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The Source: Price Slides, Strikes, And Other 1980s Reminders

C.M. Keiner http://bit.ly/1JD6Gxb

After a brief reprieve from declining prices, and a slight rise, the oil energy market has moved back into negative territory, under $50 a barrel. 

The largest organized labor strike in 30 years is hitting domestic refineries, increasing this weekend to the largest refinery in Texas and the US with the addition of Port Arthur's Motiva Enterprise refinery.

What impact will it have?

Many jobs have already been shed, and production will fall this year, but many fear a 1980s-style bust. 

Are these fears overblown?


  • Russell Gold, Senior Energy Reporter for The Wall Street Journal
  • Jim Krane, Wallace S. Wilson Fellow for energy studies at Rice University's Baker Institute for Public Policy
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Paul Flahive can be reached at Paul@tpr.org and on Twitter at @paulflahive