This webinar will explore the many factors influencing high oil prices today. Best selling author of What Went Wrong at Enron Peter C. Fusaro cut his teeth in the oil industry after the first oil crisis in 1973-1974. He helped set up the Strategic Petroleum Reserve while at the US Department of Energy and has worked for a major multinational oil company and member of OPEC, Petroleos de Venezuela. He is noted for contrarian views on energy markets that are not the conventional wisdom. For example, most energy analysts at banks have not seen the structural changes taking place in energy markets and expect high oil prices to be a short-term phenomenon. Peter believes we are now in a sustained bull market not only in oil but gas and coal as well, and will talk about some of the fundamental factors influencing prices.

This seminar will cover oil market dynamics such as:

• What's going on in China and its energy demand mix
• Outlook on global refining and petroleum products
• What's happening in European & Asian oil markets
• How the fuel specification changes continue to distort energy prices
• Why oil price volatility is the order of the day & how that is affecting oil trading
• The influence of NYMEX, Traders & hedge Funds on oil prices
• Why weather is still a key variable
• Why high oil prices is having a knock-on effect in gas, power, coal and emissions markets