The Oil Industry's 'Game Of Chicken'
Amidst plummeting oil prices, what is the future of the oil industry? One expert says that it is a "game of chicken" to see which company will fall out first.
Amidst plummeting oil prices, we evaluate how we got here and what the future of the industry is. Industry expert Antonia Juhasz says that despite thousands of job losses in the industry, firms are still producing the same amount of oil - and that it is a "game of chicken" to see which company will fall out first. Finally, we find out why the low oil price could make us fatter - economist Tim Harford explains the unexpected social consequences of the oil price drop.
(Picture: Hands holding black oil. Credit: Getty Images)
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- Thu 4 Feb 2016 08:32GMT大象传媒 World Service except News Internet
- Thu 4 Feb 2016 09:32GMT大象传媒 World Service US Public Radio
- Thu 4 Feb 2016 15:06GMT大象传媒 World Service except East and Southern Africa, News Internet & West and Central Africa & 大象传媒 World Service US Public Radio
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