The News Of Tomorrow, Today
The News Of Tomorrow, Today
fossil fuels
Picture bogs swarming with plant-life, oceans teeming with life, dinosaurs roaming the Earth. Picture those plants and animals dying, and over the course of 300 million years, becoming coal, oil, and gas through a complex series of processes beneath the soil. Fast forward to the present and now see the…
The oil industry isn’t looking too great, folks. That’s especially true for Exxon, which has lost upward of $US1 ($1) billion due to the economic crisis last quarter alone. Its downward spiral isn’t over, though.
The coronavirus took over the world and cratered the economy, leaving governments to pick up the pieces. In the case of the U.S. government, it awarded billions of dollars to the fossil fuel industry, billions that could’ve instead gone to people in financial trouble across the country.
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