WPL@$30, page-4656

not much to do with Biden or Putin. It is mostly driven by increasing demand coming out of Covid and OPEC Plus only increasing a small amount of production . The other factor is that major oil companies have gone a little woke and virtually stopped exploration . The markets are aware that renewables will not deliver as efficiently as gas and oil . The blizzard conditions in North America right now are a good example ,…..no sun and no wind but sub freezing temperatures so gas and heating oil demand is rocketing. So over the next few decades we have no major oil fields coming on stream and at the same time we have increasing demand for oil and gas. You don’t need to be a rocket scientist to do the maths .