US Officials and Global Execs Clash Over Energy Outlook
US officials at CERAWeek called high fuel prices temporary while global executives warned of a supply crisis. The conflict in Iran has pushed oil above $100.
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At the annual CERAWeek conference in Houston, a sharp divide emerged between the United States government’s optimistic outlook and the dire warnings from global energy leaders. While American officials characterized the current spike in fuel prices following the conflict in Iran as a short-term phenomenon, international executives and government representatives from Asia and the Middle East described the situation as the most severe supply disruption in decades.
