The global energy market crashed in 2020 as weak demand,...

• The global energy market crashed in 2020 as weak demand, ramped-up production, and the COVID-19 pandemic sent oil prices tumbling
• The sector gradually recovered in the 12 months after the crash, but U.S. petrol has hit a massive supply crunch just this month after a major cyberattack against fuel pipeline operator Colonial Pipeline
• Yet, the Australian government has pegged the energy market as one of the catalysts for the nation's COVID-19 economic recovery
• Prime Minister Scott Morrison and Energy Minister Angus Taylor have outlined a string of government measures to prop up the energy sector in coming months and years
• On top of this, analysts like Deloitte, UBS and Goldman Sachs are all predicting rising oil prices over the next few years
• Given the ASX energy sector is still far below its pre-pandemic glory, the energy market could present a unique opportunity to Australian investors
• On the upper end of the market, the likes of Santos (STO) and Beach Energy (BPT) could offer relatively safe but smaller gains to investors
• On the junior, more speculative side of the market, the likes of State Gas (GAS), Australis Oil and Gas (ATS) and ADX Energy (ADX) are on watch by investors
• Whether ASX investors opt for safe or speculative plays, the energy market has been largely overlooked in Australia's COVID-19 market recovery so far

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