Search

More than economic activities, this artifact focus on the economic inactivity that the COVID-19 pandemic has caused. More specifically, such a reduced economic activity has reshaped the oil and gas industries, to the point their prices have significantly dropped. More specifically, these impacts can be better seen in energy system's production and distribution chains, where lockdowns and pandemic mitigation practices have sized down the worker-power both on the demand and the production end. The foregoing is reshaping production, supplies, demand, as well as financials. The crisis has risen several major crises, with industries severely unprepared in their contingency planning given world-wide lockdowns have been unprecedented. All of the factors listed are working to reshape how many in the energy sectors view contingency planning for the future and how they plan to re-establish operations, including cutting some operating costs.