Group 1: Oil Price Volatility - During the initial phase of the pandemic, crude oil prices dropped to a negative $36.98 per barrel on April 20, 2020, but recovered to $123.64 per barrel by March 8, 2022, due to vaccine rollouts and economic reopening [1] Group 2: Midstream Companies' Resilience - Midstream companies like Kinder Morgan, MPLX, and The Williams Companies are less vulnerable to commodity price volatility compared to oil and gas producers, as they generate stable fee-based revenues from long-term contracts [2][3] - Kinder Morgan operates a vast network of oil and gas pipelines spanning 83,000 miles, primarily earning from take-or-pay contracts, which provides a resilient business model [4] - MPLX's midstream operations focus on transporting crude oil and refined products, ensuring stable cash flows through long-term shipper contracts [5] - The Williams Companies is positioned to benefit from the increasing demand for clean energy, engaging in the transportation, storage, gathering, and processing of natural gas and natural gas liquids [5][6] - The Williams Companies' pipeline network covers over 30,000 miles and meets 30% of the nation's natural gas consumption, supporting heating and clean energy generation [6]