{"id":1016,"date":"2008-07-16T20:50:23","date_gmt":"2008-07-16T19:50:23","guid":{"rendered":"http:\/\/www.rogerdarlington.me.uk\/wordpress\/?p=1016"},"modified":"2008-07-16T20:50:23","modified_gmt":"2008-07-16T19:50:23","slug":"why-are-oil-prices-rising-so-fast-4","status":"publish","type":"post","link":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=1016","title":{"rendered":"Why are oil prices rising so fast? (4)"},"content":{"rendered":"<p>This is the fourth time that I&#8217;ve blogged on this subject in just seven weeks. In <a href=\"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/2008\/06\/why_are_oil_prices_rising_so_f_1.html\">my second posting<\/a>, I wrote:<\/p>\n<blockquote><p>&#8220;If the cause is rising demand, then prices will continue to rise because demand will continue to rise but supply will probably only increase marginally (in the short term anyway). If the cause is not rising demand but more probably panic and speculation, then we can expect that sometime in the future prices will fall back, although probably not to the level before the current crisis took hold.&#8221;<\/p><\/blockquote>\n<p>Yesterday oil prices fell fell by the biggest amount in three and half years. Last week in London, the price of oil was $147 a barrel; yesterday it was $136. So what&#8217;s going on? Somebody is ripping us off.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the fourth time that I&#8217;ve blogged on this subject in just seven weeks. In my second posting, I wrote: &#8220;If the cause is rising demand, then prices will continue to rise because demand will continue to rise but supply will probably only increase marginally (in the short term anyway). If the cause is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1016","post","type-post","status-publish","format-standard","hentry","category-world-current-affairs"],"_links":{"self":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/1016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1016"}],"version-history":[{"count":0,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/1016\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1016"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}