In an interview with Hart Energy, the firm’s Michael K. Hurst notes that the long-term future of the energy industry is dependent on bringing the COVID-19 pandemic under control.

“Even with a return to pre-COVID demand and use, I would expect to see a further decrease in domestic production,” Hurst told the publication. “Regardless of who is president, there is simply a lot of excess oil capacity that needs to come back online with OPEC.”

Click here to read the rest if the interview.