OPEC cuts down on output to keep oil prices artificially up as this is 50% of their income, not good for the consumer but if oil companies can finance their projects due to this than this might prevent a further energy crisis. Economical rise needs energy and with that skilled labour and prices will skyrocket again!
And with economical downturn no investments in renewable energy which isn’t about hugging trees but job creation and making us less reliable to unstable oil producing countries (Iraq, Venezuela, Nigeria…) and wasting money on expensive oil.