Plummeting Fuel Demand Hits US Farms as Planting Season Begins
In 2018, the United States exported about 1.7 billion gallons of ethanol to more than 80 countries. That amount is expected to drop this year, a troubling sign for U.S. farmers beginning a planting season.
The coronavirus pandemic has pushed US oil prices into negative territory as a lack of demand leaves the world awash with oil. Now Washington is moving to prop up the market, Andrew Lebentz reports The coronavirus looms with hurricane season on the horizon; Fox News Gillian Turner reports. #FoxNews
FOX News operates the FOX News Channel (FNC), Venezuela has the biggest oil reserves in the world. But it has been suffering an unprecedented fuel crisis due to widespread shortages at petrol stations.
The government blames international sanctions. But it is just the latest episode of the country's economic collapse that has caused millions to leave and led to international bodies, such as the UN, calling it one of the world's worst humanitarian crisis for a country not in conflict.
The fuel crisis has been so acute that even funeral homes are struggling to transport bodies to the cemetery. As the pandemic makes human interactions more dangerous, retailers are turning to robots to perform essential tasks in their stores to cut costs and reduce the spread of coronavirus. But growing automation threatens jobs as unemployment soars. (May 12)