WATCH: Hess CEO States Obvious on CNBC: Oil and Gas ‘Needed for Decades to Come’

NewsBusters ^ | 3/7/2023 | Joseph Vazquez

[JV3MRC]

Hess Corporation CEO John Hess wasted no time in pointing out that “oil and gas are going to be needed for decades to come” during the Mar. 7 edition of CNBC’s Squawk Box. Hess even stated that “oil and gas are key” in order to achieve an “affordable, just and secure” energy “transition” to renewables. Talk about irony. Hess noted that “most people don’t realize that oil and gas are a strategic industry for the United States.”

Hess’s comments come just as President Joe Biden is set to allow a program that was engineered to enable oil and gas development on the U.S. outer continental shelf to expire. According to Forbes magazine, “the expiration of the program is troubling as it signals to oil and gas producers – and ultimately consumers – that the government has an antagonistic attitude towards more domestic energy production.”

Hess put Biden on the spot for comments he made during his State of the Union address. “President Biden, in the State of the Union address, said, ‘I want low energy prices for working-class families. I want jobs here at home. And I want investment in America.’ Oil and gas check all three boxes,” Hess analyzed.