Energy Transition Faces Challenges as Oil Demand Remains Strong
The shift from fossil fuels to renewable energy sources, often called the energy transition, is proving to be more challenging than many had hoped.
The shift from fossil fuels to renewable energy sources, often called the energy transition, is proving to be more challenging than many had hoped.
Chevron recently made headlines by starting oil production from a field with extreme pressure levels — 20,000 pounds per square inch (psi), which is three times higher than what was previously possible. This breakthrough could open up access to up to 5 billion barrels of oil that were previously out of reach.
In a recent interview with Donald Trump on X, Elon Musk, CEO of Tesla and a well-known advocate for renewable energy, made an important point about the oil and gas industry.
On April 8, 2024, as the spectacle of a total solar eclipse unfolds, drawing the attention of spectators worldwide, it offers more than just a moment of awe-inspiring wonder.
Having immersed myself in the world of strategic investments for years as well as being part of the oil and gas industry for many years, I have been able to gain a solid perspective on this unique asset class.