Was 2020 Really So Bad for Oil?
Payne Institute Fellow Liam Denning writes about how If ever a year needed a shot of glass-half-full attitude, it’s 2020. In a discussion with an oil executive the conversation turned inevitably to the pandemic and 10 million barrels a day of oil consumption — one in ten — going *poof*. Against which they offered this: Despite epic disruption, we still used 90 million barrels a day of the stuff. How’s that for describing the worst drop in oil demand? December 28, 2020.