Gas Prices

Bailing Out Big Oil: An Economic and Moral Dilemma

Bailing Out Big Oil: An Economic and Moral Dilemma

While low gas prices are usually looked at gratefully, COVID-19 has changed societal interactions and diminished the need for oil as quarantining mitigates the need to drive. However, as oil production continues around the world and is met with depleted demand, big oil companies are falling on hard times leading them to seek assistance in the form of a government bailout.