The Corona pandemic and its repercussions on changing the map of distribution of energy sources

Authors

  • AKRAM NEAMAH Ali University of Kufa, Faculty of Administration and Economics
  • Ali Abbas Obaid University of Kufa, Faculty of Administration and Economics

DOI:

https://doi.org/10.36325/ghjec.v18iSpecial%20issue.14423

Keywords:

Corona pandemic, energy resources

Abstract

The concept of a pandemic is used when an epidemic becomes widespread on a very wide scale and cannot be controlled. A large portion of research comparing epidemics and pandemics focuses on influenza because it occurs regularly and seasonally as epidemics and in some cases turns into a pandemic, as studies on epidemics and pandemics resulting from influenza have indicated. In the twentieth century, it was difficult to compare an epidemic to a pandemic due to the changes and mutations in its strains. The repercussions of the pandemic on the energy sector also led to the spread of a state of panic in global energy markets. The global energy system was the most affected ever, and this led to a reduction in the need for energy in all its forms. Its types. The repercussions of the Corona pandemic also had a clear role in changing the global energy mix, as fossil fuel production declined significantly, as the percentage of its decline reached about (-5%) according to the average annual change for the years (2019-2020), after it was about (1.9%). In (2018-2019), these repercussions also caused a decline in global demand and supply for all types of fossil fuels, and oil is the most declining, as its decline rate reached about (-7%) according to the average annual change for the years (2019-2020), as for natural gas, despite Demand recovered early, as production declined by about (-2.8%).

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Published

2022-11-17

How to Cite

Ali, A. N. and Obaid, A. A. (2022) “The Corona pandemic and its repercussions on changing the map of distribution of energy sources”, Al-Ghary Journal of Economic and Administrative Sciences, 18(00), pp. 337–350. doi: 10.36325/ghjec.v18iSpecial issue.14423.

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