WBEZ Radio NPR Chicago

How OPEC And Oil Prices Impact Our Everyday Lives

March 10, 2020

A screen above the floor of the New York Stock Exchange shows the closing number for the DJIA, Monday, March 9, 2020. The Dow Jones Industrial Average sank 7.8%, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize markets.  

Global markets, already jittery over coronavirus, cratered yesterday after crude oil prices dipped by over 30 percent. It was the biggest price drop since the 1991 Gulf War.

Oil industry analyst and investigative journalist, Antonia Juhasz, tells Reset why and oil prices significantly impact your everyday life.

GUEST: Antonia Juhasz, investigative journalist specializing in the oil industry. She’s currently a Scripps Journalism fellow at the University of Colorado in Boulder. Her latest book is Black Tide: the Devastating Impact of the Gulf Oil Spill.