Liberty Energy Inc. CEO Chris Wright made no bones about prognosticators calling for the demise of oil and natural gas on Monday.


“The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.”

Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised to remain elevated for the foreseeable future, given the world’s industrial, transportation and residential energy needs. He also noted that oil and natural gas are used to produce steel, cement, plastics and fertilizer – materials that are vital for the world’s infrastructure and global agriculture production.

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Wright said minimizing...