Speaker: Dr Mamdouh G. Salameh, International Oil Economist and Global Energy Expert

Millions of words have been written so far about the roots of the Ukraine conflict that has been raging since 24 February 2022. The webinar will focus on the strategic and economic impact stressing particularly its effects on global energy.

This event will discuss how the Ukraine conflict could change global energy trends for good.

  • The Ukraine conflict is but an aspect of the transformation of the New World Order from a unipolar system led by the United States since the collapse of the former Soviet Union in 1991 to a multipolar one. The catalyst of this transformation is the China-Russia strategic alliance.
  • The outcome of this conflict will impact the global economy, energy resources, the US dollar and the future of the Asia-Pacific region particularly the fate of Taiwan.
  • There is a major shift in energy flows from West to East. The bulk of Russian oil and gas will now go to the Asia-Pacific region particularly to China instead of the European Union.
  • The Ukraine conflict has revealed how dependent the global oil and gas markets on Russian oil and gas exports. It has also revealed Russia’s unique position as the world’s largest net exporter of both energy and key foodstuffs to the world.
  • Russia’s demand for payment in rubles for its oil and gas exports is transforming the ruble into an energy currency. This undermines the petrodollar, enhances the role of the Chinese petro-yuan and paves the way for other currencies like India’s rupees to become oil currencies as well.
  • The continued rise in the prices of energy products since January 2021 exacerbated by the Ukraine conflict is feeding inflationary pressure and leading to higher prices of food around the world. They could also plunge the global economy into its harshest recession.
  • Oil and gas will continue to be the core business of the global oil industry well into the future with the bulk of oil and gas supplies coming from three regions of the world, namely the Arab region, Venezuela and Russia’s Arctic with the very last barrel of oil produced most probably by Iraq.

The webinar will take place on Zoom at 6pm BST on Tuesday, 11th October.


Registration

Attendance is free of charge. To secure your place, please click here.
 

About the Speaker

Dr Mamdouh G. Salameh is an international oil economist and a global energy expert. He is acknowledged as one of the world’s leading experts on oil. He holds a PhD in Economics specialising in the economics and geopolitics of oil and energy.

Since 1988, Dr Salameh has presented 96 research papers to numerous international energy conferences around the world on the economics and geopolitics of oil and energy and has been frequently invited to lecture on these topics at universities around the world. He has authored four books on oil: ‘Is a Third Oil Crisis Inevitable?’ (published in 1990); ‘Jordan’s Energy Prospects & Needs to the Year 2010: The Economic Viability of Extracting Oil from Shale’ (published in London in 1998); ‘Over a Barrel’ (published in in June 2004); and ‘What is Behind the Steep Decline in the Crude Oil Prices: Glut or Geopolitics?’ (published by the Arab Centre for Research & Policy Studies in Qatar in June 2015), as well as numerous research papers published in international Oil and Energy Journals.

Dr Salameh has undertaken research assignments for the US Department of Energy, the Institute of Energy Economics in Japan, the Indian Government, OPEC, the Canadian Energy Research Institute, Boston University working on the Encyclopedia of Energy and Handbook of Energy; and the Government of Jordan amongst others. He regularly appears on TV to discuss oil prices and other developments in the global oil market.

Dr Salameh is a member of many International Institutes and Associations including the International Association for Energy Economics (IAEE) in the US, the British Institute of Energy Economics, the International Energy Foundation in Canada and the International Institute for Strategic Studies (IISS) in London.

Location

Organiser: ESCP Energy Management Centre

Online - Worldwide

Map

Date

Start date: 11/10/2022

Start time: 6:00 PM

End time: 7:00 PM