Reflect on your learning about economics against the context of the oil and gas industry. Consider the following questions about the industry:

1.) What challenges and/or opportunities do you think oil and gas industry is facing for the rest of 2020 and all of 2021 in terms of the economy?

2.) How do you think oil and gas industry is going to transform over the next few years in response to changes to the economy that arise from the COVID-19 event?

Please include your rationale for your conclusions. Maximum of 600 words. Thank you.