In medium to long term, higher oil & gas price will push the entire world goes for green and clean energy including electric car adoption (EV needs 4X more copper than ICE), charging stations etc all need wiring and copper.

Net zero in jeopardy unless world meets lithium and copper demands - but there's a gap between supply and demand

'Mr Dhawan said: "A traditional car carries about 10 or 15 kilograms of copper, but when we all switch to driving electric vehicles that jumps by five times.'

https://news.sky.com/story/net-zero-in-jeopardy-unless-world-meets-lithium-and-copper-demands-but-theres-a-gap-between-supply-and-demand-12548288

CHART: Study predicts over 400% increase in copper, lithium, nickel battery demand

https://www.mining.com/chart-study-predicts-over-400-increase-in-copper-lithium-nickel-battery-demand/