Whither Oil? Does 2005 Mark a Turning Point?
| Date | Wednesday, October 19, 2005 |
| Location | House Longworth Room 1116 |
It's been an energy year for the record books-one that will likely enter the oil annals together with 1973 and 1979. With oil demand soaring from Boston to Shanghai and supplies constrained, at least for the time being, the question now being asked by oil executives and analysts is whether we've "entered a new era" as Chevron CEO David O'Reilly has said, or a temporary glitch that will be quickly corrected by market forces.
This study group session is designed to provide some expert opinions on the questions that are most pressing for Washington decision makers. Chris Flavin, President, Worldwatch Institute and Kjell Aleklett from Uppsala University in Sweden will lead a discussion to explore varying projections for future oil supplies and prices, the implications for U.S. and global security, and the prospect for alternative fuels, ranging from tar sands to coal-based and bio-fuels.