U.S. Shale Gas Boom: Implications for the U.S. Economy, Trade, and Geopolitics

Date: 

Thursday, July 25, 2013

Time: 

9:00 AM to 12:30 PM

Venue: 

Washington Court Hotel Grand Ballroom

Address: 

525 New Jersey Ave., NW
Washington
DC
20001

Attached files:

Session Two in the New Geopolitics of Petroleum and Natural Gas Discussion Series

It’s clear now that the U.S. has far more abundant oil and gas resources than was previously known, creating significantly different prospects for the future.  The U.S. shale gas boom could allow the United States to transition from a net energy importer to net energy exporter in the foreseeable future—a  transition that would have been unthinkable a decade ago. 

Prudent and responsible policy with regards to natural gas exports must take into account a number of issues and priorities, including the impact of exports on the national and regional economy, job creation, international trade flows, and the environment. While the Department of Energy’s recent order granting the Freeport LNG Expansion, L.P. project permission to export liquefied natural gas sheds additional light on this issue, questions remain regarding the process for approving additional permits. 

The Bipartisan Policy Center (BPC) hosted the second session in the New Geopolitics of Petroleum and Natural Gas series. The session took a dispassionate look at the analysis behind the export debate, the domestic politics surrounding the topic, and the geopolitical implications of global shale gas development.


Featuring keynote remarks from:

Senator Ron Wyden (D-OR)
Chairman, U.S. Senate Committee on Energy and Natural Resources

Melanie Kenderdine
Energy Counselor to the Secretary of Energy, U.S. Department of Energy

Moderator:

David Goldwyn
Goldwyn Global Strategies, LLC
Former State Department Special Envoy and Coordinator for International Energy Affairs

Host:

Senator Pete Domenici (R-NM) (Ret.)
Former U.S. Senator from New Mexico
Senior Fellow, BPC

Press Release

Senator Wyden Keynotes July 25 Event on U.S. Shale Gas Boom and its Implications for the U.S. Economy, Trade, and Geopolitics


AGENDA:

8:30 a.m. Breakfast Is Available

9:00 a.m. Welcome and Introduction

Senator Pete V. Domenici (Ret.)
BPC Senior Fellow

Margot Anderson
Executive Director, BPC Energy Project

9:15 a.m. Keynote Speaker: Process and Policy of Exporting Natural Gas

Melanie Kenderdine
Energy Counselor to the Secretary of Energy, U.S. Department of Energy

9:45 a.m. Panel 1: U.S. Natural Gas Exports – Process and Policy Issues

DOE’s recent approval raises questions about the order in which permits will be granted, and whether trade or other issues will be raised if commercially-ready projects are not able to obtain export licenses. This panel will consider both the process by which DOE will determine how to permit export facilities, and look at the estimates for export volumes, price impacts, and total economic impacts, all of which play a role in permitting decisions. In addition, this panel will consider how DOE can calculate the cumulative impacts of its decisions and the effects of U.S. LNG exports on global natural gas prices, particularly oil-linked natural gas prices, and current natural gas flows between the U.S., Canada, and Mexico

Gary Hufbauer
Reginald Jones Senior Fellow, Peterson Institute for International Economics

David Montgomery
Senior Vice President, NERA Economic Consulting

Scott Moore 
Vice President, Marketing, Anadarko Petroleum Corporation

10:45 a.m. Coffee Break

11:00 a.m. Panel 2: Geopolitical Impacts of Shale Gas

The implications of the shale gas boom in the United States include the impacts of exporting not only LNG, but also of exporting the technologies needed to extract shale gas. Both exports have the potential to influence U.S. foreign policy and strategy abroad. This panel will consider the total impacts of the shale gas boom on U.S. policy and relations with strategic partners in Asia, Europe, Eurasia, and the Middle East.

Kenneth Medlock
James A. Baker III, and Susan G. Baker Fellow in Energy and Resource Economics, Rice University

Francis O'Sullivan 
Executive Director, Energy Sustainability Challenge, MIT Energy Initiative

Robert Johnston
Director, Global Energy & Natural Resources, Eurasia Group

12:00 p.m. Keynote Address: The Economic and Geopolitical Impact of Natural Gas Exports

Senator Ron Wyden (D-OR)
Chairman, U.S. Senate Committee on Energy and Natural Resources

12:30 p.m. Adjournment