In its second edition, the Financial Times was proud to present the FT Energy Strategies Summit: Risk and Opportunity in an Era of Energy Abundance, on May 14, 2015 at the Conrad New York Hotel in New York City.
Volatility has returned to the global energy markets with oil prices falling to a four year low after a decade of relative stability. Global energy supply, meanwhile, is threatened by a toxic mix of declining production, lack of exploration success, a host of geopolitical hazards and lower capital spending on major energy projects. Whilst much hope has been invested in the US unconventional boom as a key source of future production to moderate prices and a potential supply shortfall, questions are now being raised about the sustainability of the US energy transformation in today’s low oil price environment. Is the current pessimism justified? Can the US shale pioneers ride out the current pricing storm? What are the potential trouble spots in the international markets? What role could clean energy play in alleviating supply constraints?
With its focus not just on the revolution brought about by the new US shale energy abundance, but also how this interacts with ‘America’s second revolution’ in renewables, the Summit provided an all-embracing picture of the likely shape of the US energy market, and the implications for global energy markets in the years ahead.