350.org Responds to Oil Prices Falling Below Zero for the First Time in the US
April 21, 2020
April 21, 2020
NEW YORK, April 21 -- The 350.org issued the following news release on April 20:
For the first time ever, US oil prices turned negative, as a consequence of the Coronavirus pandemic - and further proof fossil fuels are too volatile a commodity to power our economies going forward.
Without space to store the unprecedented oversupply, US companies were forced to pay to deposit the excess, and the price of crude oil fell to -$38 per barrel.
In response to the . . .
For the first time ever, US oil prices turned negative, as a consequence of the Coronavirus pandemic - and further proof fossil fuels are too volatile a commodity to power our economies going forward.
Without space to store the unprecedented oversupply, US companies were forced to pay to deposit the excess, and the price of crude oil fell to -$38 per barrel.
In response to the . . .