{"id":718,"date":"2014-10-27T20:38:22","date_gmt":"2014-10-28T00:38:22","guid":{"rendered":"http:\/\/olduvai.ca\/?p=718"},"modified":"2014-10-27T20:38:22","modified_gmt":"2014-10-28T00:38:22","slug":"andrew-nikiforuk-breaks-down-the-global-oil-price-slump-the-tyee","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=718","title":{"rendered":"Andrew Nikiforuk Breaks Down the Global Oil Price Slump | The Tyee"},"content":{"rendered":"<p><a href=\"http:\/\/thetyee.ca\/Opinion\/2014\/10\/24\/Global-Oil-Slump\/\">Andrew Nikiforuk Breaks Down the Global Oil Price Slump | The Tyee<\/a>.<\/p>\n<p class=\"first\" style=\"margin-top: 0px; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 1.2em; line-height: 1.5em; color: #444444; padding-top: 10px;\">The dramatic slump in global oil prices has, as usual, caught governments, industry and markets off guard. In fact, Brent oil prices, a global standard, have dropped by 25 per cent since last June.<\/p>\n<p style=\"margin-top: 0px; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 1.2em; line-height: 1.5em; color: #444444;\">Given the chaos in Iraq, Syria, Libya and the Ukraine &#8212; Russia is a major oil exporter &#8212; some analysts would have predicted rising prices.<\/p>\n<p style=\"margin-top: 0px; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 1.2em; line-height: 1.5em; color: #444444;\">But that&#8217;s not what&#8217;s happening for a constellation of reasons.<\/p>\n<p style=\"margin-top: 0px; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 1.2em; line-height: 1.5em; color: #444444;\">As a consequence, falling prices are telling us something about changing oil markets, the stagnating state of the global economy, and the poor quality of extreme hydrocarbons.<\/p>\n<p style=\"margin-top: 0px; font-family: 'Lucida Grande', Verdana, sans-serif; font-size: 1.2em; line-height: 1.5em; color: #444444;\">The price drop may also be signalling a new angst among global investors due to an enlivened climate change fight and the adoption of the\u00a0<a style=\"color: #666600; text-decoration: none; font-style: normal; font-family: 'Lucida Grande', Verdana, sans-serif; border-style: initial; border-color: initial; border-bottom-style: dotted; border-bottom-color: #666600; padding-bottom: 1px; border-width: 0px 0px 1px 0px;\" href=\"http:\/\/grist.org\/climate-energy\/the-keystone-principle\/\" target=\"_blank\">Keystone Principle<\/a>\u00a0by community groups across the world.<\/p>\n<div>&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Nikiforuk Breaks Down the Global Oil Price Slump | The Tyee. The dramatic slump in global oil prices has, as usual, caught governments, industry and markets off guard. In fact, Brent oil prices, a global standard, have dropped by 25 per cent since last June. Given the chaos in Iraq, Syria, Libya and the [&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":[141,442,484,588,594,694,821],"class_list":["post-718","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-climate-change","tag-iraq","tag-libya","tag-oil","tag-oil-prices","tag-russia","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/718","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=718"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/718\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}