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Despite the Biden administration s approval of ConocoPhillips Willow project in Alaska, there are significant reasons why Big Oil companies might not pursue Arctic drilling. ....
Premium Content Why Is Most Oil Found In Deserts And The Arctic? By Alex Kimani - Apr 21, 2021, 3:00 PM CDT The short-term energy outlook has improved considerably over the past few months, thanks mainly to the ongoing Covid-19 vaccine rollout. A cross-section of analysts now expects oil demand to bounce back to near pre-pandemic levels during the second half of the year, while others are predicting a shortfall and price rally. The same can, however, hardly be said about the long-term outlook, with WoodMac recently causing some consternation after predicting that Brent will change hands at just $10 per barrel in 2050 as renewables rapidly take over. ....