{"id":493,"date":"2014-10-23T11:57:13","date_gmt":"2014-10-23T11:57:13","guid":{"rendered":"http:\/\/olduvai.ca\/?p=493"},"modified":"2014-10-23T11:57:13","modified_gmt":"2014-10-23T11:57:13","slug":"plunging-oil-prices-a-game-changer-for-major-pipeline-projects-jeff-rubin","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=493","title":{"rendered":"Plunging oil prices a game-changer for major pipeline projects | Jeff Rubin"},"content":{"rendered":"<p><a href=\"http:\/\/www.jeffrubinssmallerworld.com\/2014\/10\/15\/plunging-oil-prices-a-game-changer-for-major-pipeline-projects\/\">Plunging oil prices a game-changer for major pipeline projects | Jeff Rubin<\/a>.<\/p>\n<p style=\"padding: 0px 0px 10px 0px; margin: 0px;\">A sharp correction in oil prices is putting the debate around major pipeline projects, such as Keystone XL, into a more nuanced light.<\/p>\n<p style=\"padding: 0px 0px 10px 0px; margin: 0px;\">Part of the impetus behind constructing new pipelines to carry bitumen from northern Alberta to the U.S. Gulf Coast, Kitimat on the Pacific, or even all the way across the country to Saint John, New Brunswick was to help close the substantial discount between Canadian oil and world prices. Well, crude\u2019s recent drop into the $85-a-barrel range has basically collapsed the once wide-open spread that had existed between West Texas Intermediate and Brent crude with hardly any new lengths of pipe being laid into the ground at all.<\/p>\n<p style=\"padding: 0px 0px 10px 0px; margin: 0px;\">It\u2019s quite a turnaround considering that not that long ago WTI had traded as much as $40 a barrel lower than Brent. The difference between Brent and a barrel of Western Canadian Select, the benchmark price for oil sands product, was even more significant, a fact that had caused considerable hand wringing in downtown Calgary as well as on Parliament Hill.<\/p>\n<p style=\"padding: 0px 0px 10px 0px; margin: 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plunging oil prices a game-changer for major pipeline projects | Jeff Rubin. A sharp correction in oil prices is putting the debate around major pipeline projects, such as Keystone XL, into a more nuanced light. Part of the impetus behind constructing new pipelines to carry bitumen from northern Alberta to the U.S. Gulf Coast, Kitimat [&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":[2,3],"tags":[184,468,588,594,723],"class_list":["post-493","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-crude-oil","tag-keystone-xl","tag-oil","tag-oil-prices","tag-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/493","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=493"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/493\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}