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Political stance can determine oil demand towards 2030

CEO of Chevron, who bought Hess in a major deal, says IEA’s prediction about the demand for oil peaking in 2030 is not even ”remotely right.”
Mike Wirth, CEO of Chevron, which on Monday announced a massive USD 53bn acquisition of competitor Hess, dismisses that oil demand will peak by 2030. | Photo: Brendan Mcdermid
Mike Wirth, CEO of Chevron, which on Monday announced a massive USD 53bn acquisition of competitor Hess, dismisses that oil demand will peak by 2030. | Photo: Brendan Mcdermid
by DAG HOLMSTAD

It’s entirely up to the politicians and countries of this world to decide whether oil demand over the next seven years will rise or fall.

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