How is the current collapse in oil prices different from past bus?

Climate One Conversations feature energy companies and environmentalists,

Republicans and Democrats, the exciting and the scary aspects of the climate challenge.

I'm Greg Dalton.

Over the past decade, the U.S. oil industry has grown by leaps and bounds. That's largely due to the spread of fracking technology, helped along by administrations

that have kept the cost of oil leases low.

One of the least told secrets of operating in the United States is it is probably the least

expensive region of the world in which to drill and produce oil.

Today, the U.S. leads the world in oil production surpassing both Russia and Saudi Arabia.

That's led to pushback from environmentalists,

regulators, and some institutional investors. And when it comes to climate change,

major oil companies are under pressure to be part of the solution rather than the problem.

We simply have to get negative emissions. The oil and gas industry, I think, is supremely qualified

to have the scale, to have the

engineers, to have the expertise, to undertake problems like that.

On today's program, we'll talk about the decade in oil, from the go-go days beginning in

2010 to the historic crash of 2020 during the COVID pandemic.

I'm pleased to welcome three distinguished guests.

Heather Richards is a reporter who covers offshore drilling for energy and environment news.

Bill Riley was administrator of the US EPA under the first President Bush,

and he co-chaired the National Commission on the BP Deepwater Horizon Oil Spill.

John Hofmeister is former president of Shell Oil and author of the book, Why We Hate the Oil

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