Between the coronavirus and the oil price war, the disruption to our daily lives means unprecedented changes are afoot. Usually, when there’s a 60 percent drop in oil prices—a recent Wall Street Journal article was headlined “US Crude Posts Largest Decline in Nearly Three Decades”—there’s an increase in travel, because consumers take advantage of low prices at the gas pump and cheaper airfares. But that’s not happening this time around, and for good reason: People are staying home as quarantines and social distancing gain momentum around the world. But what about afterward? Will the coronavirus outbreak permanently alter people’s work habits and global supply chains, as companies get more comfortable with remote work and videoconferencing and 3D printing, reducing oil demand over time and causing a permanent reduction in carbon emissions?
Bulletin of Atomic Scientists 2nd April 2020 read more »
The energy sector is uniquely affected by the COVID-19 pandemic crisis, but it is also critical to global and national response and recovery efforts, the International Energy Agency (IEA) said today. Launching its COVID-19 analysis hub, the IEA said: “Energy security remains a major area of attention and the crisis highlights the critical value of electricity infrastructure and know-how, underpinning the response to the coronavirus pandemic. It demonstrates the central role and importance of electricity, and what policy makers need to do in order to ensure that current and future systems remain reliable even as they are transformed by the rise of clean energy technologies.
World Nuclear News 6th April 2020 read more »