Page 9 - Chris Wheaton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oil and gas production. joining me now is chris wheaton, managing director, stifel investment bank. good to talk to you again. interesting how everything is shifting, isn't it, in terms of where and how we get our energy and energy security. give us your take on this news from shell? i your take on this news from shell? ~' your take on this news from shell? ~ , ., ., shell? i think it is part of a continuing _ shell? i think it is part of a continuing evolution - continuing evolution particulars we've seen in the last few month given all the terrible events and ukraine, and all of the above st...

We need at the moment, i think if we want to move towards a future that is very much electrified on renewables, we are going to have to have fossil fuels are going to have to have fossilfuels remaining are going to have to have fossil fuels remaining as a stepping stone towards that and i think what we have seen in caps a little bit more realism or political acceptance that we cannot move instantly away from fossil fuels particularly if we want fossil fuels particularly if we wa nt to fossil fuels particularly if we want to diversify away from sources of gas like russia across europe and i thi...

The US isn't as dependent on Russia for oil as Europe, but a ban would still require a significant change in alternative sources.

Petrol and diesel reach new price records. Heating oil is more expensive than ever. This is also keeping the financial markets in suspense. Is it worth investing in oil stocks right now?

In the worst-case scenario gas suppliers wouldn't be able to rebuild their inventories over the summer, industries would have to shut down, and energy rationing may be inevitable.