Declining Oil Prices Makes for Winners… and Losers
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 5 December 2014
⏱️ 53 minutes
🧾️ Download transcript
Summary
Remember when gasoline was sky high? Not any more. The average price for a gallon is now under 3 dollars--and going down. We’ll hear why it’s happening, and what it means for Iran, Russia and the OPEC nations.
Transcript
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| 0:00.0 | Hi, this is Warren Alney. Thanks so much for listening to this podcast of To the Point, |
| 0:04.1 | and I want to tell you about another podcast that's available here at KCRW, |
| 0:08.7 | and that's the program, DNA, hosted by Francis Anderton. |
| 0:13.0 | Francis is well connected in the industry of design and architecture and art. |
| 0:18.1 | She used to be editor of an architecture magazine. |
| 0:22.0 | She knows the trends before they happen. She'll be able to fill you in on them. You can find DNA on KCRW's iTunes page. |
| 0:29.5 | From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point. |
| 0:37.8 | Declining oil prices make for winners and losers. |
| 0:44.6 | Hello again, I'm Armin Alony, and this is To the Point from Public Radio International. |
| 0:48.5 | A daily look at the issues Americans cut about most. |
| 0:51.0 | Remember when gasoline was sky high? Not anymore. |
| 0:56.2 | The average price for a gallon is now under $3 and it's going down. That's good for America's pocketbooks. Big cars and trucks are |
| 1:01.9 | selling again. Home heating oil is more affordable in New England. But it's bad news for the environment. |
| 1:08.4 | We'll hear why it's happening and what it means for Iran, Russia, |
| 1:12.1 | and the OPEC nations. Will the world be more or less stable and the big question? How long |
| 1:18.3 | will this last? Today's talking point? NASA's latest era of exploration. First, here's the news. |
| 1:34.4 | Music exploration. First, here's the news. Listen to KCRW's 24-hour all-news channel. |
| 1:39.1 | Stream BBC World Service, NPR and KCRW programs. |
| 1:45.5 | Continuous coverage and accessible via our smartphone app or online at kCRw.com. |
| 1:55.7 | Support for To the Point comes from the members of KCRW and from the Public Radio International Program Fund. Hello again, Warren. I'll be back with To the Point. Oil now costs less than |
| 2:00.4 | $70 a barrel on the world market and it's expected to go even lower. That's great for America's consumer economy, but it's big trouble for countries that depend on oil exports. We'll look at the consequences, both good and bad, for international stability and for the environment. Today's talking point, if you remember the moon landings, |
| 2:19.0 | it might not sound like such a big deal. But NASA shot an unmanned capsule into space today, |
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