In other news, the Office of the Director of National Intelligence has released a statement to say that the novel coronavirus is not a conspiracy; it was not man-made or modified.
Meanwhile, Brazilian President Jair Bolsonaro has a conspiracy theory of his own: he says the World Health Organization (WHO) is turning kids gay.
I thought it was the juice boxes.
Finally, the CEO of Shell stopped just short of saying that demand for oil may never recover because of permanent changes to lifestyle and behavior.
Europe’s largest oil company is bracing for permanent change in customer behavior, signaling demand may not fully recover once the coronavirus pandemic is over. [...]
“There will be changes, and therefore we have to be ready for that,” Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said in a Bloomberg Television interview. “That means that we probably have to re-establish what is going to be our strategy.”
Lifestyles will probably “be altered for some time to come, whether that is because of the economic bandwidth that people will have or businesses will have, or whether it is because of attitudes,” Van Beurden said. “We do not expect a recovery of oil prices or demand for our products in the medium term,” he said later in a press briefing.
Big Oil should face the inevitable and start their journey to becoming Big Solar if they want to exist at all in 20 years. The alternative is becoming what the coal industry looks like today
Programming note... I'm having some significant work done in my apartment tomorrow, including paint, so I'll likely be offline dealing with that unless the work is canceled for some reason.