"Occidental CEO Vicki Hollub Forecasts Oil Supply Crunch by 2025"

Occidental CEO Vicki Hollub predicts an oil supply crunch from 2025 due to years of underinvestment in new oil, with OPEC, particularly Saudi Arabia, expected to control the oil markets in the second half of the decade. However, some industry observers question the accuracy of such forecasts, emphasizing the cyclical nature of the oil business and the challenges of predicting global commodity prices. Concerns about the energy transition are also raised, with skepticism about the ability of battery cars to fully replace gasoline and the impact of EVs on electricity demand and reliability during extreme weather events.