Written question asked by Lord Bradshaw (Liberal Democrat), in the House of Lords. It was answered by Lord Bassam of Brighton (Labour) on Wednesday, 12 December 2007.

Energy: Oil Prices

Question: asked Her Majesty's Government:Whether an increase in the forecast price for oil between now and 2030 strengthens the economic case for the use of light rapid transit systems.

Answer: Using higher oil price forecasts than previously assumed would be likely to have some impact in improving the economic case for light rapid transit systems and other public transport modes, mainly through the impact on demand. However, this is likely to be relatively modest. The impact will depend on the impact on demand and the trends in energy efficiency and energy sources of motor vehicles and public transport. Updated forecasts will be used in future assessments of light rapid transit systems.

Secondary information