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battle against climate change. Register at Bloomberg Live.com slash B Green Radio. Hello and welcome to another episode of the All-Thlots podcast.

I'm Tracy Allaway.

And I'm Joe Weisenthol.

So, Joe, we have seen an absolutely stunning drop in the price of oil.

That is to put it mildly, I would say, the stunning drop.

I mean...

stunning, stunning is mild.

You know, oil had already been precipitously declining all year,

amid concerns about economic growth and supply.

And then, of course, over the weekend Saudi Arabia just came out and shocked the world.

Yeah so Saudi Arabia basically said it wasn't going to extend the production cut agreement that had kind of provided a floor for oil prices for a few years now.

Oil promptly fell something like 30% over the weekend which was the biggest fall since the first Gulf War and it's

recovered a bit since then at the time of our recording I think Brent the Global Benchmark for Crude is trading at

$37 a barrel and W.T. I in the US is at $33 a barrel but it is still massively

bad news for the US energy sector.

Yeah, absolutely right.

When oil opened and so just so that people

...