Energy companies are making adjustments and embracing government incentives amicfrecession fears,rising interest rates and inflation,executives say.KPMG chief economist Diane Swonk delivered sobering remarks recently.Dressed in black,she joked about her request that alcohol be served before her luncheon keynote at the firm's Global Energy Transformation Conference in November,saying"You're going to need it afterward."Moments later the Federal Reserve increased its benchmark interest rate again-this time by three quarters of a percentage point,sending it to a range of 3.75 to 4."The Fed feels they have to do it and every other central bank in the world has to do it.They're doing it at the same time,and it's amplifying itself around the world,"Swonk said."What you worry about is that rate hikes here ricochet around the world and return to shoot ourselves in the foot.You don't want a worse recession than you need to derail inflation."
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