Emissions rise from the Royal Dutch Shell Norco Refinery in Norco, Louisiana, US. Oil giants such as BP and Royal Dutch Shell are already committed to expanding their exposure to renewable energy. Photo: Bloomberg Emissions rise from the Royal Dutch Shell Norco Refinery in Norco, Louisiana, US. Oil giants such as BP and Royal Dutch Shell are already committed to expanding their exposure to renewable energy. Photo: Bloomberg
Emissions rise from the Royal Dutch Shell Norco Refinery in Norco, Louisiana, US. Oil giants such as BP and Royal Dutch Shell are already committed to expanding their exposure to renewable energy. Photo: Bloomberg
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why oil prices will stay high despite global shift to green energy

  • The world cannot transition to a low-carbon economy without initially deploying a lot of high-carbon-producing energy to build the required green infrastructure
  • The age of oil might be drawing to an end, but for now the price of crude should remain high even as the world goes green

Emissions rise from the Royal Dutch Shell Norco Refinery in Norco, Louisiana, US. Oil giants such as BP and Royal Dutch Shell are already committed to expanding their exposure to renewable energy. Photo: Bloomberg Emissions rise from the Royal Dutch Shell Norco Refinery in Norco, Louisiana, US. Oil giants such as BP and Royal Dutch Shell are already committed to expanding their exposure to renewable energy. Photo: Bloomberg
Emissions rise from the Royal Dutch Shell Norco Refinery in Norco, Louisiana, US. Oil giants such as BP and Royal Dutch Shell are already committed to expanding their exposure to renewable energy. Photo: Bloomberg
READ FULL ARTICLE
Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.