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JAdams: Imagining the Oil Industry's Future

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Though showing signs of recovery, the ongoing pandemic and recent surge across the US threatens oil industry once again.  “Oil prices have made a surprisingly steady return from the collapse ignited by lockdowns as the virus pandemic grew earlier this year. Crude settled above $40 a barrel Monday for the first time since plunging to negative-$37 on April 20, when the world was awash in unwanted oil. West Texas Intermediate, the U.S. benchmark, settled at $38.49 Friday, down slightly from Thursday. … The recovery, however, now looks tenuous, as no one is certain whether the current surge in COVID-19 cases could lead to business shutdowns and depressed consumer activity. Harris County on Friday issued a new ‘stay home, work safe’ advisory, asking residents to stay home except for essential trips, to work from home if possible and to avoid unnecessary travel.”

Economists say the threat of a “double-dip” is contingent on the scale and level of shutdown initiated by state governments in response to the surge. “A double dip in oil demand and prices will depend on whether state and local governments impose widespread lockdowns or allow businesses to remain open with requirements for face masks and social distancing. … Karr Ingham, a petroleum economist with the Texas Alliance of Energy Producers, said he can’t imagine that state and local governments would impose the type of widespread and strict lockdowns seen in March and April because of the dire economic consequences that such a move would have. It’s unclear how much political willpower there is to mandate a second lockdown, which would undoubtedly prompt public outrage, he said.”

JAdams: Emission Reductions and Economic Recovery

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“Carbon emissions reductions brought on by U.S. coronavirus lockdowns could be reversed by the pandemic's long-term damage to the clean energy sector, a new study has found. … To avoid an increase in emissions, lawmakers in the United States should pass stimulus measures to invest in clean energy technologies and boost renewable energy projects and jobs, the study said. If the "silver lining" of the pandemic so far has been reductions in global emissions, then such investments in the United States could be another positive development to come out of the crisis, Gillingham said.”

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Jadams: Survey of Oil Energy Firms

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Results from a survey of 168 energy firms show that “Of the oil producers and service companies that responded, only 3% said drilling activity will recover to pre-pandemic levels by the end of the year, while 39% said it will take to 2022 or later and 16% — roughly 1 in 6 energy firms — said it will never recover. The Dallas Fed carried out the survey from June 10-18.”

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xiaox

The government should organise all the source and fund for the disaster. Using good political to communicate with other nations and organisation who offer the supporting. Make sure the people get help such as money, food and water. As well as help people get back confident to government, therefore the government need to manage the sources in suitable areas. Medical supporting and equipment are offered for more saving and treatment. To provide the epidemic comes up post disaster, the government and organisations should be care about the weather, environment and other circumstances. If Haiti's government can help people get the supporting on fundings and others, it can really make the Haiti's restore and control the cholera epidemic. In addtion, it might can bring the confident from U.N. and other organisations.

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xiaox

Prepare nucleaer emergency plants in the area which might be influenced, even expand the area as much as possible. Educated the resisdents about the evauation and emergency respond. When the disaster is happen, people should go indoor and close all the window and door. Keep updating the news and office information. and  follow the guidence to evacuate. Government should immediately active the emergency plants and radiological respond when the nuclear disaster acident happen. 

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Sara.Till

The latter part of the piece addresses current plans to combat the cholera epidemic sparked during relief efforts post-quake. However, due to many of the factors discussed earlier in the article, donors are hesitant to put money towards efforts. Moreover, the UN's plan worked on a 10-year timeline given the appropriate funding; stalling finances have pushed that timeline out to almost 40 years. Currently a lawsuit is being put forth by the Haitian government to obtain the promised money and support from the UN.