Marketplace All-in-One How cheap is too cheap?
May 5, 2025
In this engaging discussion, Henry Epp, an economics reporter with a focus on the oil industry, and Julie Creswell, a New York Times writer specializing in food safety, explore the critical tension in the oil market as prices plummet. They reveal how oil companies must choose between investing in future production or rewarding shareholders. The duo also delves into the colorful world of synthetic food dyes, discussing the challenges of transitioning to natural alternatives. Their insights shed light on the broader economic implications of these pressing issues.
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Oil Break-Even Price Insights
- Oil companies generally need around $60 a barrel to profitably produce onshore oil in the U.S.
- Prices below this make companies halt production and prefer paying dividends over investing in new drilling.
Healthcare Jobs May Not Stay Safe
- Healthcare employment usually remains stable during downturns since people still need medical care.
- However, cuts to Medicaid could threaten this trend unlike in previous recessions.
Dollar's Dominance Persists
- The U.S. dollar is still the world's dominant currency due to liquidity and global acceptance.
- Though some worry about US control, a shift away from the dollar is unlikely soon.