"The day started like any other gloomy Monday in the oil market’s worst crisis in a generation. It ended with prices falling below zero, thrusting markets into a parallel universe where traders were willing to pay $40 a barrel just to get somebody to take crude off their hands."
The dramatic drop in demand for oil, driven by the shutdown of world economies by coronavirus, has meant a corresponding fall in prices. And that has profound environmental implications. But it’s a complicated dynamic to assess. Our Issue Backgrounder provides a look under the hood of Big Oil, and explains what it means for environment reporters. Plus, a Reporter’s Toolbox for tracking the data.
How do you gain perspective on a widespread public health disaster? Award-winning reporter Apoorva Mandavilli shares valuable lessons on using a small lens to cover a big story — no, not COVID-19, but the deadly 1984 gas leak in Bhopal, India. And as she explains in this Inside Story Q&A, this decades-old story never really went away in the first place.
"The great price collapse of 2020 will topple companies and transform states."
"Plummeting global demand for fish and seafood as a result of the coronavirus crisis is likely to create an effect similar to the halt of commercial fishing during World Wars I and II, when the idling of fleets led to the rebound of fish stocks."
"The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global warming effect may generate a chaotic year of extreme weather ahead."
"A decade of health disinformation promoted by President Vladimir Putin of Russia has sown wide confusion, hurt major institutions and encouraged the spread of deadly illnesses."
"On Feb. 3, soon after the World Health Organization declared the coronavirus to be a global health emergency, an obscure Twitter account in Moscow began retweeting an American blog. It said the pathogen was a germ weapon designed to incapacitate and kill. The headline called the evidence “irrefutable” even though top scientists had already debunked that claim and declared the novel virus to be natural.
If you’re looking for perspective in your reporting connected with the coronavirus story, it might help to turn to the extensive library of non-fiction books offering insight into disease and epidemics. Our own Bob Wyss offers a helping hand, with a select list of the most useful texts. Plus, links to resource lists for many more, in the latest BookShelf.
"OPEC and its allies locked in a historic oil supply accord Sunday after Saudi Arabia, under pressure from the US, agreed to give Mexico a looser production quota, ending a four-day stalemate that threatened to escalate a price war in the midst of the coronavirus crisis."
"The destruction of forests into fragmented patches is increasing the likelihood that viruses and other pathogens will jump from wild animals to humans, according to a study from Stanford University published this month."
