A number of things-financial have crept upwards, almost below the radar. The price of oil has more than doubled from its lowest point. It fell in the first place because Iran was to be allowed to sell its oil again, and it’s risen most recently because Trump’s gone back on the deal. That will be good for those fracking US oil companies and remember, Mr T is a businessman, first and foremost. Despite appearances, you don’t get to be President if you’re a total numpty.
“Oil markets prepare for lofty prices and restrained supply”
Plus ça change and tout ça. Many thought a positive by-product of Covid might be the fuller-throttle demise of fossil fuels. Alas no, looks like supply and demand alone won’t make all of us and our friends electric. Even though Trump won’t be reopening the coal mines...
