James AskwithGuestNovember 20, 2020 at 9:18 pm
With the current global pandemic creating a drop in demand for oil how are people viewing the future of the industry?
Will the push for a new ‘Green’ global economy mean the long term demise of the industry or will we see surge in demand when we return to normal after the virus is under control?
MemberNovember 24, 2020 at 2:28 pm
James, I think oil will always be needed to a certain extent. Even EV need (at least partly) fossil power plants, cant fully rely on renewables. In Switzerland, one of the greenest countries, renewables account for 60% of energy production, 40% is still oil. Maybe demand will be lower, but existing anyways. Agree?
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