Is the Gravy Train over for Oil?
To the Point
KCRW
4.4 • 583 Ratings
🗓️ 21 October 2015
⏱️ 53 minutes
🧾️ Download transcript
Summary
The price of oil has dropped like a stone in the past few months, and the price of gasoline is going down along with it. While it's good news for drivers -- at least for the moment, is it a sign of long-term weakness in the oil economy?
Transcript
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| 0:00.0 | Hey, I'm Josh Barrow, your new host of Left, Right, and Center. |
| 0:02.9 | Every week, join Rich Lowry, Bob Shear and Me for a contentious yet civilized debate of the week's big political stories, from ISIS to the U.S. economy to this 47 candidate presidential election we're having. |
| 0:13.7 | You can find Left, Right, and Center on KCRW's iTunes page. |
| 0:17.9 | From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point. |
| 0:25.8 | What's happened in North America's oil boom? |
| 0:31.9 | Hello again, I'm Armin Alney, and this is To the Point from Public Radio International. The daily look at the issues Americans cut about most. |
| 0:38.5 | Shell won't be exploring for oil in the Arctic Ocean after all. |
| 0:42.6 | In the Gulf of Mexico, leases for new oil wells aren't selling. |
| 0:46.2 | Tens of thousands of workers are being laid off from Texas to North Dakota to central Canada. |
| 0:51.6 | Hydraulic fracking equipment is lying idle. |
| 0:56.0 | Is it just another decline in a boom and bust industry or the beginning of the end of the oil economy? Also on our program, |
| 1:02.0 | Vice President Joe Biden finally decides. I believe we're out of time, the time necessary to |
| 1:07.5 | mount a winning campaign for the nomination. |
| 1:11.7 | First up, here's the rest of the news. |
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| 1:28.1 | Continuous coverage and accessible via our smartphone app or online at KCRW.com. |
| 1:37.9 | Support for To The Point comes from the members of KCRW and from the Public Radio International Program Fund. |
| 1:44.8 | Hello again, Warren Olney, back with To the Point. The price of oil is half what it was just a year ago, |
| 1:49.5 | and the price of gasoline is going down along with it. Good news for drivers, at least for the moment. |
| 1:54.8 | Is it a sign of long-term weakness in the oil economy? Today's talking point, Syria's President Bashar al-Assad talks politics with |
| 2:03.1 | President Putin in Moscow. First, here's this news update. In the White House Rose Garden today with |
... |
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