Today’s Energy Problems Began Decades Ago, Chesapeake COO Says

Despite the world’s energy shortage, exacerbated by current events, natural gas can still be part of the solution going forward, Chesapeake Energy COO Josh Viets told DUG East attendees.

Today’s Energy Problems Began Decades Ago, Chesapeake COO Says

The entire industry must rise up to meet the challenges facing the world, and Chesapeake Energy is doing its part, COO Josh Viets said on June 14. (Source: Jennifer Pallanich / Hart Energy)

PITTSBURGH—Causes behind the world’s energy shortage, though exacerbated by current events, actually stretch back over the last two decades, according to Josh Viets, executive vice president and COO of Chesapeake Energy Corp.

A shift in investment from oil and gas to renewables combined with low natural gas storage levels and war to create the energy shortage of today. Access to energy correlates to quality of life, and the industry has a responsibility to work to provide energy that is affordable, reliable and low-carbon, Viets told attendees of Hart Energy’s DUG East Conference and Exhibition on June 14.

“As a society, we are absolutely short on energy today,” he said. “But the problems we are in today occurred about 20 years ago.”

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Jennifer Pallanich

Jennifer Pallanich is Hart Energy's senior editor for technology. She has reported on the technology that fuels oil patch exploration, development and production for more than two decades.