Oil's Last Hurrah?

Royal Dutch Shell and BP are expected to report quarterly profits for oil production for the first time, since the Covid-19 pandemic struck (https://www.theguardian.com/business/2021/apr/24/shell-bp-back-into-profit-oils-glory-days-fade). The improved profits of these oil companies, will be due to crude oil's recovery in the price. This may be a chance for Shell and BP to 'refill their coffers', before oil is phased out. The International Energy Agency (IEA) have, however, predicted that crude oil prices are likely to exceed pre-Covid-19 levels within 2 years. The IEA say this will happen, unless "governments around the world take concrete action." The IEA don't have a great prediction track record but they could be right. All countries need to permanently change how they generate electricity and provide transport. Otherwise, some might be tempted to continue their unsustainable activities, when crude oil becomes cheaper again. It is also hoped that Shell and BP will meaningfully diverse away from profiting from oil extraction. The oil companies should not be using profits to open up more oil fields or to lobby politicians to allow them to carry on polluting!