Judging from the headlines, America's energy sector could collapse at any moment. Scattered amidst coronavirus coverage are reports of plummeting energy stocks and commodities traders paying people to take barrels of oil off their hands.
The COVID-19 outbreak certainly disrupted the energy sector, just as it has countless other industries. But these setbacks are only temporary. Oil prices have already started to rebound as global markets adjust to the COVID-19 outbreak. Once demand returns to normal, so will the energy industry.