Analysis of Global Refining Capacity, Oil Demand, and Implications for Energy Prices

The chapter covers the impact of pandemic-related refinery closures, the current surge in oil demand, the challenges of matching refining capacity and demand, environmental obstacles to building new refineries, and discussions on long-term oil prices, investment uncertainties, US shale production, election outcomes' influence on oil prices, and the role of oil and gold as hedges against risks and inflation.