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Stock impact report

Chevron Exec Says You Should Just Drive Less Instead Of Investing In Renewable Energy [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
With President Donald Trump ordering the U.S. Navy to block Iranian-toll-paying tankers from transiting the Strait of Hormuz out of the Gulf, no one can predict when the global crude oil market will return to some semblance of normalcy. Chevron executive Andy Walz recommended that people should simply drive less if they don't want to feel the pinch at the pump. The notice implies that drivers are captive customers of oil companies , themselves hostages to Trump's bellicose foreign policy. Just as with climate change, oil giants would rather shift responsibility to individual consumers. In an interview with CBS News on Wednesday, Walz said, "People should try to drive less. They should try to conserve energy. We should be doing that all the time. Energy's essential for people's lives, but we should conserve it." However, the executive correctly noted that there could be knock-on effects if this crisis stretched on. The price of oil impacts the price of nearly everything else. The fo Show less Read more
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