In this Energy and Environment Breakfast, ICF International welcomes one of the U.S. government's foremost experts on petroleum and a founding director from Columbia University for a discussion on issues related to the dramatic fall in world oil prices, which are at their lowest levels since 2007. Gasoline prices in the United States are below $2.50 per gallon.
Key discussion questions include:
- How long will this rapid decline continue, when could prices rise again, and what does it all mean?
- Will there be (much) less North American oil and gas production, forestalling our drive to energy independence?
- How does industry make decisions with very uncertain policies: crude exports, pipelines, rail concerns?
- Will natural gas markets tighten, and will new pipeline activity slow?
- Do we still need the Keystone XL pipeline?
- To what extent will there be slower adoption of fuel-efficient vehicles?
- Where is unrest in the Middle East going and how will it affect global markets?