{"id":4586,"date":"2015-01-15T07:31:37","date_gmt":"2015-01-15T12:31:37","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4586"},"modified":"2015-01-15T07:31:37","modified_gmt":"2015-01-15T12:31:37","slug":"oil-price-crash-threatens-the-future-of-the-north-sea-oilfields","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4586","title":{"rendered":"Oil price crash threatens the future of the North Sea oilfields"},"content":{"rendered":"<h3><a href=\"http:\/\/www.theguardian.com\/business\/2015\/jan\/14\/oil-price-slump-could-threaten-north-sea-oilfields\" target=\"_blank\">Oil price crash threatens the future of the North Sea oilfields<\/a><\/h3>\n<div id=\"stand-first\" class=\"stand-first-alone\" data-component=\"Article:standfirst_cta\"><strong>Scottish government pledges to try to preserve offshore energy sector jobs, with prices having fallen 60% in the last six months<\/strong><\/div>\n<p>The potential impact of the oil price slump on Scotland was underlined as a leading energy expert warned on Wednesday that North Sea oilfields could be shut down if the oil price fell by just a few more dollars.<\/p>\n<p>The rising sense of crisis about the plummeting price \u2013 which has fallen 60% in the last six months \u2013 prompted the Scottish government to promise an emergency taskforce to try to preserve jobs in the offshore energy sector.<\/p>\n<p>Meanwhile, Mark Carney, the governor of the Bank of England warned that the Scottish economy was heading for a \u201cnegative shock\u201d.<\/p>\n<p>The oil industry consultancy Wood Mackenzie said that at the current price for Brent blend, of $46 a barrel, some UK production was already failing to break even, and further falls could endanger output.<\/p>\n<p>Robert Plummer, a research analyst with the firm, said that at $50 a barrel oil production was costing more than its value in 17 countries, including the US and UK.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil price crash threatens the future of the North Sea oilfields Scottish government pledges to try to preserve offshore energy sector jobs, with prices having fallen 60% in the last six months The potential impact of the oil price slump on Scotland was underlined as a leading energy expert warned on Wednesday that North Sea [&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":[56,2706,1775,706,2707],"class_list":["post-4586","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-bank-of-england","tag-north-sea-oil","tag-oil-price-collapse","tag-scotland","tag-uk-oil-production"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4586","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=4586"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4586\/revisions"}],"predecessor-version":[{"id":4587,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4586\/revisions\/4587"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}