Lorenzo Simonelli - GE Oil & Gas

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Last quote by Lorenzo Simonelli

When you look at the energy requirements, the increasing population, we feel there's going to be a necessity from an oil and gas perspective as we go forward. LNG (Liquefied natural gas) continues to grow at 3 to 4 percent, oil continues to grow at about 1 percent, you've got natural gas growing at 2 percent, as you look long term that supply demand balance is going to be there. What we've got to focus on is making sure that we drive productivity through that value chain to let the investments go forward.feedback
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Jul 10 2017 OPEC
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Lorenzo Simonelli is associated, including Baker Hughes and industry. Most recently, Lorenzo Simonelli has been quoted saying: “Clearly we look at the price of oil, At the same time, it's only one of the data points we look at. What we're focused on right now is really driving the costs of synergy and revenue synergies.” in the article Oil and gas will continue to be a necessity, despite lack of investment.
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