Occidental CEO Warns US Is at Risk of Losing Energy Independence

Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline.

“It’s going to start to roll over, and when that happens, that’s when the US is at risk for losing our energy independence,” Chief Executive Officer Vicki Hollub said in a presentation at Hart Energy’s Executive Oil Conference in Midland, Texas, on Thursday. “That could come in the next five years that we start to see that plateauing happen.”