Argus 2008 Energy Policy Outlook Webinar
A new era for energy policy?
The 2008 US presidential election and prospects for legislative, regulatory
and market changes in the next administration
The next US president is expected to inaugurate a new policy framework for
domestic energy efficiency, renewable fuel use and mitigation of CO2
emissions. National security concerns will also lend support for reduced
reliance on imported oil. But anxiety over the faltering economy will render
infeasible any aggressive energy strategy with substantial consumer costs.
Foreign policy, a traditional vehicle for energy policy, may also see
crucial change under the next president. The majority of voters favors a new
direction in Iraq policy and wants to see Iraqi oil revenue, not US taxpayer
dollars, fund reconstruction efforts. The presidential candidates promise
markedly different strategies with Iran, perhaps the most significant and
enigmatic Mideast security concern.
An ability to work with congress will be an important determining factor in
the formation of energy policy during the next administration. The 2008
election will see the retirement of a number of senior oil-industry allies
in the House and Senate. Democratic majorities in both bodies are expected
to expand. Some efforts to enact punitive industry policies will prove
successful under the next administration, and are likely to keep oil
companies on the defensive.
This Argus webinar will address anticipated changes in the regulatory and
investment climate for oil companies under the next US president. It will
also address market implications of renewable energy development and the
trend towards greater oversight of energy futures trading. The timing of the
webinar will coincide with emergency of a clear Democratic Party frontrunner
and transition of the campaign from the primary season to the general