Oil prices have risen nearly +40% in the past year but are also down almost -10% from their July highs. What changed?
Join us for a special discussion between Samir Madani, co-founder of oil-data tracker TankerTrackers.com and Hedgeye Senior Energy Policy analyst Joe McMonigle for an analysis of the major developments impacting global oil markets.
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TankerTrackers.com is an independent online subscription service that tracks and reports shipments and storage of crude oil in several geographical and geopolitical areas of interest. Partnering with leading satellite and maritime tracking technology companies, the firm is able to provide an analysis of ongoing events, maritime export reports, inventory/production forecasts, and satellite visuals wherever clandestine activity is taking place. TankerTrackers.com’s research provides oil traders, investors, journalists, scholars, enthusiasts and many more with a simple and digestible bird's eye view of what's going on in the world of oil.
ABOUT JOE MCMONIGLE
Joseph McMonigle serves as Senior Energy Policy Analyst at Hedgeye Potomac Research and is president and co-founder of The Abraham Group LLC, an international strategic consulting firm focused on the energy sector and based in Washington, D.C.
Mr. McMonigle is the former Vice Chairman of the Paris-based International Energy Agency, an international organization of oil consuming countries, whose core mission is to work for stable energy markets and respond with joint measures to meet oil supply emergencies. He also served concurrently as U.S. Representative to the IEA (2003-2005). In addition, Mr. McMonigle served as Chief of Staff at the U.S. Department of Energy, a cabinet department with a $23 billion budget and over 100,000 federal and contractor employees (2001-2005). Mr. McMonigle also served as the American co-chair of the U.S.-China Energy Cooperation Working Group and led DOE’s bilateral activities and engagement with China.
Before joining the Bush Administration, Mr. McMonigle was the administrative assistant and general counsel to a United States Senator. He is also an attorney and member of the Energy Bar Association as well as the Pennsylvania and District of Columbia bars.