The end of oil? Pandemic adds to fossil fuel glut, but COVID-19 relief money flows to oil industry

“The pandemic has taken essentially every weakness that already existed in the oil industry and then made each of them much, much worse..."

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SOURCEDemocracy Now!

As the coronavirus pandemic contributes to a glut of fossil fuels, groups like Greenpeace are calling on Democratic presidential candidate Joe Biden to ban fossil fuel interests from his campaign and administration, if he wins, even as he recently declared at a campaign stop that he “will not ban fracking.” We discuss the politics of fossil fuels with reporter Antonia Juhasz, who says the end of oil could be near, and look at how the industry has profited from the COVID bailout. “The pandemic has taken essentially every weakness that already existed in the oil industry and then made each of them much, much worse, leaving the oil industry in a situation where I would argue it is at its weakest since its inception,” she says.

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