{"id":3501,"date":"2014-12-24T10:27:08","date_gmt":"2014-12-24T15:27:08","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3501"},"modified":"2014-12-24T10:27:08","modified_gmt":"2014-12-24T15:27:08","slug":"oftwominds-charles-hugh-smith-i-call-bs-on-projections-of-a-decade-of-20barrel-oil","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3501","title":{"rendered":"oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20\/Barrel Oil"},"content":{"rendered":"

oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20\/Barrel Oil<\/a>.<\/p>\n

The ability of oil exporters to trigger a short-term collapse in price does not automatically translate into an ability to control the financial conflagration such a crash ignites.<\/i><\/span><\/p>\n


<\/span><\/b>My BS detector went off when two stories with similar headlines touting $20\/barrel oil were published on the same day.<\/b>\u00a0Color me skeptical, but it’s almost as if mere $40\/barrel oil is no longer enough to get the blood flowing, so both stories blared the more extreme $20\/barrel price point.<\/span><\/div>\n
<\/div>\n
Ready for $20 Oil?<\/span><\/a>

<\/span><\/div>\n
The reason oil could drop as low as $20 per barrel<\/span><\/a>

<\/span><\/div>\n
Neither story depicted $20\/barrel oil as a brief spike<\/b>–rather, each presented a future of sub-$50\/barrel oil that could last for years or even a decade or longer, matching the period of cheap oil that ran from the mid-1980s to the late 1990s.<\/span>

<\/span><\/div>\n
I have no problem with the idea that geopolitics is driving supply excesses, the goal being to crash the oil revenues of enemies–that’s part of my Oil Head-Fake scenario:\u00a0The Oil-Drenched Black Swan, Part 4: The Head-Fake Disruption Ahead<\/a>\u00a0(December 4, 2014).<\/span>

<\/span><\/div>\n
The Financialized-Oil Dominoes Are Toppling<\/a>\u00a0(December 12, 2014)<\/span>

<\/span><\/div>\n
The idea that global demand is stagnating is also common sense, given that the global economy is stagnating.<\/span><\/div>\n
<\/div>\n
<\/p>\n

<\/a><\/a>…click on the above link to read the rest of the article…<\/span><\/span><\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

oftwominds-Charles Hugh Smith: I Call BS on Projections of a Decade of $20\/Barrel Oil. The ability of oil exporters to trigger a short-term collapse in price does not automatically translate into an ability to control the financial conflagration such a crash ignites. My BS detector went off when two stories with similar headlines touting $20\/barrel […]<\/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":[3],"tags":[355,1135,592,1775,600,701],"class_list":["post-3501","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-geopolitics-2","tag-oil-exports","tag-oil-price","tag-oil-price-collapse","tag-opec","tag-saudi-arabia"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3501","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=3501"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3501\/revisions"}],"predecessor-version":[{"id":3502,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3501\/revisions\/3502"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}