Wildfires continue to rage for a third week in and around the city of Fort McMurray in Canada’s Alberta province, the country’s oil-sands capital. Some 96,000 people have been evacuated from the area and 2,400 buildings have been destroyed. We spoke with three Northeastern experts who share insight into how the catastrophe will affect climate change, the likely impact on U.S. consumers, and how the Fort McMurray community can recover.
The average price for a gallon of gas in the U.S. reached a seven-year low on Monday, according to AAA, dipping to $1.83. Here, oil and gas expert Jeffrey Born, professor of finance in the D’Amore-McKim School of Business, explains why falling gas prices might be good for your wallet but bad for the economy.
In testifying before a Canadian panel, Northeastern professor Matthias Ruth brought new insight into the public’s thinking on a massive oil pipeline project.
Richard Goettle IV, a finance and insurance lecturer in the College of Business Administration, explains why drivers are suddenly paying a lot more at the pump.