Wednesday, June 15, 2022
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.
- 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
- 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