In this Episode, Laurent and Gerard talk about COVID-19 and the considerable impacts both positive and negative that it will have on the world of Energy. The episode is called the Good, the Bad and the Ugly.
- the (not so, but still relatively compared to the rest) Good being the world of clean energy and the wider world of power, which is likely to come out of this crisis relatively unscathed.
- the (very, but temporarily) Bad: Transportation; road, automotive and air are in an historic freefall as people stop travelling, but we foresee bailouts and ultimately, recoveries.
- the (apocalyptically) Ugly: Oil, obliterated by the collision of once in a century demand destruction and an also historic production glut flamed by the implosion of the OPEC+ cartel.

The co-hosts admit that nobody knows when the various Energy markets will bottom. We won’t speculate whether and when we will go back to the ‘norm’ or is the current crisis a glimpse at the future of Energy … Every listener’s guess is as good as ours.

The Episode nevertheless ends on a upbeat tone: friends and fellows of the Energy Transition, third time’s a charm: We’ve been through crisis in the early 2000’s with Enron+9/11, and we recovered; then in 2008/9 and the GFC, and we recovered. We will recover from this one as well. Because, we’re in it not just for the money, but also for a higher purpose, and that’s why we will always, always transcend the fossil fuel industry.

Book Reference: The Prize, Daniel Yergin
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