December 21, 2020 EnergyNow Media
By David Yager
In 2021 an unintended but welcome consequence of the COVID-19 vaccine will be a major reduction in aspirational and often disingenuous predictions about the future of oil.
Using the time-worn adage of never letting a good crisis go to waste, since the pandemic gripped the world last March seemingly endless commentaries, forecasts and ideas have emerged predicting what petroleum’s fate could or should be.
The sources are as varied as the messages. But be assured climate change alarmists, anti-carbon campaigners, and advocates for more and larger government have exploited the opportunity.
Several major European oil producers have added credibility to the narrative by claiming they are exiting their legacy business.