{"id":6000,"date":"2015-08-26T14:37:14","date_gmt":"2015-08-26T13:37:14","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=6000"},"modified":"2015-08-26T14:37:14","modified_gmt":"2015-08-26T13:37:14","slug":"the-oil-price-falls-yet-again","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=6000","title":{"rendered":"The oil price falls yet again"},"content":{"rendered":"

\"oil<\/a>The oil price falls yet again.\u00a0 This time the latest drop is due to what is happening in China.\u00a0 This site has put various theories<\/a> for the oil price falls over the last year.\u00a0 A price fall that took almost everyone by surprise, including us.\u00a0 Yes the US Shale oil production rise has been huge.\u00a0 However, in the past the Saudis<\/a> have cut production to raise prices.\u00a0 This time they have not something which is beginning to look difficult<\/a> for them.<\/p>\n

Currently with a possible economic crash in the offing the oil price falls look set to continue for some years.\u00a0 This is both good news and bad news.\u00a0 Its bad for frackers and bad for the future oil supply since investment will be low.\u00a0 Bad for renewables potentially, although prices are still falling fast.\u00a0 Certainly bad for nuclear power. Probably good overall for the climate since a slow down will mean less energy use (although getting an agreement in Paris maybe harder).\u00a0 Good for food and energy prices, which is good news for the world’s poorest. Etc etc….<\/p>\n

Its looking like, although peak oil is not dead (obviously), the oil price will be low for some years yet.<\/p>\n

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

The oil price falls yet again.\u00a0 This time the latest drop is due to what is happening in China.\u00a0 This site has put various theories for the oil price falls over the last year.\u00a0 A price fall that took almost … 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":[30,118,3,1],"tags":[269,49,34,57,63],"class_list":["post-6000","post","type-post","status-publish","format-standard","hentry","category-fracking","category-oil-prices","category-peak-oil","category-uncategorized","tag-climate-change","tag-nuclear-power","tag-oil-prices","tag-peak-oil-2","tag-renewables-2"],"yoast_head":"\nThe oil price falls yet again - The oil lamp - shining God's light on peak oil<\/title>\n<meta name=\"description\" content=\"The oil price falls yet again.\" \/>\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=6000\" \/>\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=6000\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=6000\",\"name\":\"The oil price falls yet again - 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