never be forgotten. We have lost an inspiring leader and a dear friend, she said, adding that Hammond was known for his wisdom, creativity, humor, quiet spirituality, and guidance. Hammond rose to head the NEA following an illustrious career in academia, arts, and music. Michael Hammond was an accomplished conductor, composer, and advocate of the arts, said President Bush, who in September nominated Hammond to head the NEA. His commitment to excellence and his extraordinary talents will be greatly missed. After his unanimous confirmation by the U.S. Senate, Hammond promised to be an advocate for policies that would benefit children and help them understand and participate in the arts. Hammond, who became dean of the Shepherd School in 1986, was widely regarded as a Renaissance man. Michael Hammond was truly sui generis, said Gillis. Wherever he went, he left in his wake a higher level of intellectual as well as artistic discourse. For my part, I will remember Michael as a person of strong conviction well expressed, a person as much at ease with Mozart as with classical physics and the classics of Virgil and Homer. During his tenure, Hammond assembled a talented faculty, strengthened cross-campus academic ties, expanded the school s international http://www.rice.edu/sallyport/2002/spring/sallyport/hammond.html (1 of 2) [10/30/2009 10:56:18 AM]
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Sallyport - The Magazine of Rice University - Spring 2002

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