Chevron CEO hits Biden's natural gas policies, says fuel is crucial for AI

HOUSTON (Reuters) -Chevron CEO Michael Wirth on Tuesday criticized U.S. President Joe Biden's administration for what he described as "attacks on the natural gas” industry and emphasized the crucial role of Permian natural gas in powering the rapid growth of artificial intelligence (AI). "AI’s advance will depend not only on the design labs of Silicon Valley, but also on the gas fields of the Permian basin," Wirth said at Gastech conference in Houston. Chevron, the No.2 U.S. oil producer, is one of the top players in the Permian basin that straddles Texas and New Mexico.