Thread by @drvolts, My new post: fossil fuels weren’t doing well even before Covid-19 hit, [...]

My new post: fossil fuels weren’t doing well even before Covid-19 hit, and their structural challenges will outlast the virus. Stimulus resources would be wasted on an industry in long-term decline. https://www.vox.com/2020/4/20/21224659/coronavirus-stimulus-money-oil-prices-fossil-fuels-bailout?utm_campaign=drvox&utm_content=chorus&utm_medium=social&utm_source=twitter

Oil and gas companies were already facing structural problems before Covid-19 and are in long-term decline.

Good lord, I just published a post about this today, and still I'm gobsmacked. $5 a barrel! The cost of a fancy coffee drink! https://twitter.com/business/status/1252282516154744834

https://twitter.com/business/status/1252282516154744834

https://twitter.com/business/status/1252289286789095426

This thread explains: the $1 oil is somewhat of an artifact of a May deadline. But oil hovering around $10 for months is an open possibility. https://twitter.com/gilbeaq/status/1252293724215762950

https://twitter.com/gilbeaq/status/1252293724215762950

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