'We should abandon the fantasy of phasing out oil and gas': Saudi oil CEO

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The head of the world’s largest energy company on Monday urged the world to accept the hard reality that oil and natural gas will be around for a long time to come and consumption of both sources of energy are likely to grow for at least the next decade or two.

In a speech at a Houston energy conference, Saudi Aramco CEO Amin Nasser described the ambitious timetables of environmental groups as failing because the world continues to consume record amounts of fossil fuels every year.

“We should abandon the fantasy of phasing out oil and gas and instead invest in them

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