Bloomberg Talks
Chevron CEO Mike Wirth Talks Middle East, Red Sea Crisis
Jan 17, 2024
Chevron CEO Mike Wirth talks about the Red Sea crisis's macroeconomic implications. They discuss the outlook for shale production in the US energy industry, Middle East tensions, the impact on oil markets, and lead time for drilling. They also cover changes in California's oil industry due to policies and regulations.
07:36
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Quick takeaways
- The need for parents to be involved in their teenagers' app usage and advocate for suitable apps.
- Despite recent tensions in the Middle East, oil prices have remained stable due to the growth of US oil supply, but a significant disruption could cause short-term market dislocations.
Deep dives
Instagram lobbying for parental approval for teen app downloads
Instagram is advocating for Congress to pass a rule requiring parental approval for app downloads by teens under 16. This move emphasizes the need for parents to have a say in which apps are suitable for their teenagers.
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