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Lynn098
2021-12-07

With the dearth of investigation in oil and gas explosion, expect oil price to continue rising

Oil CEOs clash with U.S. Energy Dept official over energy transition

HOUSTON, Dec 7 (Reuters) - Top energy executives this week urged a more cautious transition of energ

Oil CEOs clash with U.S. Energy Dept official over energy transition

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The verbal skirmish occurred at a time when oil demand has recovered sharply from a collapse during the coronavirus pandemic even as world governments have stressed the urgency of addressing climate change.</p>\n<p>\"The volatility in commodity prices and the impact on business and people,\" said Equinor ASA Chief Executive Anders Opedal, \"illustrates the risks we face in an imbalanced transition.\"</p>\n<p>U.S. deputy Energy secretary David Turk pushed back against the industry position, saying addressing climate cannot be put on the back burner.</p>\n<p>\"There is not an alternative to stepping up and fixing the threat to climate change,\" he said to an audience in a largely empty hall.</p>\n<p>Consumers in Asia and Europe have been dealing with shortages of natural gas, coal and power due to production declines that pushed prices to multi-year highs. 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It’s not,\" said Nasser. \"Energy security, economic development and affordability are clearly not receiving enough attention.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVX":"雪佛龙","XOM":"埃克森美孚"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125931292","content_text":"HOUSTON, Dec 7 (Reuters) - Top energy executives this week urged a more cautious transition of energy policy away from oil and gas, but a U.S. Energy Department official said the industry has a moral obligation to address climate change and the economic opportunity it represents.\nExecutives from Saudi Aramco, Exxon Mobil and Chevron, speaking at the World Petroleum Congress in Houston on Monday, blamed demand for renewables and lack of investment in fossil fuels for recent fuel shortages and price volatility.\nThe conference was marked by withdrawals of top energy ministers over travel restrictions and concerns over the Coronavirus. 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