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The Gas and Oil Industries

Briana Leone

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.

pece_annotation_1476131616

erin_tuttle

The policy aims to provide a framework for federal and state assistance following an emergency. It details the preventative measures suggested to minimize damage during a disaster and to find alternate means of funding, as well as the response goals following a disaster and actions to be taken.

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erin_tuttle

Different sections of the policy applies to different groups, the first section focused on disaster preparedness which was directed at state and city governments. The subsequent sections apply to various organizations and government groups that would be working under an interagency task force in the case of an emergency, and the individuals that would be requesting aid or funding after a disaster.