{"id":5864,"date":"2015-07-10T15:54:09","date_gmt":"2015-07-10T14:54:09","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=5864"},"modified":"2015-07-10T15:54:09","modified_gmt":"2015-07-10T14:54:09","slug":"one-thing-we-have-learnt-this-week-oil-price","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=5864","title":{"rendered":"One thing we have learnt this week -oil price"},"content":{"rendered":"

\"oil<\/a>The current low oil price is not just down to geology but also economics.\u00a0 Over what is nearly a year this blog has put forward a number<\/a> of theories<\/a> as to why the oil price has fallen.\u00a0 The latest oil price falls suggest that economics is playing its part as much as extra production or other reasons suggested for the continuing low oil price.\u00a0 The Euro crisis and the more importantly the slow down in China in the last few days have forced the oil price down as well as prices of other commodities lower.\u00a0\u00a0 How long this will continue is anybodies guess.\u00a0 The effects are mixed, bad for for alternatives to traditional sources of energy such as nuclear, fracking and renewables.\u00a0 Good for food prices.\u00a0 Bad for climate change.\u00a0 Luckily renewable energy looks unstoppable with its price falling rapidly.<\/p>\n

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

The current low oil price is not just down to geology but also economics.\u00a0 Over what is nearly a year this blog has put forward a number of theories as to why the oil price has fallen.\u00a0 The latest oil … 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":[29,17,3,1],"tags":[34],"class_list":["post-5864","post","type-post","status-publish","format-standard","hentry","category-energy-costs","category-one-thing-we-have-learnt-this-week","category-peak-oil","category-uncategorized","tag-oil-prices"],"yoast_head":"\noil price falls are partly economic<\/title>\n<meta name=\"description\" content=\"The current low oil price is not just down to geology but also economics.\" \/>\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=5864\" \/>\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=5864\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=5864\",\"name\":\"oil price falls are partly economic\",\"isPartOf\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=5864#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=5864#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.theoillamp.co.uk\/wp-content\/uploads\/2015\/06\/oil-and-gas-price-projections-300x115.jpg\",\"datePublished\":\"2015-07-10T14:54:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/#\/schema\/person\/b6f2831189b0d01294e9672bb540ba6f\"},\"description\":\"The current low oil price is not just down to geology but also economics.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=5864#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theoillamp.co.uk\/?p=5864\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=5864#primaryimage\",\"url\":\"http:\/\/www.theoillamp.co.uk\/wp-content\/uploads\/2015\/06\/oil-and-gas-price-projections-300x115.jpg\",\"contentUrl\":\"http:\/\/www.theoillamp.co.uk\/wp-content\/uploads\/2015\/06\/oil-and-gas-price-projections-300x115.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=5864#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theoillamp.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One thing we have learnt this week -oil price\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/#website\",\"url\":\"https:\/\/www.theoillamp.co.uk\/\",\"name\":\"The oil lamp - 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