Energy Market Down, But 2021 Comeback Possible
December 8, 2020
By Mark R. Smith, Contributing Writer
First things first: After the double-whammy of the past two years, the energy business is struggling.
Until 2020, historically low prices resulted as the industry was essentially a victim of its own success, with disruptive technologies enabling new U.S. production at an unprecedented pace; then came the global COVID-19 pandemic, which drove prices unconceivably lower.
Those factors combined to raise questions about the long-term vitality of demand and supply. However, there are observers who believe ...
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