Energy CEOs: Waiting for Oil to Rebound Is Like ‘Whistling Past the Graveyard’
Stephen Chazen, chief executive officer of Occidental Petroleum Corp., smiles during the 2015 IHS CERAWeek conference in Houston on Monday.
Aaron M. Sprecher/Bloomberg *** Local Caption *** Stephen ChazenThe biggest players in energy have gathered in Houston for IHS CERAWeek, the largest annual industry conference amid the worst price rout in many years. Here are five takeaways:
* U.S. Senator Lisa Murkowski is not only chairman of the Energy and Natural Resources Committee, she’s from Alaska, one of the worst hit oil-producing states. She plans to use her position to introduce a bill to lift the U.S. oil export ban and the Iran nuclear deal is part of her argument. “We shouldn’t lift sanctions on Iranian oil while keeping sanctions on American oil,” the Republican said, likening the export ban to “sanctions on ourselves.”