Hey, speaking of idiots in Big Oil. The CEO of Chevron stepped to the plate today and opined that high gasoline prices will make reduce our dependence on fossil fuels through alternative fuels, hybrids, electric vehicles and high fuel efficiency less tenable to the American people. As if high gasoline prices are going to ensure them to continuing to pay out the nose to subsidize Big Oil's record breaking profits out of sheer loyalty.

Chevron CEO: Record Gasoline Prices Could Limit Support For Green Energy

Record-high fuel prices in many countries could erode public support for an energy transition as consumers have started to identify the high prices with the green energy push, according to Chevron’s CEO Mike Wirth.


“One of the things I worry the most about is a period of high prices that voters begin to identify with energy transition ambitions,” Wirth said this week as carried by Reuters.


The accelerated timelines for renewable energy sources in response to governments’ ambitions to eliminate dependence on Russian energy amid the ongoing net-zero efforts could have an unintended consequence of lifting prices and slowing the transition, the chief executive of the U.S. oil and gas supermajor said.


“That can erode the public support that will be necessary for the energy transition,” Wirth said. “There is a bit of a paradox that I observe.”


The world needs policies to cut emissions, not restrict oil and gas production until it becomes self-sufficient in renewable energy, according to Wirth.
https://oilprice.com/Latest-Energy-N...CCxLWCmTGcs2vo