Russia’s invasion of Ukraine has upended the global energy supply chain, producing historic levels of stress worldwide and catastrophe in Europe. The price of oil has flirted with $120 a barrel. Gas prices have been stratospheric in Europe and high from China to Brazil, with a massive increase in the United States.

U.S. energy prices drove inflation in the 1970s, which in turn drove up electricity prices. A big question now is how electricity prices will be affected by Russia’s war on Ukraine: can utilities hold the line, or will force majeure come into play, adding to consumer woes?

Another question is whether the fast-paced transition to renewables will be put on hold due to the possibility of the world being cut off to Russia’s critical minerals supply. There has already been a shortage resulting in a huge surge in the price of nickel.

These questions and more will be addressed in this briefing, which will consist of a panel of experts taking questions from a panel of knowledgeable journalists. USEA Acting Executive Director Sheila Hollis will give opening remarks. Llewellyn King, nationally syndicated newspaper columnist and broadcaster, organized this briefing and will moderate.

The general audience can submit questions using the Zoom Q&A function, but members of the media will be given preference. A recording will be made available after the briefing.

Panelists:
Nick Akins, Chairman, President & CEO, American Electric Power
Lori Esposito Murray, President, Committee for Economic Development, The Conference Board
Clinton Vince, Chair, U.S. Energy Practice, Dentons
Peter Londa, President & CEO, Tantalus Systems

Journalists:
Linda Gasparello, PBS
Markham Hislop, Energi Media
Jennifer Hiller, The Wall Street Journal
Kostis Gerapoulos, New Europe
Herman Trabish, Utility Dive