Oral question asked in the House of Commons, by Norman Baker (Liberal Democrat). It was answered by Malcolm Wicks (Labour) on Thursday, 22 May 2008 on behalf of the Department for Business, Enterprise and Regulatory Reform.
Oil Prices
- Question
- What his Department estimates the price of oil will be in 2020.
- Answer
-
At the moment, of course, it is difficult to estimate what the price of a barrel of oil will be next week, let alone in 2020, as the hon. Gentleman seeks to persuade me to do. Obviously, our Department, while not forecasting oil prices, does publish future price assumptions going forward to 2030. We obviously regularly review these and consult on them, but he will appreciate that the huge increase in the price of a barrel of oil has caught the whole world by surprise and we are in, frankly, difficult and uncharted waters.
Secondary information
- Type
- Oral question
- Reference
- 476 c381
- 206980
- Session
- 2007-08
- Oral question type
- Lead
- Chamber / Committee
- House of Commons chamber
- Related items
- Subjects
- Oil Prices
- Contains statistics
- Yes
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-04-12 05:44:25 +0100
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