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The first time I meet Lynn Good, she's tucked behind a set of doors with her bags, calmly waiting for the hotel's fire alarms to stop bleating.

She's at Fortune's Most Powerful Women Summit in California to speak, even though, she says, "I don't think of myself as a powerful woman."

It occurs to me later that the unexpected run-in is a fitting introduction to a woman whose corporate ascent has been marked by some emergency detours.

"There's nothing about Lynn Good at age 30 or age 35 that would have said, 'I am setting my sights on being a CEO,' " she says.

But at age 55, she is — at Duke Energy, the nation's largest utility, based on market value. Good's now a leader in a sector where female executives are still a rarity. And she's become the face of the company while it's grappling with some very public challenges.

'I Don't Even Think About It'

Good, the daughter of two educators, grew up in Ohio. It was her father, a math teacher, who encouraged her to take an unconventional path for women, she says.

"He actually sat with me on the college catalog and helped me pick something that was the equivalent of computer science," she says. "I had never programmed anything. I had never seen a computer when I went to college."

Good is used to being the lone woman. She was one of the first women in the Midwest to make partner at accounting firm Arthur Andersen.

"I've had plenty of mentors, but not many women [mentors]. So I'm generationally probably on the early part of the ascent of women into leadership roles," she says.

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Her two-decade career at Andersen came to an abrupt end after an obstruction-of-justice charge against the firm effectively shut it down in 2002.

Good found her footing, eventually becoming chief financial officer at Duke in 2009. Then, 15 months ago, her predecessor left as part of a settlement with regulators over the company's handling of a merger.

Now, as CEO, Good is surrounded by male peers.

"It doesn't make me uncomfortable. I don't even think about it, to be honest with you," she says.

But, she says she thinks women tend to focus on communication, relationships and connecting — and that that is proving an asset, because the spotlight is on her. "I become the face of the company, and that's a responsibility," Good says.

Tested By A Toxic Spill

Especially now, as Good deals with her latest challenge: a toxic spill of pollutants that happened just months after she took office. A burst pipe in North Carolina sent tens of thousands of tons of toxic coal ash waste into the Dan River — a source of drinking water for more than 50,000 people in southern Virginia.

The spill is Good's toughest test yet. The company faces a federal grand jury investigation and lawsuits seeking further pollution cleanup.

"I don't think Duke has ever had its reputation in North Carolina so damaged," says Frank Holleman, a senior attorney at the Southern Environmental Law Center, which is suing Duke Energy.

Holleman says Duke plays an outsized role in his community, providing power to almost all of North and South Carolina. He says Good — who is relatively unknown to the public — could make a name for herself and restore Duke's reputation.

"If she could get out front of this issue, make a definitive, clear decision, she could create an identity for herself and for her company very quickly," Holleman says.

But so far, he says, that hasn't happened. Last month, Duke Energy announced a $10 million fund that will be used to promote clean water across five states. Holleman calls the move both deeply underfunded and hypocritical.

"It was almost like, 'Physician, heal thyself.' It was an embarrassing public relations effort," he says.

Duke says it is cooperating with the ongoing federal grand jury investigation. And for her part, Good denies she's prioritized image — hers or Duke's — over dealing with the damage.

"My focus has been ensuring that Duke is doing the right thing, we have the right resources, we're making the right adjustments, we're addressing the issue," she says.

Good says her worst days on the job so far have come when she's felt Duke has been accused of wrongdoing.

"I think about trust and confidence as something that you earn every day, and we will keep at it, earning it every day," she says.

"And I hope that a year from now or two years from now, we're not talking at all about Dan River, but we're talking about the great service that Duke delivers to its customers and the commitment we have to the communities."

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To stop the raging Ebola epidemic in West Africa, "we need to pay attention to where the fire is burning."

That means there is no "magic solution," Jim Yong Kim, the head of the World Bank, told NPR's Steve Inskeep during an interview on Morning Edition. So appointing an Ebola czar to monitor the international response isn't going to suddenly stop the outbreak.

Neither will closing the borders between U.S. and the three hardest-hit countries: Guinea, Liberia and Sierra Leone.

To Kim, that's not a long-term solution: "It's like you're in your room and the house is on fire, and your approach is to put wet towels under the door. That might work for a while, but unless you put the fire out, you're still in trouble."

"The way to stop this epidemic from coming at an even higher level in the United States is actually try to stop it in its tracks," he says of the many U.S. health workers who have volunteered to go overseas.

He says what's most important is not only getting protocols in place in the United States but in the three hardest hit countries: Guinea, Liberia and Sierra Leone. That means quickly identifying cases and instituting a high level of infection control — not just standard precautions.

"We've got to have very high-quality protective equipment," he says. "When patients get sick we need to provide intensive care."

The good news, he says, is that leaders like President Obama and British Prime Minister David Cameron has stepped up in their aid. But the response has just been inadequate for an outbreak that dates back to December of last year. "We are only now getting comprehensive plans for how we are going to attack this epidemic," he says.

