SAUDI AMAMCO AMIN HOLSAN ARMCO, speaking at the World Oil Congress in Houston, called on world leaders to continue to invest in fossil fuels in the coming years, to avoid the risk of increasing inflation and social events, reports Financial Times.
According to him, insufficient investments in fossil fuel in recent years, risk to put the world before the threat of global instability and immerse it in chaos.
He also indicated that the idea of a rapid energy equipment, which currently became the dominant theme, was built on unrealistic scenarios and deeply erroneous assumptions.
An-Nasser called on to prepare for unrestrained inflation and mass riots in case the investment policy does not come in line with reality. According to him, for many, the public recognition of the role of oil and gas in the transition period will become unpleasant, but the consequences of such a step will become much less destructive.
The head of Saudi Aramco also noted that fuel prices become “unacceptable high”, and the global coalition for clean zero emissions began to collapse.