Among the world’s biggest oil producers, state-run giants in China and Russia don’t need a bailout in the traditional sense. Oil industry giants in the United States aren’t likely to get one because, as Trump has made relatively clear of late, it’s a free-market question. In Canada, a bailout was dangled before the oil sands industry and then tauntingly shoved under the rug for further discussion. The new rules of the game favor clean energy because not even a bailout–and certainly not a new OPEC deal–can save the industry from the new normal. The U.S. shale patch, despite soaring production, was already traversing the beginning of the end before the coronavirus decimated demand, and an oil price war flooded the markets to the point of no return. Around the world, talk of oil industry bailouts is falling on deaf ears at a time when the people themselves need a […]