Energy Boost: Chevron CEO & U.S. Labor 12/02/22

The U.S. economy added 263,000 jobs in November, surpassing estimates despite the Federal Reserve’s aggressive efforts to curb inflation. Average hourly earnings also rose month-over-month, which is good news for workers, but bad news for the Fed’s plan to slow interest rate hikes. Ahead of OPEC+ meeting this weekend and the EU’s looming ban on Russian oil imports, Chevron CEO Michael Wirth discusses the global energy landscape, Chevron’s new license to boost Venezuelan oil production, and working with the Biden administration on energy goals. The Senate voted to pass a labor deal, averting a nationwide railroad worker strike but failing to secure the workers the guaranteed paid sick leave that their unions were hoping for. Plus, Kanye West is suspended from Twitter, and Floridian lawmakers are mending fences with Disney. 

 

In this episode:

Mike Wirth @Chevron

Becky Quick @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY