US Secretary of Energy Chris Wright at CERAWeek
Oil and gas industry beats demand drum
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
To mark the start of CERAWeek by S&P Global, executives from across the global energy supply chain came together in Houston, Texas to set the record straight—that oil and gas are here to stay. “We need more energy—lots more energy,” said Chris Wright, US Secretary of Energy, in his opening comments, referring to growing global demand. He noted that energy users in the US require “an average of 13bl of oil per person per year… [while] Africans average less than 1bl”. His message was unequivocal: energy and economic progress go hand in hand. Wright firmly confirmed that gas is here to stay. “There is no physical way that wind and solar could replace the myriad of uses of natural gas,” he
Also in this section
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
