i m going to be discussing all of that with these two, there they are, dr ulrich hoppe, the director general of the german british chamber of industry and commerce. and helima croft, a member of america s national petroleum council, which advises the us energy secretary on strategy. also on the show, the big boss of the middle east s oldest privately held oil and gas company, crescent petroleum, joins me to talk about those skyrocketing prices, energy supply and the impact of the war in ukraine. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. you know, they war between russia and ukraine is about to enter its sixth month. the human suffering on the ground has been massive and the economic consequences of the war and the sanctions imposed on russia, are spreading around the world. nowhere is it as stark as the oil and gas industry. vladimir putin s invasion of ukraine is causing energy prices to skyrocket around the worl
an energy emergency? energy companies across the continent warn of higher prices. limited rationing is already under way in germany as the supply from russia starts to drop off. in america, they ve released more oil to the market but is it enough to keep us all going? with more sanctions and cold weather on the way, are we looking at a perfect storm for the energy market? i m going to be discussing all of that with these two, there they are, dr ulrich hoppe, the director general of the german british chamber of industry and commerce. and helima croft, a member of america s national petroleum council, which advises the us energy secretary on strategy. also on the show, the big boss of the middle east s oldest privately held oil and gas company, crescent petroleum, joins me to talk about those skyrocketing prices, energy supply and the impact of the war in ukraine. wherever you rejoining me from around the world once again a big hello and a warm welcome to the show. you know, t
talked about what has been thus far but also talked what is to come. what is to come. here s the quote, clark decided - it s like a movie. you know, like mussolini or something. yeah. sort of like al haig. no disrespect. you got to know whether you re a utility, infielder or cleanup like the justice department. he decided they re going to take over the justice department. they re going to wipe out everything. and trump. they call in rosen is it donahue yeah. some of these characters, like him and the other guy who said i don t want to hear two words out of you. we always talk about who should play these characters in the movie? who do you think? these guys should play the characters in the movie. listen to this, clark, i ve done a lot of very complicated environmental litigation, sir. donoghue, that s right, you re an environmental office, how about you go back to your office and we ll call you when there s an oil spill. makes a good point. b
Institute, the association that represents all u. S. Investorowned electric companies. Im addressing you today in my role as one of three cochairs of the electricity subsector coordinating council. We collaborate closely with power utilities and cooperatives on the escc. Im please today address the subcommittee and to share the steps the electric power is taking, allowing us to continue to deliver affordable and reliable power. The 2017 Hurricane Season highlights the critical importance of cooperation and coordination among Utility Companies, the government and other key infrastructure industry to assure fast, efficient recovery for customers. The electric sector faces constantly evolving threats to the energy grid. The industries Risk Mitigation strategy emphasizes a defense in debt approach. We focus on preparation, response and recovery with emphasis isolation of and enhanced protection of critical asset. While this hearing is focused on storm response and recovery, our companies d
Okay, second panel. Yall ready . And just like before, start out with Opening Statements from all the panelists followed by questions from members and i recognize thomas fanning. President and ceo of Southern Company. Hes here on behalf of electricity sub sector counsel. Tom, you have five minutes for your opening statement. Microphone please. Thank you. Thank you for inviting me to testify today. My name is tom fanning. I am the chairman, president , and ceo of Southern Company and past chairman of the Edison Electric institute, the association that represents all the u. S. Investorowned electric companies. Im addressing you today as my role as one of three cochairs of the counsel. We collaborate closely with our colleagues from public power utilities and rural cooperatives on escc. Im pleased to address the subcommittee and to chair the steps the electric Power Industry is taking to make Energy Infrastructure smarter and more resilient. Allowing us to continue delivering affordable a