A SHORT HISTORY OF ENERGY DISRUPTIONS AND RECOVERY

Payne Fellow Paul Deane writes about how modern economies need significant amounts of energy to function with overall energy demand driven by economic activity, population, and technology. Because of the link between economic activity and energy, a shock in one system will reverberate in the other leaving fingerprints of the disruption in both historic data sets.The COVID19 impact on our energy system situation is different as it is predominantly demand-side in nature as a consequence of people using less energy for transport/flying etc but the remedial action required is dependent on a mixture of policy interventions, public confidence and likely technology and medical development. April 15, 2020.