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The Oil Industry's 'Game Of Chicken'

February 4th, 2016

Episode 452 of 644 episodes

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's 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.

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