{"id":4124,"date":"2015-01-05T19:46:56","date_gmt":"2015-01-06T00:46:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4124"},"modified":"2015-01-05T19:46:56","modified_gmt":"2015-01-06T00:46:56","slug":"energy-sector-outlook-for-2015","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4124","title":{"rendered":"Energy Sector Outlook for 2015"},"content":{"rendered":"<h4><a href=\"http:\/\/oilprice.com\/Energy\/Energy-General\/Energy-Sector-Outlook-for-2015.html\" target=\"_blank\">Energy Sector Outlook for 2015<\/a><\/h4>\n<p>It appears that crude oil prices are starting to stabilize. At least they\u2019ve started to decline slower. Most of the \u201cexperts\u201d who send me their price forecasts have the low being set in the $45 to $55 range.<\/p>\n<p>This week we will see the first major winter storm of the season, which should draw more attention to the energy sector. The first \u201cClipper\u201d of the season will bring heavy snow, high winds and very cold temperatures to an area of the country that burns a lot of natural gas for residential space heating. People in the Northeast still use a lot of heating oil to heat their homes, so this may have some impact on oil demand.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/oilprice.com\/images\/tinymce\/Evan1\/ada1156.png\" alt=\"Mean Temp Average\" width=\"617\" height=\"472\" \/><\/p>\n<p><strong>Outlook for 2015<\/strong><\/p>\n<p>2008 was the last time we saw crude oil prices plunge anything like they have this year. In that year the entire economy went into the tank, which in turn reduced energy demand. This year, it is the slow down in the Asian economies responsible for the International Energy Agency\u2019s cut in their global\u00a0<a href=\"https:\/\/www.iea.org\/oilmarketreport\/omrpublic\/\">oil demand forecast<\/a>. Note that the IEA is still forecasting a significant year-over-year increase in demand.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Energy Sector Outlook for 2015 It appears that crude oil prices are starting to stabilize. At least they\u2019ve started to decline slower. Most of the \u201cexperts\u201d who send me their price forecasts have the low being set in the $45 to $55 range. This week we will see the first major winter storm of the [&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":[184,263,554,1775],"class_list":["post-4124","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil","tag-energy","tag-natural-gas","tag-oil-price-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4124","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=4124"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4124\/revisions"}],"predecessor-version":[{"id":4125,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4124\/revisions\/4125"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}