Commodity Research Group (CRG) is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct hedging strategies.
In this podcast, oil market expert Andrew Lebow talks with author Amy Jaffe about her new book, Energy’s Digital Future: Harnessing Innovation for American Resilience and National Security.
About the Experts
Amy Myers Jaffe
Amy Myers Jaffe is Research Professor and Managing Director of the Climate Policy Lab. She was formerly the David M. Rubenstein Senior Fellow for Energy and the Environment and Director of the Program on Energy Security and Climate Change at the Council on Foreign Relations.
A leading expert on global energy policy and sustainability, Jaffe previously served as senior advisor for sustainability at the Office of the Chief Investment Officer at the University of California, Regents and as executive director for energy and sustainability at University of California, Davis where she led research on low or zero carbon fuels and transportation policy. Jaffe has taught energy policy, business, and sustainability courses at Rice University, University of California, Davis, and Yale University. Jaffe is widely published, including as co-author of Oil, Dollars, Debt and Crises: The Global Curse of Black Gold, with Mahmoud El-Gamal.
Her book Energy’s Digital Future: Harnessing Innovation for American Resilience and National Security will be published by Columbia University Press in 2021.
She is chair of the steering committee of the Women in Energy Initiative at Columbia University’s Center on Global Energy policy.
A frequent media commentator, Jaffe serves on the leadership council of the U.S. Association of Energy Economics and holds a Senior Fellow award from that organization for her career contributions to the field of energy economics.
Jaffe is a member of the Global Future Council on Net Zero Transition at the World Economic Forum (Davos).
Andrew Lebow has been involved in the energy derivative area since 1980. He began his career with Shearson Lehman Brothers where he worked in the initial formulation and marketing of the NYMEX WTI crude contract in 1983 as well as the NYMEX gasoline contract in 1985.
Mr. Lebow has appeared before the State Government of Alaska as well as the State Department of Defense to discuss hedging techniques. Mr. Lebow is also well known as a market analyst and is quoted frequently in the financial press. He has appeared on television on CNBC, NBC, CNN, CBS, and PBS. Mr. Lebow holds a BA from Lafayette College and an MBA from the Kellogg School of Management at Northwestern University
Jim Colburn is a futures and options professional with 30 years of wide ranging experience in commodity markets. For much of his career, at Man Financial (1989-2011) and Jefferies LLC (2012-2013), Mr. Colburn worked with major integrated oil companies, hedge funds, pension funds and other entities to develop market hedging and trading strategies.
He has conducted trading, hedging and risk management workshops in energy markets worldwide.
Mr. Colburn is a published author on options trading, hedging, market making and risk management. In 1986, while at the New York Mercantile Exchange, Mr. Colburn helped develop new markets in energy option contracts by educating the oil industry, banks, floor traders and brokers, worldwide.
Andy Lebow: Hi, this is Andy Lebow of Commodity Research Group. We are thrilled to have as our guest today on the podcast one of the real stars of the energy field, Amy Jaffe. Amy is currently a research professor at the Fletcher School at Tufts University. During her long distinguished career in both the public and private sectors, she has become known as a leading expert on global energy policy, energy sustainability, and geopolitics. Amy has a new book out entitled Energy’s Digital Future: Harnessing Innovation for American Resilience and National Security, available on Amazon and Barnes and Noble. Amy, thanks so much for joining us and congratulations on the book.
Amy Jaffe: Great to be here with you, Andy.
Andy Lebow: Amy, I love the book. Any book that could take you on a journey from Henry Ford to Elon Musk is well worth the trip. I have to tell you, for anyone who’s interested in where we were, where we are, and where we’re going in the energy space, I would really urge you to read this book. Amy, you focused on a number of themes in the book. You talk about energy innovation, energy transition, and the geopolitical consequences of the new digital energy world. And we’re going to talk about all these themes during the podcast. But let’s start in the past. In the book you describe a real opportunity missed at the dawn of the gasoline age. Tell us about the incredibly interesting and really little known story of Thomas Edison and Henry Ford.
Andy Lebow: Amy, you know what? On that note, we have reached the end of our podcast. Again, I want to say that the book is terrific. The name of the book is Energy’s Digital Future by Amy Jaffe. It’s available on Amazon and Barnes and Noble. And of course, Commodity Research Group can be reached on commodityresearchgroup.com, and Jim and I will be having our usual fundamental discussion coming up. Amy, I really can’t thank you enough. This has been a great discussion, and you’ve given our listeners a lot to think about. So again, thank you very much.
Amy Jaffe: Thanks for having me.