Where Crude Oil Goes When There's Nowhere to Store It

Episode description

The price of oil is at a once-unthinkable low due to the coronavirus pandemic and its accompanying drop off in demand. In fact, the global supply of crude outstrips demand by so much that simply finding a place to store it all is becoming a problem.

This sudden shift in oil markets could have huge ramifications for the environment, as faulty or haphazard oil storage is a particularly acute source of pollution.

On this episode of Parts Per Billion, we hear from Rachel Adams-Heard, a Bloomberg News energy reporter based on Houston, about some of the environmental risks of ultra-cheap oil and about whether, if the price of crude continues to fall, illegal dumping may all of a sudden become financially attractive.

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