What's really missing are health workers, he says. "While we can move thing and build structures what we need are skilled health workers who can do all the complicated things you need to stop the epidemic."

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A Glimmer Of Hope: Nigeria May Have Beaten Ebola

Kim pointed to Nigeria to illustrate the level of intervention needed to stop the current outbreak. With the help of the Centers for Disease Control and Prevention and the World Health Organization, Nigeria was able to contain the outbreak, with 19 confirmed cases and only seven related deaths.

Still, "it cost them $13 million and more than 200 physicians [and] 600 other health workers," he says. "They had to do 19,000 home visits taking temperatures in order to get it control."

He acknowledges that with nearly 9,000 cases so far, there's a lot of work to be done. Yet he's confident that the international community will be able to stop Ebola — although he stresses that "we've got to move much more quickly."

Jim Yong Kim

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With oil around $85 a barrel and tumbling to its lowest levels in several years, here's the upside: Gasoline prices are down, the U.S. is feeling less dependent on foreign crude, and serious economic pressure is growing on oil producers such as Iran and Russia.

Here's the downside: The low demand for oil reflects a fragile global economy that's vulnerable to additional shocks, like falling stock markets around the world.

Oil is still a uniquely influential commodity. Whenever prices move sharply in either direction, they unleash ripples around the globe that are both economic and political.

"We've had a three-year period of very stable oil prices," Michael Levi of the Council on Foreign Relations told NPR's All Things Considered. "Three years is a long time. People were starting to believe that this was permanent. And they were wrong. So the big news is that volatility is back, that big swings are what we should expect."

With the prices down around 25 percent since hitting $112 a barrel in June, here's a roundup of the impact worldwide:

Political Turmoil, Falling Prices: Something strange is happening. Three key oil producers (Iraq, Libya and Nigeria) are mired in domestic turbulence, and Iran's oil exports have been dramatically reduced by international sanctions.

In years past, trouble in these countries might have instigated panic in the oil market, driving up prices dramatically. But today, there's plenty of oil to go around for several reasons. Production in the United States is surging, Saudi Arabia and other OPEC countries have continued to pump at high levels, and overall global demand is weak.

While these conditions may not last, they do reflect what's been the steady loss of clout among big oil producers, particularly those in the Middle East.

The U.S. is producing more of its own oil and is buying the remainder from a wide range of mostly stable countries. The leading foreign supplier is Canada. Middle Eastern nations account for just three of the top 10 exporters to the U.S., and they account for around 10 percent of U.S. oil needs.

Russia's Lukoil launched this oil field in western Siberia on Oct. 8. Russia is heavily dependent on its oil exports and is now facing financial problems as world oil prices drop sharply. The country is also facing Western economic sanctions. Olesya Astakhova /Reuters/Landov hide caption

itoggle caption Olesya Astakhova /Reuters/Landov

Russia And Iran: From the U.S. perspective, one of the benefits of falling oil prices is the pressure they place on Russia and Iran. Both countries are heavily dependent on oil exports at high prices. They face the double whammy of Western sanctions that are also biting.

Russia needs an oil price of $100 a barrel and Iran needs around $130 a barrel to balance their budgets, according to The Economist.

The financial hurt these countries are facing could have political implications.

Russia is at odds with the West over its annexation of Crimea and its ongoing role in Ukraine's turmoil. Russian President Vladimir Putin has consistently opted for confrontation, but the price for that position is getting steeper. Putin pushed back against a request for higher government spending this week, citing reduced government revenue from energy production.

"You know that energy prices have fallen as well as for some of our other traditional products," Putin said. "Due to that, would we not, on the contrary, reconsider the budget toward reducing some spending?"

Iran, meanwhile, is negotiating on its nuclear program with the international community and is also waging a proxy war with Saudi Arabia for power and influence throughout the Middle East.

This is one likely reason the Saudis have been willing to pump oil at high levels even though that's contributing to low prices. The Saudis publicly cite a business motive, saying they want to maintain their current share of the oil market. But the Saudis are also well aware that low prices mean less money for archrival Iran.

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Oil wells near McKittrick, Calif., one of the places where hydraulic fracturing, or fracking, is on the rise. The U.S. became the world's largest oil producer this year, surpassing Saudi Arabia and pumping some 11 million barrels a day. David McNew/Getty Images hide caption

itoggle caption David McNew/Getty Images

Oil wells near McKittrick, Calif., one of the places where hydraulic fracturing, or fracking, is on the rise. The U.S. became the world's largest oil producer this year, surpassing Saudi Arabia and pumping some 11 million barrels a day.

David McNew/Getty Images

U.S. Production: Despite soft demand, U.S. oil production is rising again this year due primarily to hydraulic fracturing, or fracking. The U.S., which became the world's largest natural gas producer in 2010, is now the world's largest oil producer this year, surpassing Saudi Arabia this year and pumping around 11 million barrels a day.

