Executive Forum Agenda

Monday, October 27, 2014

Come one day early and attend this special Executive Forum on the topic of Politics, Polemics and the Shifting Paradigm.

8:00 a.m. – 9:00 a.m.
Registration & Breakfast

9:00 a.m. – 10:00 a.m.
Free and Unfettered Market?
Joanne Shore – Chief Industry Analyst, American Fuel & Petrochemical Manufacturers

Joanne ShoreThe tight oil revolution has spurred one of the most intense debates in decades. Will the U.S. tweak, modify, or lift its crude oil export ban? Are exports of condensate or “modified” hydrocarbons likely to alter some traditional supply balances. What is the likely course of action given the vested interests in Washington? We’ll have a comprehensive view that sets the stage for how upstream, midstream and downstream markets may be shaped for the rest of the decade.

10:00 a.m. – 10:45 a.m.
The Petroleum MLP Land Grab
C. Timothy Fenn – Partner, Latham & Watkins

Timothy Fenn

Nothing less than a massive reconfiguration of upstream, midstream, and downstream energy assets has occurred thanks to unprecedented growth in Master Limited Partnerships. The majority of U.S. terminals and pipelines now fall under the MLP umbrella, and refineries, distribution companies, and even convenience retailers are looking to restructure under various MLP rules.  What can we expect as energy logistics’ growth accelerates and the lure of consolidation tempts private and public companies to join the MLP parade?  Perhaps the most knowledgeable and active attorney in MLP formation, Tim Fenn from Latham & Watkins, takes an exclusive look at the evolving structures that are likely to hold many of the critical assets in refining, logistics, and marketing this decade.

10:45 a.m. – 11:15 a.m.
Refreshment Break

11:15 a.m. – 12:00 p.m.

LCFS and Cap and Trade –
Is Greenhouse Gas Regulation Coming Soon to a State Near You?

David Hackett – President, Stillwater Associates

David HackettCalifornia is arguably the “canary in a coalmine” when it comes to new regulations. Refiners in the states are essentially on the hook for three different programs, the Low Carbon Fuel Standard, Cap and Trade and the Renewable Fuel Standard. And starting January 1, 2015, those doing business at the rack level become subject to cap and trade laws. Other states are expected to keep a close eye on California for successful implementation strategies.

12:00 p.m. – 1:15 p.m.
Networking Lunch

1:15 p.m. – 2:00 p.m.
Riding the Rails
Mark D. Smith – Executive Vice President, Delek Holdings US, Inc.

Moving crude oil by rail has become all the rage, but with this brisk growth has come new scrutiny, not just for crude oil, but for ethanol as well. The movement of millions of barrels by rail now attracts the scrutiny of regulators, as well as politicians and the press. What are some of the likely choices that the transportation companies face as rail movement runs accelerate?

2:00 p.m. – 2:45 p.m.
On the Waterfront
Gerald A. Morrissey III – Partner, Winston & Strawn, LLP

Suddenly, the Jones Act is no longer regarded as a sacred cow. A key ruling from U.S. Customs could allow hydrocarbon components to move from U.S. refiners to the Bahamas and back to the U.S. in vessels that don’t carry the American flag. Nobody knows the politics of coastal waterways like top maritime attorney Gerald Morrissey, who did indeed write the book on maritime law. He will look at how this ruling, and likely subsequent rulings may merge with politics and define waterborne transportation through the rest of the decade.

2:45 p.m. – 3:15 p.m.
Refreshment Break

3:15 p.m. – 4:00 p.m.
The Pros and Cons of the Export Ban and the Geopolitical Question
Nathan Schaffer – Partner, Groppe, Long & Littell

Nathan Schaffer

The effort to lift the export ban on crude oil has barely started, and the effort to stop any relaxation is nascent as well. Instability in pockets around the world may have politicians taking a long hard look at exports and how condensate fits into the equation. The case for a continuation of the ban or a more vibrant export market will be broken down in this can’t-miss session.  We will also get an idea of the probable path that Washington will pursue in the next 15-24 months.  Bonus: How might the status of the Strategic Petroleum Reserve factor in to the ultimate decision.  

4:00 p.m. – 6:00 p.m.
Welcome Reception




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