{"id":78886,"date":"2023-10-24T08:11:35","date_gmt":"2023-10-24T15:11:35","guid":{"rendered":"https:\/\/covestreetcapital.com\/?p=78886"},"modified":"2023-10-24T08:14:58","modified_gmt":"2023-10-24T15:14:58","slug":"billion-opinion-chevron-ceo","status":"publish","type":"post","link":"https:\/\/covestreetcapital.com\/billion-opinion-chevron-ceo\/","title":{"rendered":"A $55 Billion Opinion: Chevron CEO"},"content":{"rendered":"<p>The International Energy Agency has forecasted that demand for fossil fuels will peak before 2030.<\/p>\n<p>\u201cI don\u2019t think they\u2019re remotely right\u2009.\u2009.\u2009.\u2009You can build scenarios, but we live in the real world, and have to allocate capital to meet real world demands,\u201d he said of the IEA\u2019s projection in an interview with the FT.<\/p>\n<p>If oil demand remains high into the next decade, as Wirth predicts, the deal could cement Chevron\u2019s status in holding the levers of production. That\u2019s a valuable position, even if today\u2019s flaring geopolitical crises cool down.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Energy Agency has forecasted that demand for fossil fuels will peak before 2030. \u201cI don\u2019t think they\u2019re remotely right\u2009.\u2009.\u2009.\u2009You can build scenarios, but we live in the real world, and have to allocate capital to meet real world demands,\u201d he said of the IEA\u2019s projection in an interview with the FT. If oil [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9542,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[101,79,31],"tags":[],"class_list":["post-78886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics-at-large","category-stock-ideas","category-thoughts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A $55 Billion Opinion: Chevron CEO &#8212; Cove Street Capital<\/title>\n<meta name=\"description\" content=\"Cove Street Capital &#8212; A $55 Billion Opinion: Chevron CEO &#8212; International Energy Agency has forecasted that demand for fossil fuels will peak before 2030.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/covestreetcapital.com\/billion-opinion-chevron-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A $55 Billion Opinion: Chevron CEO &#8212; 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