Could it be that the virus will do Greta and Extinction Rebellion’s work for them? Could changes to the way we work, travel and produce energy become permanent? How many oil companies and airlines will disappear? Will Russian billionaires have to start selling football clubs? Will the Saudis have to stop buying planes and missiles and bombing the Yemen? Or will everything be back to normal before I have a chance to grow a ponytail? After all, it’s only been six weeks. The war lasted for six years.
“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...