Energy, innovation and distrust collide in Colorado
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POWER PLAYS | Energy, innovation and distrust collide in Colorado
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POWER PLAYS | Energy, innovation and distrust collide in Colorado
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The continuing need for oil and gas isn’t going anywhere anytime soon, as evidence by the world’s use during the global business shutdowns caused by the pandemic of 2020. Which means demand is about to surge as world economies recover.
That’s according to several panelists who participated Colorado Business Roundtable’s “Road to Recovery Series: Colorado’s Energy Industry” in Denver Tuesday.
“Even in the midst of the largest economic slowdown we’ve seen in decades, the world was still utilizing 90% of the oil and gas it was using at pre-pandemic levels,” said Hodge Walker, vice president of Chevron Rockies Business Unit. “It’s further evidence of how ingrained the oil and gas industry is in the world economy. That said, we need to be thinking about the future, and the future being clean energy. …. We need to think about how we produce cleaner energy, with returns the investors are looking for and in an efficient way.”