Booms and bust cycles are very much a part of investing in the fossil fuel sector. In previous energy downturns, prices frequently experienced serious slumps, but oil and gas companies mostly kept faith in their biggest asset: Oil and gas reserves buried deep in the ground . But things are markedly different this time around. Faced with pandemic-driven demand destruction and a relentless call for climate-conscious and ethical investing, oil executives are resigning themselves to the uncomfortable fact that a significant amount of their vast oil and gas reserves will end up totally worthless . So much so, that’s it may hardly be worth it to entertain new exploration at this point. And “discovery” news these days doesn’t tempt investors like it once did. You know things have truly gone to the dogs when the likes of BP Plc .(NYSE:BP)– a company that doubled down on its aggressive drilling […]