Webinar Replay: Lessons Learned from the 1973 Oil Embargo and How It Applies to Today

Josh Martin and Dan Pickering host a discussion with Dr. Jim Krane to explore the lessons that can be learned from the 1973 oil embargo and how those lessons might be relevant in today's complex geopolitical environment.

In this webinar, Dan Pickering, CIO of Pickering Energy Partners, and Josh Martin, Managing Director of the Research team at Pickering Energy Partners, hosted a discussion with Dr. Jim Krane, an expert in Energy Studies at Rice University's Baker Institute. Together, they explored the lessons that can be learned from the 1973 oil embargo and how those lessons might be relevant in today's complex geopolitical environment. They had a conversation about the broader perspective on oil and the impacts of recent political and military events in the Middle East on the world.

In addition, Dr. Krane recently organized a conference on this subject, which featured prominent figures such as His Royal Highness Prince Turki Al Faisal Al Saud, a former Saudi Arabian ambassador to the United States, and the Honorable James A. Baker, III, who serves as the honorary chair of the Baker Institute and is a former secretary of state. The conference also included other former policymakers, industry leaders, and academics.


Webinar Participants

Jim Krane, Ph.D. | Wallace S. Wilson Fellow for Energy Studies, Baker Institute for Public Policy at Rice University
Jim Krane, Ph.D., is the Wallace S. Wilson Fellow for Energy Studies at Rice University’s Baker Institute for Public Policy in Houston. He specializes in energy geopolitics, with a focus on oil-exporting countries and the challenges they face from energy subsidies, internal demand and climate change. He teaches classes on energy policy and geopolitics at Rice University.

Krane's scholarly articles have been published in Nature Energy, Energy Policy, Energy Journal, Georgetown Journal of International Affairs, MRS Energy and Sustainability, the British Journal of Middle Eastern Studies and the Bulletin of the Atomic Scientists as well as numerous edited volumes.

He is the author of two books. His acclaimed 2009 volume “City of Gold: Dubai and the Dream of Capitalism” is widely recognized as the seminal work on the iconoclastic city-state, while his award-winning 2019 book “Energy Kingdoms: Oil and Political Survival in the Persian Gulf” is the definitive study of energy demand in the Gulf region.

Krane spent nearly 20 years as a journalist, six of them in the Middle East. He was a longtime correspondent for the Associated Press based in Dubai, Baghdad and New York, and has written for myriad other publications including the Washington Post, Wall Street Journal, Financial Times and the Economist Intelligence Unit. He is the winner of several journalism awards including the 2003 AP Managing Editors Deadline Reporting Award, received for his coverage of Saddam Hussein’s capture in Iraq. Krane received his Ph.D. from the University of Cambridge, master’s from Columbia University and bachelor’s from City College of New York.

Dan Pickering | Chief Investment Officer, Pickering Energy Partners
Dan Pickering is the Founder and currently serves as the Chief Investment Officer of Pickering Energy Partners.

Pickering has previously served as the President of Tudor, Pickering, Holt & Co. (TPH), and Chief Investment Officer of TPH Investment Management. He has spent 30 years as an Energy Portfolio Manager, Researcher, and Analyst, first at Fidelity Investments (where he managed ~$1 billion of energy sector funds), then as Head of Research at Simmons & Company and as the founding partner of Tudor, Pickering, Holt & Co.

Pickering also sits on the Board of Trustees for Texas Children’s Hospital and the Texas Children’s Hospital Foundation, as well as the Advisory Board of Capital Creek Partners, Midway Companies, the Houston CFA Society, Dynamo Energy Hub and the Energy ESG Council.

Josh Martin | Managing Director, Pickering Energy Partners
Josh Martin serves as Managing Director for Pickering Energy Partner’s (PEP) Research team.

Prior to PEP, he served in the Institutional Sales and Capital Markets department at Heikkinen Energy Advisors. Prior to joining the firm, he worked for 9 years at Tudor, Pickering, Holt & Co with responsibilities in their Institutional Sales and Capital Markets departments after working as an Equity Trader.

He holds a BA in International Studies from the University of St. Thomas. He holds Series 7, 55, 63, & 79 licenses.


Disclaimer

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