*Note: This talk will be presented remotely via Zoom and on the Energy Institute's YouTube channel. See access details after the bio.
Bio: Vincent Kaminski has been a Professor in the Practice of Energy Management since 2007. His corporate career included the most recent positions of managing director for Citigroup Commodities, Sempra Energy Trading, Citadel Investment Group and Enron Corporation; and was VP of Salomon Brothers. His academic career includes teaching at Main School of Planning and Statistics in Warsaw, Poland and the University of Port Harcourt in Port Harcourt, Nigeria. He received his MS in international economics and his PhD in economic theory at the Main School of Planning and Statistics, and his MBA at Fordham University.
Abstract: The global pandemic has had a profound impact on the energy industry. The available statistical data make it difficult to assess the full scale and persistence of the shocks to which the industry was exposed but it is obvious at this point that the impacts will be significant. The pandemic is likely to accelerate and reinforce the incipient social and economic trends which will translate into reduction, or slower rate of growth, of demand for energy commodities (for example, work at home, changing consumption patterns). The industry has to rethink the approach to risk management, with reduced emphasis on short-term measures of risk (for example, value-at-risk) and pay more attention to the long-term changes in the market structure and rapidly changing social attitudes.
Note: This talk will be presented remotely via Zoom Webinar and on the Energy Institute's YouTube channel. If using Zoom, viewers must register for an account with Zoom and log in to Zoom using that registration in order to use the meeting link and participate. Faculty, students and staff of UT, please use your personal UT Zoom account.
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