NewsPronto

 
Men's Weekly

.

USA Conversation

The Conversation USA

The Conversation USA

The oil shock of 2020 appears to be here – and the pain could be wide and deep

  • Written by Scott L. Montgomery, Lecturer, Jackson School of International Studies, University of Washington
Suffering from sanctions, Russia is trying produce more and gain market share. Yegor Aleyev via Getty Images

The world is again undergoing an oil shock.

Prices, already on a downward trend, have collapsed 30% in less than a week, bringing the total fall to nearly 50% since highs in early January. Consumers, of course, can expect gasoline prices to...

Read more: The oil shock of 2020 appears to be here – and the pain could be wide and deep

More Articles ...

  1. The coronavirus will delay agricultural export surges promised in trade deal with China
  2. Coronavirus and tourism: Places like Alaska without a severe COVID-19 outbreak could still be devastated
  3. This isn't the first time sports teams have played in eerily empty arenas
  4. Lessons on wrangling candidates from the masterful moderator of presidential debates, Jim Lehrer
  5. Julius Caesar refused to be crowned king
  6. Plagues follow bad leadership in ancient Greek tales
  7. How coronavirus is upsetting the blood supply chain
  8. How does the coronavirus test work? 5 questions answered
  9. Why a Roman philosopher's views on the fear of death matter as coronavirus spreads
  10. Coronavirus control measures aren't pointless – just slowing down the pandemic could save millions of lives
  11. The first fireside chat calmed an anxious nation and provides a model for today
  12. How the fireside chat provided a model for calming the nation that President Trump failed to follow
  13. What to expect as colleges and universities move classes online amid coronavirus fears: 4 questions answered
  14. Biden's win shows the power of Democratic moderates
  15. The new coronavirus is hitting colleges and universities hard, but donors can help
  16. Ancient bird skull found in amber was tiny predator in the time of giant dinosaurs
  17. Biden's big night with moderates, African Americans and Baby Boomers
  18. Why public universities are chasing rich kids from out of state
  19. There's plenty of toilet paper in the US – so why are people hoarding it?
  20. Can gambling juice fandom for women's sports?
  21. Newborn babies weigh less today – possibly due to the increased popularity of cesarean sections and induced labor
  22. Why so few young Americans vote
  23. Indian Country leaders urge Native people to be counted in 2020 Census
  24. When safety measures lead to riskier behavior by more people
  25. If I get sick with coronavirus, can Donald Trump make me stay home?
  26. A coronavirus recession may be coming: Here's what to do with your money
  27. Protecting mangroves can prevent billions of dollars in global flooding damage every year
  28. 7 science-based strategies to cope with coronavirus anxiety
  29. Graphic novels help teens learn about racism, climate change and social justice – here's a reading list
  30. Black turnout in primaries might make Democrats think twice about swing voter strategy
  31. Mennonites helped turn Paraguay into a mega beef producer – indigenous people may pay the price
  32. A geriatrician offers 4 tips for seniors to stay connected during coronavirus outbreak
  33. How a tech-based program on health brought African American kids and parents together
  34. Does screening travelers for disease and infection really work?
  35. Malnourished bugs: Higher CO2 levels make plants less nutritious, hurting insect populations
  36. Will sick leave protect me if I get ill from coronavirus? 5 questions answered
  37. Can I take time off if my child's school is closed for coronavirus? 5 questions on sick leave laws answered
  38. Why the US still hasn't had a woman president
  39. The candidate you like is the one you think is most electable
  40. From border security to climate change, national emergency declarations raise hard questions about presidential power
  41. How technology can combat the rising tide of fake science
  42. I was in China doing research when I saw my Uighur friends disappear
  43. Dung beetles help rainforests regrow – but extreme drought and wildfires in the Amazon are killing them off
  44. Should you listen to music when you work?
  45. What's the difference between pandemic, epidemic and outbreak?
  46. Speeches, both scripted and off the cuff, turn Biden's campaign around
  47. How big will the coronavirus epidemic be? An epidemiologist updates his concerns
  48. Why some Americans don't trust the census
  49. Crisis communication researcher shares 5 key principles that officials should use in coronavirus
  50. Washington's recession-fighting toolbox is nearly empty as US economy braces for possible coronavirus outbreak