Biden SOTU: Oil Demand Will Last For At Least A Decade ...Middle East

Economy by : (OILPRICE) -
In a rather surprising comment during the State of the Union Speech Tuesday night, U.S. President Joe Biden admitted that the world would still need oil and gas “for at least another decade,” adding “and beyond that.” The acknowledgment surprised some followers and even elicited boos and hearty laughs from some in the crowd, although most in the oil and gas industry have long maintained that they will be needed for many years to come. Others in the oil and gas industry could consider his acknowledgment as going not far enough,…

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