Russia’s Invasion of Ukraine and the Global Oil and Gas Industry
Date Recorded:
Wednesday, June 15, 2022
Synopsis:
As the world gradually transitions to renewable energy, the Russian invasion of Ukraine has brought into sharp focus the world’s deep and continuing dependency on hydrocarbons, much of it from unstable and vulnerable regions. This dependency limits government actions and company options to provide the energy our economies require. While European countries have reached a near-total consensus on banning Russian oil imports and are exploring other alternatives, their dependence on natural gas continues to leave them vulnerable. The reliance on hydrocarbons by various economies and concern for global warming raises the question on how to address the new geopolitical realities as we phase out of hydrocarbon dependence.
While we must act now to dampen the shocks from the Ukraine conflict, it is also crucial to anticipate future geopolitical risks in this critical industry. It’s time to reassess public policy and the role of the oil and gas industry from the perspective of government, company, and consumers. This webinar discussion explored strategies to make the oil and gas supply chain more robust in the face of geopolitical volatility and market uncertainties.
Featured Speakers:
- Mr. Frank Verrastro, Senior Adviser, Energy Security and Climate Change Program
Center for Strategic and International Studies (CSIS) - Mr. Hossein Ebneyousef, International Oil and Gas Consultant
Moderator:
- Dr. Fariborz Ghadar, The William A. Schreyer Chair and Professor of Global Management, Policies, and Planning at the Smeal College of Business, Penn State University
A Digital Dollar? CSIS Discussion Series
Promises and Pitfalls
Gerard DiPippo, senior fellow for CSIS Economics Program, will moderate a discussion between Stephanie Segal, non-resident senior associate for CSIS Economics Program, and Dr. Fariborz Ghadar, Schreyer Chair holder and Professor of Global Management, Policies and Planning at Pennsylvania State University and Senior Advisor and Distinguished Scholar at CSIS. Gerard DiPippo published a recent piece on options for a U.S. CBDC and Stephanie Segal published a report in 2020 on CBDC. Fariborz Ghadar has an upcoming book entitled Hurry and Get it Right: The Urgent Need for Digital Currency Policy Frameworks.
Regulatory and Technological Considerations
Congressman Jim Himes (CT-04) will provide a keynote address followed by a moderated Q&A session with CSIS Economics Program Senior Fellow Gerard DiPippo. A panel conversation will follow between Dante Disparte, Chief Strategy Officer and Head of Global Policy, Circle, and Jai Massari, Cofounder & Chief Legal Officer of Lightspark, and Gerard DiPippo.
Gerard DiPippo published a recent piece on options for a U.S. CBDC, and contributing expert to the series Fariborz Ghadar has an upcoming book entitled Hurry and Get it Right: The Urgent Need for Digital Policy Frameworks.
International Considerations
This event will feature a panel discussion between Miguel Díaz, head of the Toronto Centre for BIS, Dr. Fariborz Ghadar, Schreyer Chair holder and Professor of Global Management, Policies, and Planning at the Smeal College of Business at Pennsylvania State University and Senior Advisor and Distinguished Scholar at CSIS, and Steven Kamin, Senior Associate (non-resident) of the CSIS Economics Program. Gerard DiPippo, Senior Fellow for the CSIS Economics Program, will moderate the conversation.
Gerard DiPippo published a recent piece on options for a U.S. CBDC, and contributing expert to the series Fariborz Ghadar has an upcoming book entitled Hurry and Get it Right: The Urgent Need for Digital Policy Frameworks.