{"id":4178,"date":"2015-01-07T06:49:39","date_gmt":"2015-01-07T11:49:39","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4178"},"modified":"2015-01-07T06:49:39","modified_gmt":"2015-01-07T11:49:39","slug":"how-40-oil-would-impact-canadas-provinces","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4178","title":{"rendered":"How $40 oil would impact Canada\u2019s provinces"},"content":{"rendered":"<h2 class=\"main_title_text_one\"><a href=\"http:\/\/www.jeffrubinssmallerworld.com\/2015\/01\/06\/how-40-oil-would-impact-canadas-provinces\/\" rel=\"bookmark\">How $40 oil would impact Canada\u2019s provinces<\/a><\/h2>\n<p>What does Canada\u2019s economy look like with oil prices at $40 a barrel? Certainly it won\u2019t be the energy superpower envisioned by Prime Minister Stephen Harper.<\/p>\n<p>If $40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in that price range. What\u2019s more, if production from high cost sources isn\u2019t withdrawn from an oversupplied market, oil prices may soon be trading even lower.<\/p>\n<p>The first thing Canadians should recognize about the new world order for oil prices is that\u2014contrary to what we\u2019re being told by our federal government\u2014the economy is no longer in dire need of any new pipelines. For that matter, it can live without the new rail terminals being built to move oil as well. Yesterday\u2019s transportation bottlenecks aren\u2019t relevant in today\u2019s marketplace.<\/p>\n<p>At current prices there won\u2019t be any massive expansion of oil sands production because those projects, which would produce some of the world\u2019s most expensive crude, no longer make economic sense.<\/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>How $40 oil would impact Canada\u2019s provinces What does Canada\u2019s economy look like with oil prices at $40 a barrel? Certainly it won\u2019t be the energy superpower envisioned by Prime Minister Stephen Harper. If $40 a barrel still seems a ways off, consider that the benchmark price for oil sands crude is already trading in [&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":[2465,103,2466,1998,1775],"class_list":["post-4178","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-alberta-tar-sands","tag-canada","tag-oil-by-rail","tag-oil-pipelines","tag-oil-price-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4178","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=4178"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4178\/revisions"}],"predecessor-version":[{"id":4179,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4178\/revisions\/4179"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}