FEEM Lecture on: “The rise of tight oil: a global energy revolution”, by Bahattin Buyuksahin and Bassam Fattouh
11:00 - 13:00
The technological revolution ignited by the extraction of non-conventional oil marks a turning point in internationally consolidated political and economic scenarios. Important geopolitical and macro-micro economic transformations are likely to happen in the near future and must be addressed.
In order to tackle these challenging and timely topics, Fondazione Eni Enrico Mattei, within ist "Economy and Society" Research Programme, organises a Lecture on the quantitative dimension of the possible impact of tight oil and the role of its revolution in the production framework worldwide.
Bahattin Buyuksahin and Bassam Fattouh – internationally acclaimed experts on the matter – will present the results of their recent studies on tight oil focusing on its implications in terms of pricing, crude oil and petroleum products trade flows and its impact on key producers.
Bahattin Buyuksahin – Bank of Canada
Currently Research Adviser of Commodities at the Bank of Canada, he has over nine years of experience in financial oil and energy markets covering the spectrum of energy derivatives markets, including financialization of commodities, the impact of financial market participants on energy price formation and volatility, the evolving regulatory framework and its effect on the structure and functioning of both the energy futures and physical markets, as well as the likely cost and benefits of proposed regulations. Prior to joining the Bank of Canada, he was Senior Analyst at the International Energy Agency (IEA) (2010-2013) and Senior Econometrician at the Commodity Futures Trading Commission (CFTC) in Washington DC.
Bassam Fattouh – Oil and the Middle East Programme Oxford Institute for Energy Studies
Director of the Oil and the Middle East Programme, he is also Research Fellow at St Antony’s College, Oxford University and Professor at the School of Oriental and African Studies. He has published a variety of articles on the international oil pricing system, OPEC pricing power, security of Middle Eastern oil supplies, and the dynamics of oil prices and oil price differentials. His articles has appeared in Energy Economics, The Energy Journal, and Energy Policy. He has recently served as a member of an independent expert group established to provide recommendations to the 12th International Energy Forum (IEF) Ministerial Meeting in Cancun (29-31 March 2010).