Dave Cannelongo

Panelist Profile

Session: ​The Global Energy Economy: The Events and Policies Driving Production, Supply, and Distribution

The impacts of supply and demand fundamentals have never been more apparent than over the past two years – a price war preceding an enduring global pandemic, followed closely by a war in Ukraine has intensified an already complicated regulatory and political environment.  Storage inventories persist at all-time lows globally, providing an opportunity for the United States to accelerate production and meet global energy demand.  Yet gridlocks in permitting, supply chain issues and employee retention create real barriers to production increases. What does the coming winter mean for US energy supply, and how does the lack of a national policy influence our production and storage?  Is it possible for the US to meet its own energy needs while also meaningfully contributing to global supply?  What will it take to achieve a more stable global energy market, and what strategic role can Colorado play in our success?

 Senior Vice President,
​Liquids Marketing & Transportation 
Antero Resources

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About Dave Cannelongo

David A. Cannelongo, Senior Vice President of Liquids Marketing & Transportation, previously served as Vice President of Liquids Marketing and Transportation from December 2018 to March of 2022. Prior to 2018, Mr. Cannelongo served the company in roles as Director and Manager of Oil and NGL Marketing since 2014. Before joining Antero, Mr. Cannelongo worked for Marathon Petroleum Corporation from 2004 to 2014 in various refined products marketing, biofuels, asset optimization and crude trading roles of increasing responsibility. Mr. Cannelongo earned his BSBA in Marketing and Finance from The Ohio State University and holds an MBA from Bowling Green State University.

Panelist Profile | Q&A with Dave

​Please provide additional resources (readings, articles, links, etc.) for your session topic.  
Oh my, where to begin.  There are literally so many articles everyday.  I’ll keep a lookout and send any in the coming weeks that would be really helpful.  Here’s just a few from my inbox today:
https://www.enr.com/articles/54438-us-lng-export-projects-ramp-up-in-gap-of-closed-freeport-site-in-texas
https://www.wsj.com/articles/a-humbled-biden-goes-to-saudi-arabia-riyadh-mohammed-bin-salman-oil-security-nuclear-weapons-iran-israel-putin-opec-11657723094
https://www.nytimes.com/2022/07/15/business/economy/germany-russia-natural-gas.html
 
Why do you think your panel topic is critical in the oil and natural gas industry at this time? 
The ability to export US NGLs and natural gas has a direct link to the underlying price of US domestic prices that producers receive and thus the resulting economic support for increased drilling and investment in infrastructure to get those products to market.  Also for the globe to progress in reducing carbon emissions and improving quality of living standards and health impacts (burning wood/biomass results in millions of deaths annually around the globe due to lung disease), NGLs and LNG are critical to achieving these goals.  A number of dynamics from government regulation, investor sentiment, pandemic impacts, etc. are all impacting the ability of the US and global producers to achieve what the market ultimately demands.
 
How would you recommend that someone stays current on these issues, if they are interested or want to know more? 
I’d say start with reading RBN’s free daily blog to learn about a wide array of industry topics.  I’d then suggest looking at company presentations and ESG materials from the likes of Enterprise Products, Antero Resources, and EQT.  There are a number of 3rd party services that can be subscribed to as well such as Platts, Energy Aspects, Natural Gas Intelligence, etc.
 
Any great books or binge-worthy shows to recommend? 
Netflix: Formula 1 – Drive to Survive
 
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