The End Of Oil? Battle Lines Drawn As Industry Grapples With Energy’s Future

Gasoline prices are posted at a Mobil gas station in Candia, N.H., on April 30. The coronavirus pandemic has renewed a critical debate about just when global oil demand will peak.

Charles Krupa / AP

Oil is facing an existential crisis.

There has never been so much uncertainty about the future of a commodity that keeps the global economic engine running.

And it’s not just environmental activists calling for the end of oil: New reports out this week show the battle lines are shaping up within the industry.