It was a fine week for the world’s top oil and gas companies, which are back in the black after one of the steepest declines ever for global oil demand and prices during the pandemic. BP, Shell, Total, Exxon, and Chevron all posted big earnings for the first quarter of 2021 buoyed by a return of the price of a barrel of oil to pre-pandemic levels around $60 per barrel since early February.US government analysts are now bullish oil demand will reach pre-pandemic levels by 2022 suggesting that these profits, along with greenhouse gas emissions, will continue to rise. For the oil and gas majors pursuing a relatively rapid shift toward low-carbon energy, a few years of profitable quarters like
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