Energy Crisis: The Fantasy World of the UK Government
Euan Mearns | 04.07.2008 19:38 | Analysis
BERR high price scenario for oil, natural gas and coal
emissionsprojections@berr.gsi.gov.uk
Upstreamonline http://www.upstreamonline.com/market_data/ is a good source of oil and natural gas prices.
On 3rd July:
Brent is trading at $144 per barrel
Tapis is trading at $153 per barrel
UK day ahead natural gas is trading at 62p / therm
Business Enterprise Regulatory Reform (BERR) http://www.berr.gov.uk/ formerly known as the Department of Trade and Industry (DTI) has responsibility for advising HM government on energy matters (amongst other things). Basing policy decisions upon the figures in this report is unlikely to benefit the UK in the long run. The UK economy is founded upon abundant cheap supplies of fossil fuels. This report carries this trend forward into the future while ignoring a reality that is quite different.
Euan Mearns
Homepage:
http://europe.theoildrum.com/node/4248