{"id":4153,"date":"2015-01-06T14:22:25","date_gmt":"2015-01-06T19:22:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4153"},"modified":"2015-01-06T14:22:25","modified_gmt":"2015-01-06T19:22:25","slug":"canada-heavy-oil-drops-below-35-as-rig-count-hits-record-low-for-january","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4153","title":{"rendered":"Canada Heavy Oil Drops Below $35 As Rig Count Hits Record Low For January"},"content":{"rendered":"<h4 class=\"title\"><a href=\"http:\/\/www.zerohedge.com\/news\/2015-01-06\/canada-heavy-oil-drops-below-35-rig-count-hits-record-low-january\" target=\"_blank\">Canada Heavy Oil Drops Below $35 As Rig Count Hits Record Low For January<\/a><\/h4>\n<p>Think Texas and Pennsylvania have a problem with plunging oil prices, don&#8217;t look North.\u00a0<strong>West Canada Select (Heavy) crude oil prices have collapsed to below $35 per barrel (the lowest since Feb 2009)<\/strong>. This is a 60% plunge in the last 6 months and has left the industry stunned.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/01\/20150106_canada.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/01\/20150106_canada_0.jpg\" alt=\"\" width=\"600\" height=\"308\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>While US rig counts have fallen for the last few weeks as the lagged response to falling prices finally catches up to reality, the<strong>Canadian oil rig count has never been lower for the first week of January<\/strong>.<\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/01\/20150106_canada1.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2015\/01\/20150106_canada1_0.jpg\" alt=\"\" width=\"600\" height=\"517\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong><a href=\"http:\/\/www.zerohedge.com\/news\/2015-01-02\/guest-post-oil-looming-canadian-housing-bubble-crash\"><em>Will the Canadian housing bubble be next?<\/em><\/a><\/strong><\/p>\n<p><em>Charts: Bloomberg<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada Heavy Oil Drops Below $35 As Rig Count Hits Record Low For January Think Texas and Pennsylvania have a problem with plunging oil prices, don&#8217;t look North.\u00a0West Canada Select (Heavy) crude oil prices have collapsed to below $35 per barrel (the lowest since Feb 2009). This is a 60% plunge in the last 6 [&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":[2453,150,1775,2121],"class_list":["post-4153","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-canadian-heavy-crude","tag-collapse","tag-oil-price-collapse","tag-oil-rig-count"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4153","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=4153"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4153\/revisions"}],"predecessor-version":[{"id":4154,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4153\/revisions\/4154"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}