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Hey well I when I was a young boy I aspired to be on the court listening to Sweet Georgia Brown and watching or playing with the Globetrotters. And I almost made it today so Darren thank you for your comments and Dan for the the nice introduction it's great. To be here this year more than ever the world gas conference brings together the best minds in our industry to discuss every aspect of Energy's future the technologies that will drive it the market opportunities that will shape it and the partnerships that will enable it like most of you. I'm confident that natural gas will play a central role in meeting global energy needs as we look to the decades ahead but if you step outside and. Listen to many conversations about. Energy they often focus on something else a clean energy transition this is typically framed as a momentous shift unlike anything we've seen before as if we're moving from an outdated past to an exciting future but in the world of energy transition isn't unprecedented it's not even new the fact is. We're always in an energy transition we always have been and we always will be think about it for centuries people burned peat moss or wood to eat their homes and cook their meals gradually we transition to charcoal whale blubber next came. Coal and later oil natural gas nuclear hydropower and geothermal now we're exploring the potential of wind solar biofuels and hydrogen fuel cells the human race has. Been in an energy transition for all of modern history the. System is always in flux as demand grows supply responds technology evolves and markets work society is always pushing to make energy more abundant more efficient and ever cleaner but today's energy reality is more complex and dynamic at anytime in the fast global demand is at an all-time high and growing many different. Forms of energy will be part of the energy. System one dominant energy source will not simply replace another different mixes of energy will be needed in different parts of the world and in each geography. The shift will play out at different speeds with different drivers and different challenges yet people often assume energy evolves along a single continuum and that people everywhere have the same needs here in the u.s. we're wrestling with the challenge of integrating wind. Solar and other forms of energy into our national power system but despite the complexity of this challenge the vast majority of us never doubt that the power will be there when we turn the lights on for much of the world. The situation is vastly different consider. Bangladesh where over 160 million people live about half the population of the United States in a landmass the size of Wisconsin only about 8% of. Them have access to reliable electricity according to the World Bank reliable affordable power is a key to job creation the country's number one development priority this illustrates the complexity of the challenge before us in each geography priorities are different and. Needs very well the future of energy will. Be cleaner it won't be simple in fact if we take too narrow a view of it we'll miss some of the most important opportunities what are these opportunities and how will the transition play out the. Engineer in me always looks to practical. Considerations and real solutions and when I look at the future of energy I see three major imperatives first we must eliminate energy poverty by 2040 the global population is expected to increase by more than 20 percent to over 9 billion people as a result energy demand is projected. To increase by nearly 30% over that period it's like adding another China and another India to today's energy markets yet even today nearly three billion people still use biomass or. Animal dung put into our cooking and heating that's 40 percent of the people on the planet and 1 billion people have no electricity I've visited people that live like this I've been to sub-saharan Africa and out in small villages you enter a home where people are cooking with these. Fuels where they have no running water no sanitation see a mother huddled over. A pit smoke rising soot on the ceiling and the life that she lives the life that her children lived a life span they can expect is heartbreaking each of these people deserves access to reliable affordable cleaner energy in the human progress it enables by every objective measure there's no practical. Solution to this. Global challenge that doesn't include a significant role for natural gas natural gas underpins our our energy future record and rising natural gas production the u.s. is a welcomed and unprecedented development it's allowed the u.s. to shift from being the world's largest importer of. Natural gas to being a net exporter this has tremendous implications for meeting rising global demand and addressing the problem of energy poverty around the globe of course other energy sources will also be needed the goal should be a portfolio of sources that. Complement and enable each other there's no single answer to ending energy poverty there are many this brings me to the second imperative we need partners. To solve energy poverty and deliver the energy the world needs no single country no single industry and no single company can go it alone partnerships are essential especially with organizations that are pushing the boundaries of Technology. In developing the innovations needed to deliver reliable affordable and cleaner energy on a large scale the gorgon LNG project in Australia is an example we've known for more than 30 years that there are vast quantities. Of natural gas offshore Western Australia but it took the convergence of technology customers government suppliers and partners like Exxon Mobil Shell Chevron gerra and others to unlock the potential of the single largest resource development in Australia's history today each LNG tanker departed Gorgon carries enough natural gas to power. All of Japan for four hours. It's this kind of partnership that is needed to promote the innovation and investment to power the future which leads me to the third imperative the power of free markets to create a future of reliable affordable and ever cleaner energy that can scale we need a free flow of resources products and ideas that's the best way to balance. Energy security economic growth and environmental protection we all know u.s. gas production is rising pipeline exports to Canada and Mexico are growing in LNG exports are supplying new markets across Asia South America and Europe addressing the growing need for energy across every region of the world as a result these. Regions can further diversify their energy supply chains reducing the risk of market or policy-related supply disruptions u.s. energy exports can have a stabilizing effect on the global economy creating a virtuous cycle that lifts markets and generates growth this requires an environment that encourages innovation and free trade and relies on markets so exports can. Meet energy needs as they emerge around the world in other words both domestic and international markets need to be allowed to do what they do best efficiently direct resources to the solutions that most effectively deliver reliable affordable and ever cleaner energy as we look ahead and examine the future of energy at conferences like this there's much. We don't know but a few things are certain by developing more sources of natural gas will play a leading role in. Reducing emissions by expanding exports of natural gas our industry can support global economic growth and promote greater geopolitical stability and by meeting the world's energy needs we'll continue to ride the. Power to drive human progress if we follow this path we can lift the world economy to new. Levels eliminate energy poverty and achieve lasting reductions in emissions that will allow. Us to leave our planet a better place that's a noble calling for any industry and one we should all aspire to fulfill thank you very much I look forward. Now to our.

 


Chevron Corporation Company News

Wed, 08 May 2019 18:38:00 GMT
Chevron Corp.: Expect The Takeover Battle To Heat Up - Seeking Alpha
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Fri, 26 Apr 2019 07:00:00 GMT
Should You Consider Chevron Corporation (NYSE:CVX)? - Yahoo Finance
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Sun, 14 Apr 2019 07:00:00 GMT
Chevron Corp.: This Is A Big Deal - Seeking Alpha
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Thu, 09 May 2019 15:05:00 GMT
Chevron Corporation (CVX), The Kraft Heinz Company (KHC): Critics will feel jaded today - FinBulletin
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Thu, 09 May 2019 19:40:00 GMT
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Fri, 26 Apr 2019 07:00:00 GMT
Chevron Corporation 2019 Q1 - Results - Earnings Call Slides - Seeking Alpha
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Tue, 16 Apr 2019 07:00:00 GMT
A Deep Dive Into Chevron's Fundamentals For Dividend Investors - Seeking Alpha
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Tue, 30 Apr 2019 18:03:03 GMT
Despite Its High P/E Ratio, Is Chevron Corporation (NYSE:CVX) Still Undervalued? - Simply Wall St
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Fri, 10 May 2019 05:09:31 GMT
Analysts Slap “Buy” Recommendation on This Stock: Chevron Corporation (NYSE:CVX) - Hermann Herald
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Tue, 07 May 2019 14:51:00 GMT
You must shun these dodgy element: Chevron Corporation (CVX), Fred’s, Inc. (FRED) - FinBulletin
You must shun these dodgy element: Chevron Corporation (CVX), Fred’s, Inc. (FRED) FinBulletin Throughout the past nine days on the trading calendar, Chevron Corporation (NYSE: CVX) shares demonstrated a Historic Volatility of 23.49%. That figure ...