{"id":26122,"date":"2017-09-26T08:11:27","date_gmt":"2017-09-26T13:11:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=26122"},"modified":"2017-09-26T08:11:27","modified_gmt":"2017-09-26T13:11:27","slug":"bill-blain-oil-could-change-everything","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=26122","title":{"rendered":"Bill Blain: “Oil Could Change Everything”"},"content":{"rendered":"

Bill Blain: “Oil Could Change Everything”<\/em><\/a><\/h3>\n
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Blain’s Morning Porridge: A Short Distraction In The Oil Market<\/strong><\/p>\n

Did I detect a distinct change in the market wind yesterday? There is a new freshening blow out the East. It feels like the world is changing: a slide in tech stocks and a wobble in sentiment, stronger oil prices and all the noise about Germany and where that leaves Europe, and Macron\u2019s France\u2019s dreams of Empire closer union.<\/strong><\/p>\n

Of course we still have all the usual worries, like North Korea saying Trumps twittering gives them carte blanche to shoot down American planes \u2013 which, to be honest, is unlikely because nobody is really that stupid\u2026 are they? And as Trump plays to red-neck sports fans, we also saw the death knell spike delivered on Obamacare reform. Then there is Spain vs Catalunya \u2013 perhaps a topic we should pay more attention to. And I think there was probably more news about Brexit, but to be honest I wasn\u2019t paying attention and could not be ar**d to read about it. Bored of it. Get on with it.<\/p>\n

As always, there is so much to think about.<\/p>\n

Oil is one I\u2019m watching closely because it\u2019s the global commodity and market price that could change everything.<\/strong><\/p>\n

We\u2019ve been arguing across the desk these past few years about whether $55-45 is the new normal range for oil, or do prices revert back towards $100? Some argue a stronger global economy means higher prices, others that the demand and supply dynamics have so fundamentally changed that a lower long term range is nailed-on for decades.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Bill Blain: “Oil Could Change Everything” Blain’s Morning Porridge: A Short Distraction In The Oil Market Did I detect a distinct change in the market wind yesterday? There is a new freshening blow out the East. It feels like the world is changing: a slide in tech stocks and a wobble in sentiment, stronger oil […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","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":[2,3,5],"tags":[15674,130,281,15675,2006,588,589,3044,594,595,596,827,4318],"class_list":["post-26122","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-bill-blain","tag-china","tag-europe","tag-mint-partners","tag-north-korea","tag-oil","tag-oil-demand","tag-oil-glut","tag-oil-prices","tag-oil-production","tag-oil-supply","tag-united-states","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26122","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=26122"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26122\/revisions"}],"predecessor-version":[{"id":26123,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/26122\/revisions\/26123"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}