[1/2] Chairman and CEO of TotalEnergies Patrick Pouyanne speaks during the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023.
REUTERS/Hasnoor Hussain/File PhotoCompanies TotalEnergies SE FollowPARIS, July 8 (Reuters) - The U.S. presidential election could trigger a major energy shock if Republicans were to win and decide to halt hydrocarbon exports, Patrick Pouyanné, the chief executive of French oil major TotalEnergies (TTEF.PA), said on Saturday.
"The only thing that could happen, which is a major systemic risk, is that the Republicans decide to stop exporting ...
At least 11 Republican candidates have announced that they will try to win their party's nomination to take on Democratic President Joe Biden in the November 2024 election.
Pouyanné also said he expected a "sustainably high" oil barrel price due to the global shift towards cleaner sources of energy and the decrease in oil investments.
Persons:
TotalEnergies Patrick Pouyanne, Hasnoor Hussain, Patrick Pouyanné, Pouyanne, Joe Biden, Biden, Pouyanné, Benjamin Mallet, Tassilo Hummel, Alison Williams
Organizations:
Energy Asia, REUTERS, U.S, Republican, Democratic, Strategic Petroleum Reserve, Thomson
Locations:
Kuala Lumpur, Malaysia, PARIS, Ukraine