【Speaker】：Prof.Lorna A. Greening (Howard Baker Center for Public Policy, University of Tennessee, US)

【Title】：US Petroleum Renaissance: Implications for World Markets and Asia

【Time】：3:30 pm.-5:30pm. May. 22th, 2015

【Location】：CEEP-BIT, 6th, Floor

【About Report】：

　　In the twenty years following OPEC, the US oil and gas industry was significantly shaped by conflicting policies created in a chaotic, politically-charged environment. Those policies resulted in a drastic decline in activity in the industry, concerns about ‘energy independence’ and increases in imports to approximately 60% of US demand for crude by 2008. With the advent and wider-implementation of new exploration and production technologies, specifically horizontal drilling and hydraulic fracturing, this picture has altered. Since 2008, the US has sharply reduced dependence on imports to roughly 40% of domestic crude consumption; and, the US could become a net exporter of crude by 2030 as well as LNG.

　　Will the factors that led to the revitalization of the US petroleum industry have broader implications for world markets? This depends on US energy policy and the policies of other oil exporting countries. However, besides being a potential source of oil and gas, the US is also a source of technology and know-how. Both of these may have much greater implications for world markets particularly those in China and the rest of Asia.

【About Speaker】：

　　Lorna Greening has more than 30 years of experience in the energy industry, including consulting, research, academia, the public utility industry, and the petroleum industry as an exploration geologist. Previously, Lorna worked at the University of Alabama, Lawrence Berkeley National Laboratory, several, US ISO/RTO’s in various capacities, and for the largest public power entity in the world. She has performed projects for various US governmental agencies including US DOE, EPA, USAID, and EIA, and such international donor organizations as the World Bank, in addition to various private clients. Currently, she is a Visiting Scholar at Hong Kong Baptist University, and a Research Fellow at the Howard Baker Center for Public Policy at the University of Tennessee.

　　Dr. Greening is an associate editor and a member of the Board of Energy Economics which is one of the 50 top-ranked economics journals. She has served as editor of Energy Policy, an international peer-reviewed journal addressing the policy implications of energy supply and use from their economic, social, planning and environmental aspects. She has been a special issue editor for Energy Economics (Industrial Energy Consumption) and for Energy (Demand Response Resources). She has published in Energy Economics, Journal of Regulatory Economics, Energy Policy, Applied Economics, Energy, Environmental Assessment and Modeling, and in the International Handbook of Energy Economics.