{"id":4130,"date":"2015-01-05T20:00:05","date_gmt":"2015-01-06T01:00:05","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4130"},"modified":"2015-01-05T20:00:05","modified_gmt":"2015-01-06T01:00:05","slug":"this-oil-thing-is-the-real-deal","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4130","title":{"rendered":"This Oil Thing Is The Real Deal"},"content":{"rendered":"

This Oil Thing Is The Real Deal<\/a><\/h4>\n

Well! WTI below $50 and Brent below $53 when I start writing this. Who knows where they\u2019ll be by the time I\u2019m finished?! The euro down below $1.20, US stocks flirting with -2%, major European ones off -3%, Italy and Greece over -5%. Welcome to the real world, baby! Didn\u2019t think you\u2019d see it again so soon, did you? Welcome to the world where the Kool-Aid recovery does not reign supreme.<\/p>\n

Not that you\u2019re not going to hear that anymore, and 24\/7 incessantly so, but there\u2019s no recovery with these oil prices, no matter what anybody says. The damage must be gargantuan by now. Everybody\u2019s invested in oil. Sure, lots of shorts and stuff by now, but that\u2019s not going to do much good. Not for pensions funds, or for governments. This thing will not blow up or over softly.<\/p>\n

There\u2019s not an oil major or minor or a producing country left that makes a profit at these prices, and there\u2019s no sign anywhere to be seen that the drop will stop. If this keeps going, someday soon somebody\u2019s going to go to war. Maybe domestically, maybe across a border, but it\u2019ll happen.<\/p>\n

There are dozens of regimes out there for whom oil prices have become a huge threat to their powers, their status, their lives, and there are dozens of others waiting in the wings, eager to take over. The move is just too big not to lead to bloodshed.<\/p>\n

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

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

This Oil Thing Is The Real Deal Well! WTI below $50 and Brent below $53 when I start writing this. Who knows where they\u2019ll be by the time I\u2019m finished?! The euro down below $1.20, US stocks flirting with -2%, major European ones off -3%, Italy and Greece over -5%. Welcome to the real 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],"tags":[588,1775,2443],"class_list":["post-4130","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil","tag-oil-price-collapse","tag-stock-markets"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4130","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=4130"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4130\/revisions"}],"predecessor-version":[{"id":4131,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4130\/revisions\/4131"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}