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Chevron bets on Peak Green Energy

Chevron bets on Peak Green Energy

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Claims from the climate lobby that the end of fossil fuels is near seem as premature as warnings two decades ago that reserves would soon run out. Chevron announced Monday a $53 billion bid for Hesse Corp. because she knows the world will need oil and gas in the near future, no matter how much politicians subsidize green energy.

Chevron’s acquisition of Hess follows Exxon MobileThe $60 billion partnership with Pioneer National Resources this month. Rising interest rates are causing consolidation in the U.S. economy, while smaller, less capitalized businesses struggle to borrow. Oil and gas giants are flush with cash due to rising prices over the past two years.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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