{"id":1605,"date":"2014-11-15T08:15:02","date_gmt":"2014-11-15T13:15:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1605"},"modified":"2014-11-15T08:15:02","modified_gmt":"2014-11-15T13:15:02","slug":"why-environmentalists-love-plummeting-oil-prices","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1605","title":{"rendered":"Why Environmentalists Love Plummeting Oil Prices"},"content":{"rendered":"<p><a href=\"http:\/\/www.huffingtonpost.ca\/2014\/11\/14\/environmentalists-love-low-oil-prices_n_6160860.html\">Why Environmentalists Love Plummeting Oil Prices<\/a>.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">NEW YORK \u2014 Deepwater drilling rigs are sitting idle. Fracking plans are being scaled back. Enormous new projects to squeeze oil out of the oilsands of Canada are being shelved.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">Maybe low oil prices aren&#8217;t so bad for the environment after all.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">The global price of oil has plummeted 31 per cent in just five months, a steep and surprising drop after a four-year period of prices near or above $100 a barrel.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">Not long ago a drop of that magnitude would have hit the environmental community like a gut-punch. The lower the price of fossil fuels, the argument went, the less incentive there would be to develop and use cleaner alternatives like batteries or advanced biofuels.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">But at around $75 a barrel, the price is high enough to keep investments flowing into alternatives, while giving energy companies less reason to pursue expensive and risky oil fields that also pose the greatest threat to the environment.<\/p>\n<p style=\"box-sizing: border-box; direction: ltr; font-family: inherit; font-weight: normal; font-size: 1em; line-height: 1.6; text-rendering: optimizelegibility; vertical-align: baseline; font: normal normal normal 15px\/21px Georgia, Century, Times, serif; color: #333333; padding: 0px; margin: 0px 0px 15px 0px; border: 0px initial initial;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why Environmentalists Love Plummeting Oil Prices. NEW YORK \u2014 Deepwater drilling rigs are sitting idle. Fracking plans are being scaled back. Enormous new projects to squeeze oil out of the oilsands of Canada are being shelved. Maybe low oil prices aren&#8217;t so bad for the environment after all. The global price of oil has plummeted [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,4],"tags":[140,271,588,594],"class_list":["post-1605","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-environment","tag-climate","tag-environment-2","tag-oil","tag-oil-prices"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1605"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1605\/revisions"}],"predecessor-version":[{"id":1606,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1605\/revisions\/1606"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}