Re: fossil fuel I have been following oil news closely for a better part of a decade now, the oil industry did not reduce capacity due to renewables. They resp

Re: fossil fuel I have been following oil news closely for a better part of a decade now, the oil industry did not reduce capacity due to renewables. They respond to price, especially higher cost productions like fracking and oil sand. Consistently low oil prices since 2014 crash has scared many investors away, and it'll take some time of consistently high oil price before investor confidence return. Current high prices is a combination of inflation (primarily caused by money printing), OPEC+ not going full speed, and other high cost producers not ramping up due to lack of confidence.