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The COVID Bounce Back and the Russian Aggression?
The coronavirus recovery was very energy intensive. Oil and gas upstream investment adjusted down to the level that would be required in an at-zero web, low-to-diggest climate storage factory. But clean energy investment remained structurally below the level for oil and gas demand or a continuous declining pot. This mismatch in investment of oil and gas investment adjusting down to the Paris Agreement, but energy investment struggling to ramp up, it already created tensions.