Here’s an optimistic note on which to end the week. Optimistic financially at least. Stock markets fell faster than they ever have a couple of weeks ago, but Rothschilds think we’re through the worst and that there could be a rapid recovery as infection rates start to slow; which they reckon could be in ‘weeks rather than months’. Not much comfort if you’re on a ventilator in the Excel Centre, but even talk of a green shoot is as good as a full bloom atm.
“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...
