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Yves here. As this article makes clear, the current optimism about oil prices is based on some remarkable assumptions about Covid, namely that the US has attained herd immunity by summer as Biden warns vaccinations won’t be complete by the end of 2020…even assuming the dogs eat the vaccine dog food.
I thought readers would find it instructive to read why we will be back to the old normal by summer. It must be nice to live in such a comforting bubble.
By Irina Slav, a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. Originally published at OilPrice ....

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