Notes from the Editors, June 2020

Notes from the Editors

  • - The Editors
Keywords: Health, Capitalism, Economic Crisis, Political Economy, Inequality

Abstract

The current massive oil glut is the product of the effects of the tight oil or shale oil revolution, which for a time turned the United States into the biggest oil and gas producer in the world. Now, suddenly as a result of an overproduction of world oil, made far worse by the sudden falloff in demand due to the COVID-19 pandemic, we are witnessing the possible euthanasia of the U.S. tight oil industry, bleeding cash even before the oil price collapse and encumbered with mountains of debt.

Published
2020-06-01
Section
Notes from the Editors