Principal Owner & Founder of All Energy Consulting
David is a seasoned energy professional and market analyst with a B.S. degree in Chemical Engineering from the University of Texas. David began his career with Purvin & Gertz, Inc. David participated in numerous petroleum and refining industry studies for international oil and gas companies, ...more


Clean Power Plan Will Double Coal Retirements Unequally
In our base simulation, we have nearly 60 GW of coal plants retired from 2010 to 2016. Gas units are under economic pressure if the plant is located in a state with high carbon prices relative to the surrounding states.
Coal To Gas Switching – 2012 Déjà Vu?
The current futures market is showing a very tight spread between gas and coal. This may reduce price volatility, but it will make up for it in coal and gas volume volatility.
Renewables No Impact With Low Oil Price – False
The belief that low oil prices will have no impact on renewable is very misguided and optimistically biased. The practical reality is the path of renewables will be altered with continued low oil prices.
Oil Market Outlook Change – Too Low Demand Expectations
BP released their 2015 Energy Outlook. As noted by their Chief Economist this is not to address prices or near term events. However, price, in the end, is the meat of a discussion for an energy outlook as price and outlook for supply and demand are intertwined.
Case Study On Using Analytics To Save Money For Ratepayers
PMA cannot forecast the future in terms of weather, commodity prices, outages, etc but it can let you know how much each of those variables can impact the market.
Modeling The USGC Refining Market
The EIA Annual Energy Outlook (AEO) was forecasting distillate spread to gasoline to be negative until the 2010 AEO release. The current AEO 2014 shows the spread averaging over $0.3/gallon.


CEF Sprott Physical Gold and Silver Trust
DIA SPDR Dow Jones Industrial Average
IAG IAMGOLD Corporation
NFLX Netflix Inc.
QQQ PowerShares QQQ Trust Series 1
SLV iShares Silver Trust
SLW Silver Wheaton Corp.
SVW Bank of America Corp
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Work Experience

Principal Owner & Founder
All Energy Consulting
December 2010 - Present (12 years 9 months)
Our mission at All Energy Consulting is to provide leading-edge consulting services, market analysis and support to international energy companies and state-owned oil companies operating in a multitude of industry sectors. Given our overall experience in so many market sectors of the international energy business, AEC is equipped to handle many different types of studies and assessments for your business or government enterprise. Please visit our website for more information.
Technical Sales Executive
EPIS, Inc.
January 2011 - November 2011 (11 months)
• Improved marketing through transition to customer value proposition. • Increase website exposure through online blogging and advertising campaigns. • Expanded sales beyond power industry to coal, gas, and policy analysts. • Made onsite presentations to technical and management teams of prospective clients. • More than doubled the amount of overview presentations given compared to last year. • Authored database enhancements from coal pricing to unit performance characteristics.
Managing Director Strategic Analysis
American Electric Power
January 2002 - November 2010 (9 years)
David was responsible for developing the strategic plan, board discussion materials, and the company’s forecast of the economy and load outlook along with various commodities including oil, natural gas, coal, emissions, metals, and power. David was also involved in maintaining the company’s relationships with various organizations such as The National Petroleum Council.
Deloitte Consulting
August 2000 - August 2001 (1 year 1 month)
•Managed the development of an Enterprise Portal demo for Oil and Gas Industry focused in on Knowledge Management and e-Learning •Help lead the development of Deloitte’s eBusiness Oil and Gas Downstream Point of View •Participated in building an e-enabled solution for outsourcing offshore oil production with the key concept being a primary portal interface •Co-Speaker at the 14th Purvin & Gertz LPG Conference •Managed the strategy and development of the Enterprise Portal demo
Purvin & Gertz, Inc.
May 1996 - August 2000 (4 years 4 months)
Responsible for the development and maintaining of the short-term and long-term supply/demand projections for all petroleum products worldwide. Worked on projects requiring significant modeling experience and acumen for both technical and financial basis. I have been quoted in various publications for my price forecast, particularly the 1998 crude oil price collapse. e.g. Frontpage USA Today March 10, 1998.


The University of Texas at Austin
1992 / 1996
Chemical Engineering


All Energy Consulting Blog
David K. Bellman
All Energy Consulting
Our mission at All Energy Consulting is to provide leading-edge consulting services, market analysis and support to international energy companies and state-owned oil companies operating in the following industry sectors: •Natural Gas and LNG •Electric Power and Utilities •Coal Markets •Crude Oil Refining •Petroleum Marketing •Gas Processing •Natural Gas and NGL Marketing •Petrochemical •Environmental Policy View our free analysis on our blog.