The price of oil is at a once-unthinkable low due to the coronavirus pandemic and its accompanying drop off in demand. In fact, the global supply of crude outstrips demand by so much that simply finding a place to store it all is becoming a problem.




This sudden shift in oil markets could have huge ramifications for the environment, as faulty or haphazard oil storage is a particularly acute source of pollution.




On this episode of Parts Per Billion, we hear from Rachel Adams-Heard, a Bloomberg News energy reporter based on Houston, about some of the environmental risks of ultra-cheap oil and about whether, if the price of crude continues to fall, illegal dumping may all of a sudden become financially attractive.

 Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

The price of oil is at a once-unthinkable low due to the coronavirus pandemic and its accompanying drop off in demand. In fact, the global supply of crude outstrips demand by so much that simply finding a place to store it all is becoming a problem. This sudden shift in oil markets could have huge ramifications for the environment, as faulty or haphazard oil storage is a particularly acute source of pollution. On this episode of <a href="https://news.bloomberglaw.com/podcasts/parts-per-billion">Parts Per Billion</a>, we hear from <a href="https://twitter.com/racheladhe">Rachel Adams-Heard</a>, a Bloomberg News energy reporter based on Houston, about some of the environmental risks of ultra-cheap oil and about whether, if the price of crude continues to fall, illegal dumping may all of a sudden become financially attractive. Learn more about your ad-choices at <a href="https://www.iheartpodcastnetwork.com">https://www.iheartpodcastnetwork.com</a>

Parts Per Billion is Bloomberg Law's environmental policy podcast. We cover everything from air pollution, to toxic chemicals, to corporate sustainability, and climate change. The reporters from our environment desk offer an inside look at what's happening at Congress, in the courts, and at the federal agencies, and help explain the scientific and policy debates shaping environmental laws and regulations. Host: David Schultz

Parts Per Billion is an environmental policy podcast from Bloomberg Law.

Parts Per Billion

Where Crude Oil Goes When There's Nowhere to Store It

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ba92cbc1-4059-4205-8fd2-ae39008b972c/transcript

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