> They operate at low prices and give Americans an extremely prosperous life, the response: > “You’re killing the planet, These are both true. We absolutely

> They operate at low prices and give Americans an extremely prosperous life, the response: > “You’re killing the planet, These are both true. We absolutely need to move in the short medium and long term away from oil and gas, for climate and geopolitical reasons, but oil and gas have underpinned the global rise in living standards. The difference that is we now have the technology to maintain that standard of living without burning fossil fuels to propel our cars or heat out homes. Fossil fuel extraction based economies and companies are painfully aware of that, and that's a factor in what is happening now. We should transition toward using petroleum and gas mostly as an industrial feedstock (plastics, fertilizer) and limit it to use cases that are hard to move to renewables (aviation). None of the above requires incredible new inventions, just the will to switch to less carbon intensive energy production and storage technologies. Of course there will be the need to adjust supply up and down in the short term. That's what the strategic petroleum reserves are for. Perhaps we should increase the capacity of those for these situations.