Kerry to industry “read the tea leaves.” Industry to Kerry “you need us.”

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OIL From the Washington Examiner, Daily on Energy: KERRY AT CERAWEEK: President Biden’s climate envoy John Kerry warned oil and gas executives today to “read the tea leaves” and reorient their businesses away from fossil fuels. “There are some companies moving more aggressively to make that transition,” Kerry said during a virtual appearance at CERAWeek by IHS Markit, the world’s … read more

Clash of the Titans at CERA week. Survey says: Americans want domestic mining.

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OIL: Big Oil Clashes Over Fossil Fuel FutureCharles Kennedy, OilPrice.Com, March 2, 2021 Executives from major oil companies clashed over the prospects of oil and gas for the future at the first virtual edition of the CERAWeek conference in Houston. While BP’s Bernard Looney and Shell’s Ben van Beurden boasted about their shift away from their core business and into … read more

Oil: Demand up, supply down. LNG global growth. China’s grip on supply chain.

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OIL: Oil executives say demand will rise, despite emphasis on renewablesJessica Resnik-Ault, Yahoo Finance, March 1, 2021 Oil demand is expected to rise over the next decade and the fossil fuel will remain to be a crucial part of the energy mix, even as renewables draw increasing attention, Hess Corp Chief Executive John Hess said at CERAWeek on Monday. At … read more