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Back to Press Play with Madeleine Brand

Press Play with Madeleine Brand

A Worldwide View of Low Oil Prices

It’s not just California that’s feeling the effects of cheap oil. Thousands of contract workers in the oil industry have been laid off around the world. This week, oil giant BP announced that it will freeze pay for 84,000 workers, and governments in places like Venezuela, Nigeria and Russia - which are dependent on oil - are running out of money.

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By Madeleine Brand • Jan 29, 2015 • 1 min read

It’s not just California that’s feeling the effects of cheap oil. Thousands of contract workers in the oil industry have been laid off around the world. This week, oil giant BP announced that it will freeze pay for 84,000 workers, and governments in places like Venezuela, Nigeria and Russia - which are dependent on oil - are running out of money. We take a look at how low oil prices are playing out around the globe.

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Madeleine Brand

    Host, 'Press Play'

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    Andrew Walsh

    Too Beautiful to Live

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

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    Matt Holzman

    Producer, 'The Document'

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    Gary Hufbauer

    Peterson Institute for International Economics

    News
Back to Press Play with Madeleine Brand