Overview

40th Anniversary of the Oil Embargo

Wednesday, October 16, 2013

Forty years ago, the Oil Embargo evidenced how dependent the United States is on foreign energy sources. Americans were left vulnerable and exposed to the long-term possibility of high oil prices, disrupted supply, wars driven by the need for oil, and economic recession. It is imperative that we, as a nation, learn from the past and continue to expand, diversify and invest in our energy supply portfolio.

 

Over 25 recent global studies show that the U.S. and the world can meet most-or-all of our energy needs with commercially-available high value energy efficiency and renewable energy when taken in the aggregate. Most energy efficiency improvements are paid back in five years or less, and a significant percentage of renewable energy technologies can become cash flow positive and are reaching grid parity against traditional energy in today's market.  Aside from renewables being cost-competitive, they afford a higher degree of energy reliability and much improved electric power quality and security (no surges, sags or transients).

 

Contrary to popular belief, five of the renewable options already provide sustained 24-hour electric power: biopower, hydropower & marine energy, and geothermal, as well as some concentrated solar thermal power technologies. With storage (batteries, compressed storage, flywheels, pumped hydropower, and hydrogen) solar and wind can also meet 24-hour needs; however, they already meet naturally-recurring higher electric loads for midday air-conditioning (solar) and evening peaks (wind). The RFS and CAFE standards, with advanced manufacturing and materials changes for automobiles are leading the way for fuel alternatives in mobile sources. All of these renewables technologies are already commercially competitive with $269 billion of private sector global investment reached in 2012; and trillions of dollars in investment forecast in future decades.

 

Our program will demonstrate the renewable energy industry advances made since 1973, and highlight how renewables are the competitive, economical and sustainable global building block for the 21st century.

 

Q & A Submission:
Q & A both on the teleconference and live at the host firm sites, will follow the speakers' presentations. Please email questions to This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Call Times:
12:00 pm - 1:30 pm Eastern
11:00 am - 12:30 pm Central
10:00 am - 11:30 am Mountain
9:00 am - 10:30 am Pacific
8:00 am - 9:30 am Alaskan

 

Teleconference Chairs:
Kimberly E. Diamond, Lowenstein Sandler LLP
Roger D. Stark, Stoel Rives LLP
Sarah A.W. Fitts, Debevoise & Plimpton LLP

 

Legislative Update: 
Todd Foley, SVP Policy & Government Relations, ACORE

 

Moderator:
Michael Zimmer, Of Counsel, Thompson Hine LLP
 

Opening Remarks:
R. James Woolsey
, Former Director, Central Intelligence Agency; Chairman, Foundation for Defense of Democracies; Venture Partner, Lux Capital
Robert C. (Bud) McFarlane, Co-Founder, McFarlane Associates, Inc.

 

Speakers:
Scott Sklar, President, The Stella Group, LTD
Topic:
U.S. energy supply and consumption trends following the Oil Embargo, the current state of the U.S. energy market, and integrated renewable energy systems.

 

Carol Werner, Executive Director, EESI
Topic: The Clean Air Act, climate change, and advancements in energy efficiency.

 

Michael Ware, Managing Director, Advance Capital Markets representing himself and Bill Holmberg, Biomass Coordinator, American Council On Renewable Energy
Topic: Transportation fuels involving all forms of renewable and fossil energy to power all forms of transport and equipment. Learn about the leaders in alternative transport energy systems -- U.S., Brazil, China, Israel, Germany, and Sweden  -- who are forging the way forward.

Supplementary Materials

1. Oil Embargo Infographics

 


 

 

 

 

 

 

 

 


 

 

Our Next Seminar & Teleconference

Leveraging Tax Equity: the Latest on the Department of Treasury’s new PTC Guidance

Wednesday, May 18, 2016

On May 2, the IRS released much anticipated guidance on how it will administer the five year extension of the PTC (IRS guidance on the ITC extension will be released later).  The multi-year extensions of the PTC and ITC have provided the wind and solar energy sectors with stable, long-term policy and can help accelerate an already expanding market. However, details in IRS implementation and the availability of enough competitively priced tax equity are critical to monetizing the tax incentives and expanding deployment. How will the PTC extension be implemented?  Will there be enough cost-competitive tax equity to optimize these important incentives? Could the lack of tax equity slow market growth? Additionally, how will the scheduled step downs of the credits affect the tax equity markets in the coming years? Leaders in renewable energy finance and development will discuss these and other issues.

Q & A Submission:
Q & A both on the teleconference and live at the host firm sites, will follow the speakers' presentations. Please email questions to This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it..

Call Times:
12:00 pm - 1:30 pm Eastern
11:00 am - 12:30 pm Central
10:00 am - 11:30 am Mountain
9:00 am - 10:30 am Pacific
8:00 am - 9:30 am Alaskan

Moderator:
Greg Wetstone, President & CEO, ACORE

Speakers:
Keith Martin, Partner, Chadbourne & Parke LLP
Darren Van't Hof
, Director of Renewable Energy Investments, US Bank
Jeff Weiss, Co-Chairman & Managing Director, Distributed Sun

Teleconference Series Chairs:
Sarah A.W. FittsDebevoise & Plimpton LLP
Roger D. Stark, Stark Energy Consulting LLC
Gene GurevichSecuring America's Future Energy
Matthew J. Frank, Murphy Desmond S.C.
Grant Rauscher, Debevoise & Plimpton LLP