Biden goes off-script to concede oil demand will last for years

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Biden goes off-script to concede oil demand will last for years
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It lays bare the conflict between his administration’s climate and economic goals. Read more at straitstimes.com.

WASHINGTON – US President Joe Biden went off-script during an otherwise climate-friendly State of the Union speech on Tuesday night to state an uncomfortable reality for the White House: “We’re still going to need oil and gas for a while.”

Other comments during the speech underscored the still-simmering tension between Mr Biden and US oil companies. Mr Biden said oil executives he’d pressed on the issue told him bluntly: “We’re afraid you’re going to shut down all of the oil wells and all the oil refineries anyway so why should we invest in them?”

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