
That’s a stretch imo. We’ll see temporary demand destruction before then. People will avoid traveling, group multiple errands into one trip, go out to dinner less, try to work from home, etc. That means they’ll use less gas, which will reduce demand and bring prices down a bit. The “problem” (not a problem imo, but a problem for anyone invested in oil and gas, or selling a gas car) is that demand destruction in this context also drives EV and hybrid adoption