Oil Shock 2020

May 24, 2020 · 28m 30s
Oil Shock 2020
Description

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....

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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 a knock-on effect on our household finances - utility bills and pensions for example? And as lockdowns slowly start to ease, could it change how much we rely on oil for good?

Presenter: Lesley Curwen
Producer: Beth Sagar-Fenton

Picture Credit: Colin McPherson/Corbis via Getty Images)
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Information
Author BBC
Organization BBC
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