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uranium-pinto-beans

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Re: uranium-pinto-beans post# 355673

Friday, 12/02/2022 7:21:12 AM

Friday, December 02, 2022 7:21:12 AM

Post# of 364384
Chevron CEO Michael Wirth CNBC interview (162.49)
Mr. Wirth said:

Lease sales have been at a much lower rate than historical averages and that is impacting production of oil.
He doesn't know where the "9000 permits" number comes from that White House cites.
The company is still growing production and is confident that oil drilling will still be happening in 2050.
Oil market can move in either direction, its very unpredictable.
Oil companies try to mitigate volatility.
He doesn't know what OPEC+ will decide on Sunday.
Venezuela deal will provide more oil to Gulf Coast.
China demand for oil is clearly lower.

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