logo
episode-header-image
Apr 2020
15m 36s

In Brief: Why oil prices tumbled below $...

CBC
About this episode
COVID-19 lockdowns have taken a major swipe at the dominance of oil…as the worth of a barrel of U.S. oil tumbled to less than nothing. That's the first time in history that the price has turned negative. So, what does that mean exactly - and how did it happen? To explain it all, we talk to CBC News national business correspondent, Peter Armstrong. 
Up next
Today
Young people can't find jobs. Is Canada's economy in trouble?
The unemployment rate for Canadians between 15 and 24 is at 15 percent, the highest it's been since 2010, not including the pandemic.Why can't young people find a job? And how do these numbers fit into the wider health of our economy at the moment?Economist and Atkinson Fellow on ... Show More
21m 25s
Aug 22
Escape, immortality, AI: Silicon Valley's blueprint for the future
Elon Musk wants a million people living on Mars within 20 years. Jeff Bezos imagines a trillion humans in space, living in a constellation of space stations the size of major cities within a few generations. Sam Altman, CEO of OpenAI, is preparing for a future where rogue AI coul ... Show More
33m 35s
Aug 21
How Christian Zionism became a key force in U.S. politics
Christian Zionism — the belief that the modern state of Israel fulfills biblical prophecy — has existed as a theological concept for well over a century. But in the past couple decades its political power and influence in the United States has surged, with many of Donald Trump's ... Show More
38m 59s
Recommended Episodes
Apr 2020
A Glut in Oil
Something weird happened last week. It was something that millions of people who have faced years of painful prices at the gas pump never expected: The cost of a barrel of oil dropped into the negatives. Today, we explore why this happened, and what it reveals about the state of ... Show More
27m 23s
Sep 2023
Oil price hits 10-month high
Global oil prices have reached their highest level in more than ten months. Brent crude rose above ninety-five dollars a barrel on Tuesday. The increase is being driven by production cuts by two of the world's largest oil exporters, Saudi Arabia and Russia. The International Ener ... Show More
27m 13s
Feb 2024
How Surging US Oil Output Is Being Moved and Stored
US oil production has surged to an all-time record of more than 13 million barrels produced per day. But where's all that crude actually going? And how is it being handled and stored? On this episode, we speak with Steven Barsamian, chief operating officer at the Tank Tiger, a cl ... Show More
41m 34s
May 2020
Oil Shock 2020
The oil price has crashed - for a while some producers were even paying customers to take it away. It's like no oil shock the industry has ever seen before. Lesley Curwen sets out to discover what difference cheap oil will make to our lives. Which jobs are at risk? Will there be ... Show More
28m 22s
Nov 2021
U.S. to Tap into 50M Barrels of Reserve Oil to Tame Rising Gas Prices
DB-Nov 23,2021:The U.S. Department of Energy announced it will release 50 million barrels of crude oil from the Strategic Petroleum Reserve to battle gas prices and tame inflation. Gold and silver prices have also slipped lately – so it may be time to be bullish. Tony Greer joins ... Show More
40m 47s
Aug 2022
This Is What Actually Determines the Price of A Gallon of Gas
Gas prices are central to everything these days. Biden's approval rating seems to move inverse with the price of gasoline. The entire market started rallying after gasoline prices started moving lower in June. But then, what exactly determines the price of gasoline? Of course oil ... Show More
34m 53s
Dec 2022
What is Happening in Oil?
On today’s show we are talking about what is happening in the world of energy. There are so many moving parts right now that it’s hard to make sense of what is going to happen to energy prices, and oil prices in particular. 
7m 19s