ALBERTA PREMIER JASON KENNEY still dreams that his one-trick scheme of pumping oil out of the ground will save Alberta. Not so, says the energy giant BP.
Sure, there will be some rebound in global economic activity once the COVID-19 pandemic is over but a number of “scarring effects,” such as work-from-home, will reduce oil demand.
That doesn’t mean that energy demand will decrease. The rise of the middle class in Asia will drive energy production up but the shift will be to renewable sources.
David Charbonneau is a retired TRU electronics instructor who hosts a blog at http://www.eyeviewkamloops.wordpress.com.