The battle lines were drawn. The drive toward decarbonization was rushing headlong into the reality of energy markets. Things were going to get messy, but at least it was becoming more evident how the energy transition would impact key market developments, from the chaos in European natural gas, to producer capital restraint in the oil patch, to the rising impact of renewable fuels and, of course, the escalating roadblocks to pipeline construction. Then, a monkey wrench was thrown into the works. The world was confronted with the madness of war in Europe, with all sorts of consequences for energy markets: sanctions, boycotts, cutbacks, strategic releases, price spikes and, here in the U.S., what looks to be a softening of the Biden administration’s view against hydrocarbons — at least natural gas and LNG. So now the markets for crude oil, natural gas and NGLs aren’t only inextricably tied to renewables, decarbonization and sustainability, they must navigate the transition turmoil under the cloud of wartime disruptions. It’s simply impossible to understand energy market behavior without having a solid grasp of how these factors are linked together. That is what School of Energy Spring 2022 is all about! In the encore edition of today’s RBN blog — a blatant advertorial — we’ll highlight how our upcoming conference integrates existing, war-impacted market dynamics with prospects for the energy transition.
In observance of today’s holiday, we are revisiting a recently published blog discussing our upcoming School of Energy. If you didn’t read it then, this is your opportunity to see what you missed!
Before we get into the topics at hand, a brief word about School of Energy Spring 2022. This is our 16th School and the first to be held in person since 2019. It is coming up May 17-18 at The Houstonian hotel in Houston. We’ve reorganized the curriculum after assessing the most important developments that energy markets must deal with in the real world of today. That means a context that incorporates a lower-carbon future that is bringing radical changes in how energy commodities are produced, transported and used, while at the same time dealing with a brutal war in Europe and what some have called a new world order in energy markets.
Join us at our historic 20th School of Energy!
School of Energy: Foundations is a two day, in person conference designed to help energy professionals better understand the forces shaping crude oil, natural gas, NGLs, refined products, and petrochemicals.
Attendees will learn from RBN experts, work with Excel based analytical models, participate in Q&As, and network with industry peers.
Build the foundation to better navigate volatile energy markets.
As always, we’ll start with the basics of what makes energy markets tick, work through hands-on models of energy fundamentals, and review RBN’s forecasts for what lies ahead. Then we’ll get into what we believe are the most important hydrocarbon-related issues in the energy transition. These include carbon dioxide (CO2) sequestration, hydrogen and renewable fuels. There will be time for networking and discussion throughout. For more about School of Energy Spring 2022 and the themes we’ll be covering, click here.
About the song
“Monkey Wrench” was written by Dave Grohl, Nate Mendel and Pat Smear. It appears as the second song on Foo Fighters’ second studio album, The Colour and the Shape. Released as a single in April 1997, the song went to #3 on the Billboard Hot 100 Singles chart. Personnel on the record were: Dave Grohl (vocals, guitar, drums), Nate Mendel (bass) and Pat Smear (guitar). Although drummer Taylor Hawkins is featured in the video of “Monkey Wrench,” he became a full-fledged member of the band after the recording of the song took place. Hawkins was previously a member of Alanis Morissette’s band before joining Foo Fighters.
The Colour and the Shape was recorded between November 1996-February 1997 at Bear Creek in Woodinville, WA; WGNS in Washington D.C.; and Grandmaster in Hollywood. Produced by Gil Norton, the album was released in May 1997. It went to #10 on the Billboard 200 Albums chart and has been certified Platinum by the Recording Industry Association of America. Three singles were released from the LP.
Foo Fighters is an American rock band formed in Seattle in 1994 by former Nirvana drummer Dave Grohl. It started as a one-man band project for Grohl after the dissolution of Nirvana following the death of Curt Cobain. “Foo Fighter” is a nickname for UFOs coined by Allied WWII aircraft pilots. The band has released 10 studio albums, five live albums, 10 EPs and 57 singles. They have won one American Music Award, five Brit Awards, 15 Grammy Awards and three MTV Video Music Awards. They were inducted into the Rock and Roll Hall of Fame in 2021. Eight members have passed through the band since its inception. We at RBN are saddened by the recent death of Foo Fighters drummer Taylor Hawkins and extend our sympathies to his family, friends and fans. Foo Fighters have canceled all upcoming tour dates and the future of the band is unknown at this time.