How are physical and futures markets converging? What are the implications of increased U.S. reliance on LNG? How should the U.S. create and regulate a carbon trading regime? Moderator: Ken Markowitz, Senior Counsel, Akin Gump Strauss Hauer & Feld LLP • John Moot, Partner, Skadden, Arps, Slate, Meagher & Flom, LLP; former Chief of Staff and former General Counsel, Federal Energy Regulatory Commission • G. Philip Nowak, Partner, Akin Gump Strauss Hauer & Feld, LLP • Bruce Kiely, Partner, Baker Botts, LLP • Jeff King, Global Carbon Trading, Credit-Suisse