Another thing to consider regarding energy prices into the...

Another thing to consider regarding energy prices into the distant or not too distant future and we should all have in the back of our minds, is geopolitical turmoil. I am not wishing this at all but Post Covid could see supply issues brought about by a number of things. Be it the drums of war sounding with the super powers, small conflicts in the middle east, the odd coup again in the middle east of Central America, terror attacks on energy infrastructure. Hopefully none of the above but this is one to keep in mind.
The US being self reliant in oil these days and not keen on getting involved in more international conflict will not be likely to keep the peace and may happy to let oil producing countries in the middle east go for it. And if the world does need larger volumes of oil/gas in war time they ain't going to export as much of the stuff. Outside China, countries in Asia, will be looking to stable countries like Australia to supply their needs during these times..............

The other issue and consequences with low Energy prices over the last several years has been the large drop off in new capital to find and bring on line new product. So there could be several years of lag if demand increases dramatically. It seems hard to believe that this could happen but it has in the past and will happen into the future.