The short-term energy outlook has improved considerably over the past few months, thanks mainly to the ongoing Covid-19 vaccine rollout. A cross-section of analysts now expects oil demand to bounce back to near pre-pandemic levels during the second half of the year, while others are predicting a shortfall and price rally. The same can, however, hardly be said about the long-term outlook, with WoodMac recently causing some consternation after predicting that Brent will change hands at just $10 per barrel in 2050 as renewables rapidly take over. However, most experts agree that fossil fuels will continue to be our most dominant energy source for at least a decade—maybe even two—depending on how fast the energy transition happens. As such, major oil and gas discoveries such as ExxonMobil’s (NYSE:XOM) Guyana find will continue to dominate headlines even as the bears warn of the massive risk of these assets being stranded […]