The price of oil has climbed to multi-year highs, and oil companies are raking it in. Though Big Oil typically opens the taps when oil prices are high, the industry is showing some incredible restraint. Big Oil is more than aware that world leaders are getting more serious than ever about the clean energy transition, and the future of fossil fuels is far from certain. Oil prices are through the roof and oil companies are raking it in. The oil industry has made a truly unbelievable turnaround after prices bottomed out last year during the early phases of the novel coronavirus pandemic and now some industry insiders are even speculating whether oil is on track to hit $100 a barrel. In early 2020, as Covid-19 rapidly spread around the globe, industry shut down and people were driven into their homes, causing demand for oil to plummet seemingly overnight. As […]