Commentary

The recent energy crisis has had an extensive impact on entire economies, revealing the vulnerability of businesses and consumers to shocks in the energy market.

The COVID-19 pandemic was a high-impact, low-probability, and disruptive event that had negative implications that no individual, industry, or government could have properly prepared for. The repercussions were felt almost immediately on an individual and collective scale. From jobs and income being lost to government-enforced lockdowns, the world seemingly stood still due to the adverse effects of the pandemic.