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Antonia Juhasz

The End of Oil? Pandemic Adds to Fossil Fuel Glut, But COVID-19 Relief Money Flows to Oil Industry

Antonia Juhasz interviewed by Amy Goodman- Democracy Now, September 2, 2020

AMY GOODMAN: Longtime Massachusetts senator and Green New Deal champion Ed Markey won his primary against challenger Congressmember Joe Kennedy III Tuesday, marking a victory for progressives and the first time a Kennedy has lost an election in the state of Massachusetts. Senator Markey secured 54% of the vote in a primary race seen by many as a showdown between the Democratic establishment and its new and growing progressive wing. House Speaker Nancy Pelosi endorsed Kennedy, while Markey had the support of New York Congressmember Alexandria Ocasio-Cortez and the youth-led Sunrise Movement. The Sunrise Movement tweeted in response to the victory, quote, “After winning elections across the country, you think we’re gonna stop now? They wish. We will protest outside the halls of Congress while our allies on the inside negotiate the Green New Deal,” they said.

This comes as Democratic presidential candidate Joe Biden said he would not ban fracking during a speech in Pittsburgh. A group of 145 organizations, including Sunrise Movement and Greenpeace, have released a letter calling on Biden to ban fossil fuel interests from his campaign and administration, if he wins. The letter reads, quote, “To advance environmental justice, you must stand up to fossil fuel CEOs, stop the expansion of oil, gas and coal production, and rapidly transition us away from fossil fuels,” unquote.

This comes as the global oil industry is in crisis with falling demand and crashing prices exacerbated by the coronavirus pandemic. Despite this, fossil fuel companies continue to pump out an excess of oil, much of it stored on tankers in the ocean. In May, as 390 million barrels of oil and gas sat in storage on the world’s oceans, Greenpeace activists sailed out along the San Francisco Bay, unfurling a banner saying “Oil Is Over! The Future Is Up to You.”

GREENPEACE ACTIVIST: I’m here in San Francisco Bay, where floating oil storage tankers are now idling, storing oil that no one wants and where we have nowhere to put.

AMY GOODMAN: Despite this, Congress has poured billions of dollars of COVID relief funds into bailing out the fossil fuel industry.

We go now to Boulder, Colorado, where we’re joined by Antonia Juhasz, an oil and energy reporter, a Bertha fellow in investigative journalism. And her recent cover story for Sierra magazine is “The End of Oil Is Near,” along with another report, “Bailout: Billions of Dollars of Federal COVID-19 Relief Money Flow to the Oil Industry.” She’s the author of several books, most recently, Black Tide: The Devastating Impact of the Gulf Oil Spill.

The End of Oil Is Near: the pandemic may send the petroleum industry to the grave

By Antonia Juhasz - Sierra, August 24, 2020

This past spring, coastlines around the globe took on the feel of an enemy invasion as hundreds of massive oil tankers overwhelmed seaports from South Africa to Singapore. Locals and industry analysts alike used the word armada—typically applied to fleets of warships—to describe scenes such as when a group of tankers left Saudi Arabia en masse and another descended on China. One distressed news article proclaimed that a “floating hoard” of oil sat in tankers anchored across the North Sea, “everywhere from the UK to France and the Netherlands.” In April, the US Coast Guard shared an alarming video that showed dozens of tankers spread out for miles along California’s coast.

On May 12, Greenpeace activists sailed into San Francisco Bay to issue a challenge to the public. In front of the giant Amazon Falcon oil tanker—which had been docked in the bay for weeks, loaded up with Chevron oil—they unfurled a banner reading, “Oil Is Over! The Future Is Up to You.”

The oil industry has turned the oceans into aquatic parking lots—floating storage facilities holding, at their highest levels in early May, some 390 million barrels of crude oil and refined products like gasoline. Between March and May, the amount of oil “stored” at sea nearly tripled, and it has yet to abate in many parts of the world.

This tanker invasion is only one piece of a dangerous buildup in oil supply that is the result of an unprecedented global glut. The coronavirus pandemic has gutted demand, resulting in the current surplus, but it merely exacerbated a problem that’s been plaguing the oil industry for years: the incessant overproduction of a product that the world is desperately trying to wean itself from, with growing success.

