If You Like Lockdowns, You’ll Love the Carbon-Free Future
— August 18, 2020
By Paul Tice
Green activists and their Democratic standard-bearers should be more focused on the potential that the coronavirus crisis could undermine support for their cause. Here are the climate lessons from the pandemic:
• This is what a world without fossil fuels looks like. The lockdown of the U.S. economy beginning in mid-March temporarily choked off demand for crude oil and refined products, driving oil prices negative for the first time ever in April. In recent weeks, production declines have slowed as consumption patterns have started to return to normal with the lifting of quarantines.
Read the full Wall Street Journal article.
Paul Tice is an Adjunct Professor of Finance at NYU Stern.