"‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation"
"Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble."
Source: NY Times, 04/22/2020
Energy & Fuel
"Wind Tops Coal In U.S. Power, Marking Its Rapid Ascent"
"Wind generated more electricity nationally than coal on three separate days over the past six weeks, according to an E&E News review of federal data."
Source: ClimateWire, 04/22/2020
"Pandemic: Coal Company With Pruitt Ties Among Loan Recipients"
"A coal mining company with ties to Scott Pruitt, and a handful of companies serving the oil and natural gas industry, are among the beneficiaries of a loan program Congress established to help small businesses get through the coronavirus pandemic."
Source: Greenwire, 04/22/2020
For Oil Market Data, You Don’t Need Slippery Sources
Tracking the oil market — or more precisely, the price of oil — will tell you a great deal about environmental issues, whether it be fracking, pipelines, land use, toxic emissions or more. The latest Reporter’s Toolbox helps you follow the data for your stories. Plus, a Backgrounder on Big Oil and how it drives not just energy but environment stories.
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"Economic Toll Endangers Key Climate Goal: Cleaner Cars"
"The economic downturn triggered by the novel coronavirus pandemic threatens to stall multistate goals to put more clean cars on the road."
Source: ClimateWire, 04/21/2020
"Oil Spirals Below Zero in ‘Devastating Day’ for Global Industry"
"The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay $40 a barrel just to get somebody to take crude off their hands."
Source: Bloomberg, 04/21/2020
Turmoil in World Oil Markets Tips Environmental Scales Too
The dramatic drop in demand for oil, driven by the shutdown of world economies by coronavirus, has meant a corresponding fall in prices. And that has profound environmental implications. But it’s a complicated dynamic to assess. Our Issue Backgrounder provides a look under the hood of Big Oil, and explains what it means for environment reporters. Plus, a Reporter’s Toolbox for tracking the data.
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Analysis: "For Oil and Its Dependents, It’s Code Blue"
"The great price collapse of 2020 will topple companies and transform states."
Source: The Tyee, 04/20/2020
"A Decade Later, Gulf Residents Suffer From BP’s Toxic Legacy"
"The people who cleaned up the 200 million-gallon Deepwater Horizon oil spill say they are still dealing with the health and economic fallout."
Source: HuffPost, 04/20/2020
"U.S. Weighs Paying Drillers to Leave Oil in Ground Amid Glut"
"The Trump administration is considering paying U.S. oil producers to leave crude in the ground to help alleviate a glut that has caused prices to plummet and pushed some drillers into bankruptcy."
Source: Bloomberg, 04/17/2020
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