Oil Glut

Oil Rig

Just What the World Needs: $20 Per Barrel Oil

Oil prices crashed Monday due to a disagreement between two of the world's largest oil producers, Saudi Arabia and Russia, amidst a slump in oil demand due to the outbreak of the coronavirus pandemic. Oil will flood the market as demand drops.

March 10, 2020 - The Washington Post

Oil Rigs

Just What the Planet Needs: More Oil Production

A surge of oil from four countries—Norway, Guyana, Canada and Brazil—will more than compensate for slowing growth of U.S. oil production. The new sources might cause oil prices to dip to $50 a barrel and slow the transition to electric vehicles.

November 6, 2019 - The New York Times

Climate Talks Won't Tackle the 'Car Problem'

The COP21 talks in Paris won't take on transportation directly, "the world’s fastest-growing energy-based contributor to greenhouse gases," writes David Jolly for The New York Times. Electric vehicles and fuel efficiency face formidable challenges.

December 9, 2015 - The New York Times - Energy & Environment

Plummeting Oil Prices Bring Economic Challenges to U.S. Petro-States

While U.S. motorists are enjoying the cheapest gas prices in five years, domestic oil producers are suffering, though not as badly as oil-exporting nations like Iran, Russia, and Venezuela. How are Texas, Louisiana, North Dakota, and Alaska faring?

December 29, 2014 - The New York Times

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