{"id":104587,"date":"2020-04-01T14:22:17","date_gmt":"2020-04-01T21:22:17","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2020\/04\/the-world-could-soon-run-out-of-space-to-store-oil-that-may-plunge-prices-below-zero"},"modified":"2020-04-01T14:52:12","modified_gmt":"2020-04-01T21:52:12","slug":"the-world-could-soon-run-out-of-space-to-store-oil-that-may-plunge-prices-below-zero","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2020\/04\/the-world-could-soon-run-out-of-space-to-store-oil-that-may-plunge-prices-below-zero","title":{"rendered":"The world could soon run out of space to store oil. That may plunge prices below zero"},"content":{"rendered":"<p><a class=\"blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/the-world-could-soon-run-out-of-space-to-store-oil-that-may-plunge-prices-below-zero2.jpg\"><\/a><\/p>\n<p>The world\u2019s thirst for oil has evaporated.<\/p>\n<p>Highways are empty. Planes are <a href=\"http:\/\/www.cnn.com\/2020\/03\/30\/business\/easyjet-loganair\/index.html\" target=\"_blank\">grounded<\/a>. Factories are dark. The <a href=\"https:\/\/www.cnn.com\/business\/live-news\/stock-market-news-today-032620\/h_4c3dcc9e063f31ed85b7fc6c0737f2cb\" target=\"_blank\">unprecedented collapse in oil demand<\/a> has sent <a href=\"https:\/\/www.cnn.com\/2020\/03\/30\/business\/oil-crash-gas-prices\/index.html\" target=\"_blank\">crude crashing to 18-year lows.<\/a><\/p>\n<p>Supply, on the other hand, remains largely resilient amid<a href=\"https:\/\/www.cnn.com\/2020\/03\/10\/business\/russia-us-shale-oil-putin-opec\/index.html\" target=\"_blank\"> a price war between Saudi Arabia and Russia.<\/a> US producers don\u2019t want to be the first to blink by turning off production.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world\u2019s thirst for oil has evaporated. Highways are empty. Planes are grounded. Factories are dark. The unprecedented collapse in oil demand has sent crude crashing to 18-year lows. Supply, on the other hand, remains largely resilient amid a price war between Saudi Arabia and Russia. US producers don\u2019t want to be the first to [\u2026]<\/p>\n","protected":false},"author":518,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1491],"tags":[],"class_list":["post-104587","post","type-post","status-publish","format-standard","hentry","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/104587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/518"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=104587"}],"version-history":[{"count":2,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/104587\/revisions"}],"predecessor-version":[{"id":104598,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/104587\/revisions\/104598"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=104587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=104587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=104587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}