American Oil Is Now Selling for Nothing. But Act Fast!

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Do you happen to have a big, empty tank in the vicinity of Cushing, Oklahoma? If so, this is your lucky day! You can literally buy WTI crude oil for nothing as long as you’re willing to take physical possession of it. Maybe you can even get paid to take it off someone’s hands. Welcome to the new world of COVID-19 plus international squabbling over oil production. We no longer have oil shortages, we have oil storage shortages.

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Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

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