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Saudi Aramco CEO Amin Nasser has criticized the current transition strategy for oil and gas, stating that it is failing in most aspects. He cited a report from KPMG, which suggested that oil demand could hit a record this year, indicating that peak oil and gas is unlikely for some time, even 2030. ExxonMobil CEO Darren Woods also expressed skepticism about the energy revolution, stating that society wants to reduce emissions but nobody wants to pay for it.

Saudi Aramco chief says world should ‘abandon fantasy’ of phasing out fossil fuels

Saudi Aramco CEO Amin Nasser has criticized the current transition strategy for oil and gas, stating that it is failing in most aspects. He cited a report from KPMG, which suggested that oil demand could hit a record this year, indicating that peak oil and gas is unlikely for some time, even 2030. ExxonMobil CEO Darren Woods also expressed skepticism about the energy revolution, stating that society wants to reduce emissions but nobody wants to pay for it.

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