CEOs Warn This Winter’s Energy Crisis Will Be Nothing Compared to Next Winter’s Crisis

CEOs Warn This Winter’s Energy Crisis Will Be Nothing Compared to Next Winter’s Crisis
A driver leaves the yard after filling up his gas tanker truck at Marathon Oil in Salt Lake City, Utah, on May 20, 2021. George Frey/Getty Images
Jack Phillips
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CEOs during a recent panel discussion warned that an energy crisis during the 2023–24 winter months could be even more challenging than the coming “difficult winter.”

“We’ve got a difficult winter ahead, and subsequent to that we’ve got a more difficult winter in the year ahead of that, because the production that is available to Europe in the first half of 2023 is considerably less than the production we had available to us in the first half of 2022,” Russell Hardy, CEO of oil trader Vitol, told reporters on Monday at a panel discussion in the United Arab Emirates.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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