Where Crude Oil Goes When There's Nowhere to Store It

The price of oil is at a once-unthinkable low due to the coronavirus pandemic and its accompanying drop off in demand. In fact, the global supply of crude outstrips demand by so much that simply finding a place to store it all is becoming a problem. This sudden shift in oil markets could have huge ramifications for the environment, as faulty or haphazard oil storage is a particularly acute source of pollution. On this episode of Parts Per Billion, we hear from Rachel Adams-Heard, a Bloomberg News energy reporter based on Houston, about some of the environmental risks of ultra-cheap oil and about whether, if the price of crude continues to fall, illegal dumping may all of a sudden become financially attractive.