When Oil Falls, Who Wins?

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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.

Credits

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

Host:
Warren Olney

Producers:
Benjamin Gottlieb, Katie Cooper