Common sense interview with a Big Oil CEO

For some insight from the other side of the fence, here's a good interview with Chevron's CEO (who also happens to be the industry's longest standing chief exec):
Chevron's CEO: The price of oil
I cannot say I feel any more pity for Big Oil's "dipping" profits, down to only over $2B (!) from $5B last year, but it does spell that whatever is happening is: 1) not good for anybody; 2) compounded by other issues (e.g. connected with carbon emission concerns and energy efficiency/waste); 3) not (apparently) changing for anything better in the near future.
Please share with me your "more optimistic" interpretations of this interview.