Amin H. Nasser, CEO of Saudi Aramco, made some comments on Tuesday about the global energy crisis, peak prices and oil demand.
Featured Comments
Taxing companies when you want them to increase production is not helpful.
The surge in oil and gas investments this year is too small, too late and too short-term.
The response to the global energy crisis so far shows a profound misunderstanding of how we got there.
Limiting the energy bill can help consumers in the short term, but it is not a long-term solution.
Even with strong headwinds, global oil demand is still pretty healthy today.
The real causes of energy insecurity are the lack of investment in oil and gas, the absence of alternatives and the lack of a support plan.
When the global economy recovers, demand can be expected to rebound further, wiping out what little oil production capacity there is.
Even if the conflict in Ukraine ended today, the energy crisis would not end.
Source: Fx Street
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