Across the world, politicians are grappling with the reality of expensive energy Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future “Our products make the world run.” This is what Chevron’s chief executive Mike Wirth said at this week’s World Petroleum Congress in Houston. The statement echoed a sentiment expressed by other oil executives attending the event—oil and gas are indispensable and will continue to be indispensable for the observable future and beyond it. This is not something that a lot of people want to hear. It is certainly not what environmentalist organizations want to hear. It is certainly not what the Biden administration and the EU want to hear. Yet, it appears to reflect a hard […]