re: We should start reducing oil consumption before inventories fall to record lows

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it couldn’t possibly be companies wanting to actually use the buildings where they have billions of dollars of investment…

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You meant this as sarcasm, but it is in fact true. Companies have no motivation to utilize an unnecessary asset. The profit incentive would have led companies, who were getting the same productivity from WFH, to subcontract their unnecessary office space or let those leases expire. There was zero profit incentive in forcing the use of an unnecessary asset.

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Overall productivity went down with WFH.


You guys got a stat for that?

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I don’t, but I ran a company with 1500 employees at the start of covid, and it had 2000 when I retired. I knew a dozen others who ran companies and I know what their experiences were. Plus I have anecdotal information from many more. The opinion of CEOs is overwhelmingly that WFH leads to a loss of productivity. However, it is not true for all companies, nor for all tasks within a company. A wise leader will use it when it’s appropriate.

Another problem with WFH is the loss of training opportunities.