Texas Comptroller Takes on Wall Street

The transcript discusses the complexities of investing in the oil and gas industry, considering climate change and regulatory risks. It emphasizes the importance of dialogue with companies to gather accurate information and highlights Texas's diverse energy portfolio, including wind and solar power. The ongoing relevance of the petroleum industry is discussed, noting its role in everyday products and the potential consequences of stifling investment. The impact of global events, such as the Russian invasion of Ukraine, on market disruptions and energy prices is also explored.

What is a key reason investors might be hesitant to invest in the oil and gas industry?

• Technological advancements

• Lack of demand

• Regulatory and climate risks

• High profitability

Why is it important to have a dialogue with companies in the oil and gas sector?

• To increase their market share

• To gather accurate information for decision-making

• To promote their brand

• To reduce their operational costs

What energy sources contribute to Texas's diverse energy portfolio?

• Coal and natural gas

• Hydropower and biomass

• Nuclear and geothermal

• Wind and solar

Why is the petroleum industry still considered important despite the rise of electric vehicles?

• It is cheaper than renewable energy

• It is more environmentally friendly

• Many components of electric vehicles are petroleum-based

• It is the only source of energy

What global event has contributed to the recent increase in natural gas prices?

• The COVID-19 pandemic

• The Russian invasion of Ukraine

• The US-China trade war

• The Brexit agreement