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FROM THIS EPISODE

Remember when gasoline was sky high? Not any more. The average price for a gallon is now under 3 dollars--and going down. That’s good for America’s pocket books; big cars and trucks are selling again; home heating oil is more affordable in New England. But it’s bad news for the environment. We’ll hear why it’s happening, and what it means for Iran, Russia and the OPEC nations. Will the world be more or less stable? And the big question: how long will this last?

Plus, an update on the most recent U.S. jobs report, and NASA’s latest “era of space exploration.”

Banner Image: A Columbia QuikTrip pump displays the current gas prices with prices ranging from $2.32 for Unleaded to $2.62 for Premium. Almost a year ago, gas prices were exactly a dollar more per gallon in mid-Missouri.; Credit: KOMUnews

Producers:
Benjamin Gottlieb
Katie Cooper

Jobs Report Points to a Healthy, Robust US Economy 6 MIN, 30 SEC

The benefits of economic recovery have been slow to take hold, but today’s employment numbers suggest they’re finally arriving. Some 321,000 new people were hired last month—and this year may be the strongest in job creating since 1999. Ben Leubsdorf reports for the Wall Street Journal.

Guests:
Ben Leubsdorf, Wall Street Journal (@BenLeubsdorf)

When Oil Falls, Who Wins? 33 MIN, 58 SEC

It seems like yesterday that oil prices were going up—pushing the price of gasoline along with them. Oh, how times have changed. One oil analyst says we’re seeing an “epic” transformation—bigger than anything in a generation.

Oil now costs less than 70 dollars a barrel on the world market, and it’s expected to go even lower. That’s great for America’s consumer economy, but it’s big trouble for countries that depend on oil exports. We’ll look at the consequences, both good and bad—for international stability and the environment.

Guests:
Tom Kloza, Oil Price Information Service (@OPIS)
Christopher Knittel, MIT (@MITSloan)
Michael A. Levi, Council on Foreign Relations (@levi_m)
Steve Lavine, President, CalArts

NASA’s Orion Nails Its Test Flight 9 MIN, 20 SEC

NASA today launched and retrieved its Orion capsule—the next vehicle designed for human space exploration. It orbited Earth twice and landed “right on target” in the ocean southwest of San Diego. Jeff Foust is Senior Staff Writer at SpaceNews, joining us from the Kennedy Space Center.

Guests:
Jeff Foust, SpaceNews (@jeff_foust)

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