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The Global Energy Prize annually honors outstanding achievements in energy research and technology from around the world that are helping address the world’s various and pressing energy challenges.

Coronavirus and oil crisis. Effective tips how to succeed from Dietrich Moeller

Dietrich Moeller (Germany), the Global Energy Prize International Award Committee member, Professor, Doctor of technical sciences, lecturer at MIIT, former President of Siemens Russia.

In this very dynamic situation, it’s not possible to give serious statements for development scenarios for the global and the Russian economy.  Corona virus has today substantial impact to tourism, fairs, air traffic etc. Depending on further development it could also hit different industries. Other factors like the oil price development based on the discussion between OPEC and Russia could also influence the economies. My advice for managers would be to evaluate the situation on a day to day basis, react very fast on changes and to see not only the risks but also the chances in this crisis (“Don’t miss a good crisis!”)

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