Houston: Oil Has a Problem (Energy Intelligence, March 10, 2023)

"The energy crisis of 2022, clearly the worst market upheaval since World War II, did not cause a recession. Simply put, the oil weapon had been neutralized — and based on developments since the oil shock of 1973 and especially since 2010, it is now clear that society can accelerate its move away from fossil fuels without suffering recession or depression. This has huge implications for the energy industry. One immediate one is that we can probably ignore warnings about inadequate investment in hydrocarbons from oil company executives, oil-exporting nations and other fossil fuel proponents at CERAWeek by S&P Global in Houston, and elsewhere." Read the article.