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Michael Smith interviews Edgar Pelaez, Managing Director at Avanssara, LLC management and strategy consulting company and President of AIC Energy, LLC a technology startup venture for enhanced hydrocarbons recovery and stimulation. He is an international operations executive with broad experience in the oil and gas services sector and deep knowledge of the oil and gas industry in general. During the interview, Edgar and Mike reflected on the oil industry dynamics that are at play today. The conversation centered around when supply drove price and demand vs. when demand drove supply and price.