Second, the complaint comes with a subtext of “it’s not me, it’s you.”Which brings us to Big Oil. Here’s the thing: Hardly anyone serious thinks the oil business is “finished” within five years or even ten. That doesn’t sound like zero oil demand. The hyperbole matters because, if the oil industry is to deal with what ails it, then it had better clearly define what that is. Even OPEC’s own projections show oil demand essentially flattening out in the late 2030s, and I’m pretty sure they aren’t in the business of hyping alternatives.

Source: Washington Post March 04, 2019 17:48 UTC