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Oil and the Economy: Adapting to a New Reality

November 18, 2016 Federal Reserve Bank of Dallas, Houston Branch

The Federal Reserve Banks of Dallas and Kansas City held their first joint energy conference, which focused on the key drivers of recent oil price movements and their implications for the energy industry, the financial sector and the broader economy. Top leaders from academia, business and government presented and discussed their views on these topics.

Featured speakers:

  • Robert S. Kaplan, Federal Reserve Bank of Dallas
  • Esther L. George, Federal Reserve Bank of Kansas City
  • Adam Sieminski, U.S. Energy Information Administration
  • Robert McNally, The Rapidan Group
  • Amy Myers Jaffe, University of California, Davis
  • Jim Hamilton, University of California, San Diego
  • Fiona Greig, JPMorgan Chase Institute
  • Jim Diffley, IHS Inc.
  • Daniel Beltran, Board of Governors of the Federal Reserve System
  • Gary Petersen, EnCap Investments LP
  • Mickey Coats, Bank of Oklahoma Financial Corp.
  • David Hager, Devon Energy Corp.
  • Hans Helmerich, Helmerich & Payne Inc.
  • Martin Craighead, Baker Hughes Inc.
  • Greg Armstrong, Plains All American Pipeline LP

Agenda

Friday, Nov. 18

8:25 a.m.

Welcome Remarks

 

Robert S. Kaplan, Federal Reserve Bank of Dallas

8:30 a.m.

Opening Address

 

Esther L. George, Federal Reserve Bank of Kansas City

9:15 a.m.

Session I: Outlook for Global Oil Markets

 

Chair: Martin Stuermer, Federal Reserve Bank of Dallas

 

Adam Sieminski, U.S. Energy Information Administration
Presentation

 

Robert McNally, The Rapidan Group
Presentation

 

Amy Myers Jaffe, University of California, Davis
Presentation

10:30 a.m.

Break

10:45 a.m.

Session II: Oil and the Economy

 

Chair: Nida C. Melek, Federal Reserve Bank of Kansas City

 

James D. Hamilton, University of California, San Diego
Presentation

 

Fiona Greig, JPMorgan Chase Institute
Presentation

 

Jim Diffley, IHS
Presentation

Noon

Luncheon

 

Luncheon Address
Q&A discussion with Robert S. Kaplan
Moderator: James Hackett, Riverstone Holdings LLC

1:30 p.m.

Session III: Oil and the Financial Sector

 

Chair: Michael Plante, Federal Reserve Bank of Dallas

 

Daniel Beltran, Board of Governors of the Federal Reserve System
Presentation

 

Gary R. Petersen, EnCap Investments LP
Presentation

 

Michael M. Coats, Bank of Oklahoma Financial Corp.
Presentation

2:45 p.m.

Break

3:00 p.m.

Panel Discussion with Executives

 

Moderator: Chad Wilkerson, Federal Reserve Bank of Kansas City Oklahoma City Branch

 

David A. Hager, Devon Energy Corp.

 

Hans Helmerich, Helmerich & Payne Inc.

 

Martin S. Craighead, Baker Hughes Inc.

 

Greg Armstrong, Plains All American Pipeline LP

4:00 p.m.

Closing Remarks

 

Mine K. Yücel, Federal Reserve Bank of Dallas

 

Troy Davig, Federal Reserve Bank of Kansas City

4:05 p.m.

Adjourn

Conference Photos

Dallas Fed economist Martin Stuermer and conference guests discuss oil prices and economic conditions.

Featured speakers, including Gary R. Petersen of EnCap Investments LP, presented to guests on Nov. 18.

Kansas City Fed economist Nida Melek speaks with Robert McNally, founder and President of The Rapidan Group.

Event attendees, speakers and Federal Reserve System economists mingle during a short coffee break.

Kansas City Fed economist Chad Wilkerson closed the event with an industry executive panel discussion.