|07:30 - 08:30
Sponsored by Intl FC Stone
|08:30 - 08:45
||Welcome and Opening Remarks
|08:45 - 09:45
||Opening Address: Global Politics and US Foreign Policy
Guest speaker: Secretary Leon Panetta
|09:45 - 10:00
|10:00 - 11:15
||Session 1: Politics and the Path to Re-balancing
- A bull market in sight? How is this year different? Could the market over-correct? What have we learned from the last year of US crude exports and Iranian exports? How might US president-elect, Donald Trump, impact relations with the Middle East and China? What is the future of trade with Iran? How likely could the markets re-balance in 2017?
- Navigating arbitrage opportunities: How are narrowing Brent/WTI spreads impacting global crude trading? What might the next year look like and how might that impact global trade flows?
- In balance or still re-balancing? What are the current inventories in Opec and non-Opec countries? Could we see supply disruptions? What countries are poised for greatest demand growth?
Dr. Edward L. Morse, Managing Director Global Head Commodities, Citi Research
Stephen Wolfe, Senior Oil Strategist, Trafigura Group
Amrita Sen, Chief Oil Analyst, Energy Aspects
|11:15 - 11:45
Sponsored by Oiltanking North America
|11:45 - 12:45
||Session 2: Impact of Trump and Republican Congress on Domestic Energy and Climate Policy
President-elect Donald Trump’s campaign promises and his cabinet appointees, together with a Republican-controlled Congress, portend a sharp break from years of Democratic policies. There is little question the incoming administration favors fossil fuels and is wary of President Barack Obama’s climate actions. In this session, we will examine the effect of this radically new direction on specific policies, programs and regulations, including:
- Will transportation fuels be affected by changes in the renewable fuel standard (RFS) and the RINs markets? Will automobile efficiency standards (CAFE) be impacted?
- How will a Trump presidency affect permitting of pipelines such as Keystone XL and Dakota Access? How will it impact environmental review of energy infrastructure?
- What would be the impact on the oil industry of the Republican proposal to impose a 20% border adjustment tax on imports and to exempt exports?
- What would be the impact of reduced regulation of hydraulic fracturing?
- What are the prospects for enhanced development of federal lands and waters?
- Is the Clean Power Plan dead? Will the Paris climate agreement be scrapped?
Jacob Dweck, Partner, Sutherland Asbill & Brennan LLP
David Ivanovich, Washington Bureau Chief, Argus
|12:45 - 14:00
Sponsored by Genesis Energy
|14:00 - 15:00
||Session 3: New Administration Impact on US Shale Survival
- Cash flow for the upstream: Who will have access to capital and financing? What tax breaks and incentives might we see under the Trump administration? Who is renegotiating debt and what type of companies will survive?
- Resiliency of US shale: How do US shale break-evens compare to international E&P break-evens? How are operators improving efficiency? What is the well completion, rig counts and cost containment measures that are making shale survive this year? How will a Republican Congress impact the balance sheets of US oil companies?
Mile Milisavljevic, Principal, US Deals Strategy Energy Sector Leader, PwC
Bernadette Johnson, Managing Director, Ponderosa Advisors
|15:00 - 15:30
||Fireside Chat: Financial Structure of the Midstream
- What is the future of MLPs? Volumes are down and prices are not covering pipeline transportation costs. How are MLPs planning for growth moving forward? What impact might the Trump administration have on the MLP tax structure?
Brian Freed, Senior Vice President of Western US Commercial Operations, Crestwood Equity Partners LP
|15:30 - 16:00
Sponsored by Genscape
|16:00 - 17:30
||Session 4: Future of Heavy Crude-Canadian and Latin American Barrels
- Future of Canadian oil sands: What is the supply outlook from Western Canada? What will future Canadian grades look like and how do they compare with other heavy grades in the US Gulf Coast? What could future pipeline access mean for Canadian crude?
- Spotlight on Mexico: What are the drivers behind Mexico's energy reform? What are the challenges with the reform and what are the results that industry and government are hoping for? Who is investing in developing the Mexican upstream?
- Venezuela and its post-Chavez energy relationships: What is the state of PdV’s production capacity? How are the nationalized heavy bitumen projects working? How quickly could the whole crude complex be revived by access to foreign capital and technology (possibly under a new government)? What are the implications of Venezuela’s falling production, government instability and supply commitments to China?
- Brazil-Can faith be restored at Petrobras? What is the vision and mission going forward? Will Petrobras look to expand globally or nationally?
Naomi Esfahani, Ph.D. Market Analysis & Research, Suncor Energy Marketing Inc.
Dr. Hector Moreira Rodriguez, Commisioner, Comision Nacional de Hidrocarburos
Francisco J. Monaldi, Ph.D., Fellow in Latin American Energy Policy & Lecturer in Energy Economics, Baker Institute for Public Policy, Rice University
Frank McGann, Lead Equities Analyst, Bank of America Merrill Lynch
|17:30 - 19:00