Chevron CEO Rejects Predictions of an Oil Demand Collapse ...Middle East

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Chevron CEO Rejects Predictions of an Oil Demand Collapse
source : OILPRICE ( Middle East ) () 87
Crude oil will continue to be in demand for a very long time yet, the chief executive of Chevron, Mike Wirth, told the New York Times in an interview.  Asked about his take on International Energy Agency predictions of peak oil demand, Wirth said that “First of all, the I.E.A. has not always been right, historically, on things, and it wouldn’t be surprising if the I.E.A. is not right about this.” “Even if they are, once oil demand reaches a level where it’s no longer growing, it’s unlikely to drop off quickly.…

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