![]() ![]() One was maintaining the integrity of operations. Q: How have oil and gas companies responded to this oil downturn?Ī: There have been a couple of major responses. And there was no precedent for that in the history of the oil industry. But this one was really an external factor, which was, of course COVID and the economic shutdown imposed by governments to deal with it. The oil industry has often gone through bouts of crisis and periods of supply and demand being out of balance. How does this downturn compare with what you’ve seen in the past?Ī: This crisis has been like no other crisis. Q: You’ve witnessed many oil boom and bust cycles. Chronicle energy writer Paul Takahashi talks with energy expert Daniel Yergin about dramatic changes in the energy industry due to the shale revolution, the effect of economic shutdown due to the COVID pandemic and Yergin’s latest “The New Map: Energy, Climate and the Clash of Nations.” In writing the book, Yergin said, “I wanted to try to provide a map to this disrupted world and help people think through where we are and what’s ahead and what the risks are and what the opportunities are.” ![]()
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