{"id":3665,"date":"2014-12-28T18:37:44","date_gmt":"2014-12-28T23:37:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3665"},"modified":"2014-12-28T18:37:44","modified_gmt":"2014-12-28T23:37:44","slug":"cheap-oil-is-an-opportunity-we-cant-afford-to-burn-transition-voice","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3665","title":{"rendered":"Cheap oil is an opportunity we can&#8217;t afford to burn \u2014 Transition Voice"},"content":{"rendered":"<p><a href=\"http:\/\/transitionvoice.com\/2014\/12\/cheap-oil-just-keeps-on-coming\/\">Cheap oil is an opportunity we can&#8217;t afford to burn \u2014 Transition Voice<\/a>.<\/p>\n<p style=\"box-sizing: border-box; padding: 0px; margin: 0px 0px 2.4rem 0px;\">The stunning plunge in oil prices \u2013 almost 45% since June \u2013 has roiled the global oil markets; creating new winners and losers almost overnight. It has also unlocked a number of potential problems and opportunities we would be wise to consider.<\/p>\n<p style=\"box-sizing: border-box; padding: 0px; margin: 0px 0px 2.4rem 0px;\">In our consumer-based economy, savings at the gas pump provide a direct stimulus to the economy \u2013 freeing up a reservoir of new discretionary dollars to fuel the economy. Indeed, SUV and small truck sales are skyrocketing (How soon we forget how quickly gas prices can go up) and fuel-intensive sectors \u2013 like airlines \u2013 are enjoying record profits.<\/p>\n<p style=\"box-sizing: border-box; padding: 0px; margin: 0px 0px 2.4rem 0px;\">For others, falling oil prices are not so good. Geopolitically, it has been a disaster for oil-exporting countries; Russia, Iran, Venezuela and others are all getting clobbered. Shale oil producers \u2013 with fracking and horizontal drilling costs that far exceed OPEC\u2019s cost for extracting conventional crude oil \u2013 are also starting to retrench.<\/p>\n<p style=\"box-sizing: border-box; padding: 0px; margin: 0px 0px 2.4rem 0px;\">The disconnect between Wall Street and Main Street is growing. While lower pump prices are a bonanza for Main Street, Wall Street and investors in energy and related junk bond sectors are getting edgier by the day \u2013 their concerns exacerbated by a stagnant global economy that is dragging down oil demand and putting oil prices into a free fall.<\/p>\n<p style=\"box-sizing: border-box; padding: 0px; margin: 0px 0px 2.4rem 0px;\">\n<p><span class=\"Apple-style-span\" style=\"font-family: 'Open Sans', sans-serif; font-size: 15px; line-height: 22px;\">&#8211; See more at: http:\/\/transitionvoice.com\/2014\/12\/cheap-oil-just-keeps-on-coming\/#sthash.4xoeIbzE.dpuf<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cheap oil is an opportunity we can&#8217;t afford to burn \u2014 Transition Voice. The stunning plunge in oil prices \u2013 almost 45% since June \u2013 has roiled the global oil markets; creating new winners and losers almost overnight. It has also unlocked a number of potential problems and opportunities we would be wise to consider. [&hellip;]<\/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":[1775,600,1462,860],"class_list":["post-3665","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-price-collapse","tag-opec","tag-shale-oil-production","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3665","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=3665"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3665\/revisions"}],"predecessor-version":[{"id":3666,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3665\/revisions\/3666"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}