>the global oil market will get the shock of its life with a horrendous global oil crisis to match.
It won't.
There is a very large amount of oil production on hold or at low capacity in North America because the prices are currently too low and very much expected to go higher in the future.
Prices will rise up to 50% but that isn't much of a crisis or unprecedented.
Renewables will become more attractive and their growth will accelerate a little.
It won't.
There is a very large amount of oil production on hold or at low capacity in North America because the prices are currently too low and very much expected to go higher in the future.
Prices will rise up to 50% but that isn't much of a crisis or unprecedented.
Renewables will become more attractive and their growth will accelerate a little.