The average U.S. gas price is $3.17 a gallon this week, down around 15 percent since June, according to GasBuddy.com. The lower price at the pump effectively serves as a stimulus for consumers that can encourage increased spending to stimulate the economy.

"It's quite possible that Christmas shopping will be much better this year because consumers will be spending less for gasoline," economist Philip Verleger told NPR's Morning Edition.

While lower energy prices benefit most of the country, they could deliver a blow to oil-producing states like Texas, Oklahoma and North Dakota. If prices go down and stay down for an extended period, energy companies could cut back on production and investment.

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The Global Economy: Lower gas prices are a small consolation if accompanied by a sluggish world economy, and that's what many economists are forecasting. In Europe and Asia, most of the major economies have low or slow growth compared with recent years.

China and India, which were gulping down imported oil as their economies raced ahead, have both seen slowdowns. The lower oil prices will help keep their manufacturing and transportation costs down, but that alone is not enough if the rest of the world is less interested in buying their exports.

Of course, oil prices could reverse direction swiftly and dramatically, as they have many times in the past. Small shifts in world oil production, currently around 92 million barrels a day, often lead to major swings in prices. If, for example, Saudi Arabia chose to cut production, or the fighting in Iraq shut down its oil fields, prices could head north in a hurry, according to analysts.

Greg Myre is the international editor of NPR.org. You can follow him @gregmyre1.

oil prices

The dustiest portion of my home library includes the 1980s books — about how Japan's economy would dominate the world.

And then there are the 1990s books — about how the Y2K computer glitch would end the modern era.

Go up one more shelf for the late 2000s books — about oil "peaking." The authors claimed global oil production was reaching a peak and would soon decline, causing economic chaos.

The titles include Peak Oil and the Second Great Depression, Peak Oil Survival and When Oil Peaked.

When those books were written, worldwide oil drillers were producing about 85 million barrels a day. Now they are pumping about 93 million barrels.

NPR/U.S. Energy Information Adminstration

Despite growing violence in the Middle East, oil supplies just keep rising.

At the same time, the growth rate for demand has been shrinking. This week, the International Energy Agency cut its forecast for oil-demand growth for this year and next. Turns out, oil demand growth — not production — is what appears to have peaked.

Now prices are plunging, down around 25 percent since June.

What did the forecasters get so wrong? In large measure, their mistake was in failing to appreciate the impact of a relatively new technology, hydraulic fracturing, or fracking.

Because of fracking, oil is being extracted from shale formations in Texas and North Dakota. Production has shot up so quickly in those areas that the United States is now the world's largest source of oil and natural gas liquids, overtaking Saudi Arabia and Russia.

This new competition has shocked OPEC. Members say they want to maintain their current market share, so they are keeping up production and even boosting it.

Bottom line: The peak of production is nowhere on the horizon.

So are the authors of "peaking" books now slapping themselves in the head and admitting they had it all wrong?

Some are, at least a bit.

Energy analyst Chris Nelder wrote a book in 2008 titled Profit from the Peak. The cover's inside flap said: "There is no doubt that oil production will peak, if it hasn't already, and that all other fossil fuels will peak soon after."

In a phone discussion about his prediction, Nelder said "my expectation has not materialized."

The surge in oil production in Texas and North Dakota "has really surprised everyone," he said. "If you had told me five years ago we'd be producing more oil today, I would have said, 'No way.' I did not believe at all that this would happen."

But while he acknowledges that oil has not peaked yet, he says it might soon because "oil is trapped on a narrow ledge" where it must stand on stable prices. Holding the price of a barrel steady around $110 for years allows energy companies to invest in fracking operations.

Over the past three years, those are exactly the conditions drillers have enjoyed. Oil was sitting pretty on a stable plateau of roughly $110 a barrel. But now, as global growth slows, the price is plunging, down to around $83 per barrel.

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"China is cooling off quite a bit. Much of Europe is slipping back towards recession," Nelder said. If oil prices stay low for long, frackers may need to stand down. "There is a lower level [in price] where they just can't make money," he said.

And with OPEC pumping so much oil now to hold down prices, maybe they are using up their supplies more quickly. "Depletion never sleeps," he said.

So perhaps Nelder has been wrong so far, but could be right before too long.

That's what Kenneth Worth thinks. He's the author of Peak Oil and the Second Great Depression, a 2010 book. He says the fracking boom has been so frenzied in this decade that drillers may have extracted the cheapest oil already. With fracking, oil supplies "deplete very rapidly. You have to keep drilling really fast," he said.

With prices now so low, the money to keep up the frenzy may not be there.

So maybe the "peaking" predictions weren't wrong, just premature. Then again, at some point, any forecast can turn out to be right, he says. "If you take enough of a timeline, eventually we're all dead," Worth noted.

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