Will Covid-19 Permanently Shrink The Fossil Fuel Industry?
R-Squared Energy
JUNE 16, 2020
The primary culprits behind coal’s decline are competition from cheap natural gas brought on by the shale gas boom in the U.S., But the natural gas and subsequent oil boom were victims of their own success. Global oil demand fell by as much as 30 million BPD, followed by gas and coal demand.
Let's personalize your content