{"id":5651,"date":"2015-05-13T20:28:40","date_gmt":"2015-05-13T19:28:40","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=5651"},"modified":"2015-05-13T20:28:40","modified_gmt":"2015-05-13T19:28:40","slug":"what-an-earth-is-going-to-happen-to-the-oil-price","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=5651","title":{"rendered":"What an earth is going to happen to the oil price?"},"content":{"rendered":"

"Fuel<\/a>What an earth is going to happen to the oil price?\u00a0 This is the question going around in my head at the moment.\u00a0 The oil price has been creeping up almost unnoticed over the last month or so, as a % quite a lot, but in dollar terms not that much.\u00a0 Its not recovered much of the ground it lost last year though and when you look at the graph in this article<\/a> you can see why.\u00a0 The whole of OPEC is pumping more oil except for some reason UAE.\u00a0 Even Libya is managing to increase its output (although its not pumping very much).\u00a0 Add in shale oil in the US and its obvious we have a glut with everyone playing beggar my neighbour.\u00a0 The question is how long will it last and why are the Saudis so keen on keeping the oil price low?\u00a0 At the moment the oil is being pumped and either sold at a loss or stored.\u00a0 The underlying geography of peak oil has not altered.\u00a0 Conventional oil has peaked (almost all non-OPEC oil is in decline) and shale oil a short term fix.\u00a0 There are oil reasons to think despite this prices may not recover quickly, peak demand<\/a> in OECD countries, slowing demand in China and a glut of oil stored.<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

What an earth is going to happen to the oil price?\u00a0 This is the question going around in my head at the moment.\u00a0 The oil price has been creeping up almost unnoticed over the last month or so, as a … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5651","post","type-post","status-publish","format-standard","hentry","category-peak-oil"],"yoast_head":"\nWhat an earth is going to happen to the oil price? - The oil lamp - shining God's light on peak oil<\/title>\n<meta name=\"description\" content=\"What an earth is going to happen to the oil price?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theoillamp.co.uk\/?p=5651\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=5651\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=5651\",\"name\":\"What an earth is going to happen to the oil price? 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