Skip to main content

Government's Forecast Oil Prices

The government have responded to my question about Oil Price Contingency Planning. They have a BERR Page with forecast oil prices. Extracting from that table the following prices in USD per blue barrel for each year and assumption are:
YearLowCentralHigh"High High"
200773737373
2010456585107
2015456890150

They dont "feel the need to build contingency plans specifically for peak oil".

Well we already are above "high high".

Comments

Popular posts from this blog

NHS reorganisation No 3,493,233

Followers of my blog will have seen the NHS question about how many reorganisations have we had. We've yet another. The number of PCTs (Primary Care Trusts) nationally is to halve. This means merging East and North. (and then probably HoB and south). It would be nice if people would stick with one structure. There is a quotation ( Which sadly does not appear to be a true quotation ) We trained hard . . . but it seemed that every time we were beginning to form up into teams we would be reorganized. I was to learn later in life that we tend to meet any new situation by reorganizing; and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency, and demoralization. But has to have been originated by someone. The web link shown goes through the derivation which appears to be more linked to an anonymous British Soldier WW2 than any Roman or Greek General called by a name perming 2 out of (Gaius, Galus, Petronius and Arbiter). From the...