{"id":5194,"date":"2015-02-03T06:31:15","date_gmt":"2015-02-03T11:31:15","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5194"},"modified":"2015-02-03T06:31:15","modified_gmt":"2015-02-03T11:31:15","slug":"peak-affordable-oil","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5194","title":{"rendered":"Peak Affordable Oil"},"content":{"rendered":"<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>It is quite obvious that high oil prices in the last 3-4 years<\/p>\n<p><a href=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2015\/02\/WTI_spot_price_1986_23Jan2015.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6818\" title=\"WTI_spot_price_1986_23Jan2015\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2015\/02\/WTI_spot_price_1986_23Jan2015.jpg\" alt=\"\" width=\"600\" height=\"238\" \/><\/a><\/p>\n<p align=\"center\">Fig 1: WTI spot prices to 23\/1\/2015<\/p>\n<p align=\"center\"><a href=\"http:\/\/www.eia.gov\/dnav\/pet\/hist\/LeafHandler.ashx?n=pet&amp;s=rwtc&amp;f=w\">http:\/\/www.eia.gov\/dnav\/pet\/hist\/LeafHandler.ashx?n=pet&amp;s=rwtc&amp;f=w<\/a><\/p>\n<p>have reduced demand for oil, as shown in this IEA graph for OECD countries:<\/p>\n<p><a href=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2015\/02\/OECD_oil_demand_2011-Oct2014.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6819\" title=\"OECD_oil_demand_2011-Oct2014\" src=\"http:\/\/crudeoilpeak.info\/wp-content\/uploads\/2015\/02\/OECD_oil_demand_2011-Oct2014.jpg\" alt=\"\" width=\"600\" height=\"378\" \/><\/a><\/p>\n<p align=\"center\">Fig 2: Oil demand in OECD countries Oct 2011 \u2013 Sep 2014<\/p>\n<p align=\"center\"><a href=\"https:\/\/www.iea.org\/oilmarketreport\/omrpublic\/charts\/\">https:\/\/www.iea.org\/oilmarketreport\/omrpublic\/charts\/<\/a><\/p>\n<p>So which oil is affordable? Let\u2019s use a graph of the Monetary Policy Report (January 2015) of the Bank of Canada (which would be favourable to Canadian tar sands)<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;click on the above link to read the rest of the article&#8230; It is quite obvious that high oil prices in the last 3-4 years Fig 1: WTI spot prices to 23\/1\/2015 http:\/\/www.eia.gov\/dnav\/pet\/hist\/LeafHandler.ashx?n=pet&amp;s=rwtc&amp;f=w have reduced demand for oil, as shown in this IEA graph for OECD countries: Fig 2: Oil demand in OECD countries Oct [&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":[416,433,588,3143,961,617],"class_list":["post-5194","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-iea","tag-international-energy-agency","tag-oil","tag-peak-affordable-oil","tag-peak-cheap-oil","tag-peak-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5194","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=5194"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5194\/revisions"}],"predecessor-version":[{"id":5195,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5194\/revisions\/5195"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}