"Has oil peaked?"

«As it is, it’s going to be tough going. Industries that depend on (particularly aviation, shipping, industrial agriculture, and trucking), and industries that rely on those industries (including manufacturing and retailing) likely will be hard-pressed to regain their pre-pandemic vigor, and over time will have to adjust to ever-tightening global flows of fuel. As will the rest of us who like to shop, travel, and eat.

A new era has begun.»

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