{"id":3971,"date":"2015-01-03T11:57:37","date_gmt":"2015-01-03T16:57:37","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3971"},"modified":"2015-01-03T11:57:37","modified_gmt":"2015-01-03T16:57:37","slug":"oil-price-plunge-could-take-a-bite-from-arms-budgets","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3971","title":{"rendered":"Oil Price Plunge Could Take a Bite from Arms Budgets"},"content":{"rendered":"

Oil Price Plunge Could Take a Bite from Arms Budgets<\/a><\/h4>\n

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UNITED NATIONS, Jan 02 (IPS) – In a satirical piece titled ‘An Unserious Look at the Year Ahead’ in the Wall Street Journal last week, Hugo Rifkind predicts the price of a barrel of oil will fall so low that people across the world would start buying oil for the barrel – and throw the oil out.<\/p>\n<\/div>\n

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The journalistic spoof about the oil market may be an improbable scenario, but in reality the sharp decline in prices has generated both good and bad news – mostly bad.3<\/p>\n

In the United States, the fall in oil prices is being viewed as an unexpected – but welcome – stimulus to the country’s recession-struck economy.<\/p>\n

As one U.S. newspaper headline read: ‘For (U.S. President Barack) Obama, Low Oil Prices Bring Hope’<\/p>\n

The London Economist points out that a 40-dollar price cut would shift about 1.3 trillions dollars from oil producers to consumers.<\/p>\n

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

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Oil Price Plunge Could Take a Bite from Arms Budgets   UNITED NATIONS, Jan 02 (IPS) – In a satirical piece titled ‘An Unserious Look at the Year Ahead’ in the Wall Street Journal last week, Hugo Rifkind predicts the price of a barrel of oil will fall so low that people across the world […]<\/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":[3,5],"tags":[2374,1775,595,834],"class_list":["post-3971","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-arms-race","tag-oil-price-collapse","tag-oil-production","tag-us"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3971","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=3971"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3971\/revisions"}],"predecessor-version":[{"id":3972,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3971\/revisions\/3972"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}