What does the work from home movement mean for oil?

OILPRICE | A few days ago, Facebook joined Twitter in embracing remote work as a permanent option for many of its employees. In a decade, Mark Zuckerberg said, half of the company’s employees could work from home. Now, let’s consider all the high-tech companies that could afford to keep half of their employees in the home office… and what this would do to oil demand.Oilprice.com’s Michael Kern raised the question in April, soon after WTI swung into negative territory for the first time ever. Transportation, he noted, accounts for more than two-thirds of oil demand in the United States. This makes it the single most critical factor for sustainable demand in the industry.


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