Moderator:
Bill Allen, President and Chief Executive Officer, LAEDC
Speakers:
Anthony Eggert, Executive Director, UC Davis Policy Institute
George Minter, Director, Policy and Environment, Southern California Gas Company
Catherine Reheis-Boyd, President, Western States Petroleum Association
Dennis Luna, Managing Partner, Luna & Glushon; Editor in Chief, California Oil and Gas Report
Responder:
Donald Paul, Executive Director, USC Energy Institute; William M. Keck Chair of Energy Resources
Although often overlooked, the oil industry’s cyclical nature perpetually returns oil to a lower price. New sources of fossil fuel have already been tapped through fracking—a technology that will continue to make available abundant reserves of natural gas in the United States. Given this, is it unrealistic to expect that markets will incent renewables? Facing the possibility of a longterm downturn in oil prices, how can we transition to green energy sources? What role will government, business, and consumers need to play in order to succeed? Where does California stand, keeping in mind that 21 scientists have backed fracking regulations proposed by the state, and given also that fracking in California would likely lead to huge new oil and gas production with impacts on jobs, taxes, and investment creation opportunities?