Today, the global oil industry is in a tailspin. Demand has cratered, prices have collapsed, and profits are shrinking. The oil majors (giant global corporations including BP, Chevron, and Shell) are taking billions of dollars in losses while cutting tens of thousands of jobs. Smaller companies are declaring bankruptcy, and investors are looking elsewhere for returns. Significant changes to when, where, and how much oil will be produced, and by whom, are already underway. It is clear that the oil industry will not recover from COVID-19 and return to its former self. What form it ultimately takes, or whether it will even survive, is now very much an open question.

Under President Donald Trump, the United States has joined other petroleum superpowers in efforts to maintain oil’s dominance. While government bailout programs and subsidies could provide the lifeline the industry needs to stay afloat, such policies will likely throw good money after bad. As Sarah Bloom Raskin, a former Federal Reserve governor and former deputy secretary of the Treasury, has written, “Even in the short term, fossil fuels are a terrible investment. . . . It also forestalls the inevitable decline of an industry that can no longer sustain itself.”

In contrast to an agenda that doubles down on dirty fuels, a wealth of green recovery programs aim to keep fossil fuels in the ground as part of a just transition to a sustainable and equitable economy. If these policies prevail, the industry will rapidly shrink to a fraction of its former stature. Thus, as at no other time since the industry’s inception, the actions taken now by the public and by policymakers will determine oil’s fate.

The Greenpeace activists are right. Whether the pandemic marks the end of oil “is up to you.”

Death on the Dakota Access: Oil & Gas Boom Generates Dangerous Pipeline Jobs Amid Lax Regulations

Antonia Juhasz interviewed by Amy Goodman - Democracy Now!, September 12, 2018

AMY GOODMAN: We are broadcasting from San Francisco, the site of this week’s Global Climate Action Summit. I’m Amy Goodman. Thousands, tens of thousands of people marched here in San Francisco Saturday to demand action on climate, jobs and justice, as they kicked off the Rise Against Climate Capitalism conference, a counter-conference to California Governor Jerry Brown’s Global Climate Action Summit.

Today the conference will highlight the common goals of climate activists and labor. That’s also the focus of an explosive new report headlined “Death on the Dakota Access: An investigation into the deadly business of building oil and gas pipelines,” published today in the Pacific Standard magazine. It looks at the deaths of two men who worked on DAPL—that’s the Dakota Access pipeline—and the massive oil and natural gas boom that’s generated some of the deadliest jobs in the country.

For more, we’re joined by the report’s author, Antonia Juhasz, longtime oil and energy journalist. Her books include Black Tide: The Devastating Impact of the Gulf Oil Spill and The Tyranny of Oil: The World’s Most Powerful Industry—and What We Must Do to Stop It.

Welcome back to Democracy Now! It’s great to have you with us, Antonia.

ANTONIA JUHASZ: Thanks for having me, Amy.

AMY GOODMAN: So talk about why you began this piece, why you started this investigation, “Death on the Dakota Access.”

ANTONIA JUHASZ: Yeah, I’d been covering Standing Rock for some time, and I was actually doing an interview with LaDonna Brave Bull Allard in Standing Rock, and she told me that back in 2014 when she first learned of Dakota Access pipeline, she knew she was going to oppose it. And the reason why, she told me, was, “No one is going to build an oil pipeline over my son’s grave,” because of how close it would pass to where her son was buried.

That death got me to thinking about the pipeline itself as a source of injury and harm and death, not just spills that might come from it, and have, or leaks, or where it was being built, but then the people involved in building it. And I started looking at construction and learned of the death of a young man who was building the Dakota Access pipeline, Nicholas Janesich, 27 years old, and his death was reported by the AP.

I started to dig into what had happened to him, and as I started doing that investigating, I learned that just three days later, at the opposite end of the pipeline, another worker building the Dakota Access pipeline had died during construction. So then I said, “I need to learn more about oil and gas pipeline construction,” and went to the Bureau of Labor Statistics to look at fatality rate data, because I had already learned that the drilling of oil and natural gas, so the extraction workers, has been found to be one of the deadliest jobs in America, with fatality rates as high as seven times the national average. So I went to see what were the fatality rates for oil and gas pipeline construction workers, only to learn that they had never been run. The Bureau of Labor Statistics had never run that data. They didn’t even start counting deaths in this sector until 2003.

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