Business

Have we reached ‘peak oil’?

The smartest insight and analysis, from all perspectives, rounded up from around the web:

The U.S. oil and gas industry faces a daunting recovery from the pandemic, said Paul Takahashi at the Houston Chronicle. “About 107,000 oil, gas, and petrochemical workers have been laid off between March and August,” a staggering total even for an industry that is accustomed to soaring heights and crushing lows. But analysts say this oil bust is different even from those in the past. “Growing concerns about climate change” are expected to keep reducing demand for fossil fuels, meaning those jobs lost now might not return after this downturn.

Source:

theweek.com

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