<UK Energy Trends, CoalThe Oil Drum: EuropeUK Government Oil Price Forecast>

13 comments on UK Energy Review Published

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Napper on July 15, 2006 - 7:40am Permalink | Subthread | Comments top
on page 203 they give the range of oil prices
     low      high
2005 $55      $55
2010 $40      $67
2015 $42      $69
2020 $45      $72

 If all the work has been done with fule prices
in this range, there assumptions are going to
be a long way out, and the case for renewables
and nuclear is much greater than they think.
 The only way they could be right is a VERY
BIG RECESSION to cut demand by 5,000,000
barrels a day or more.
By 2020 that will still not be enough      

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Oily Bill on July 15, 2006 - 4:48pm Permalink | Subthread | Parent | Comments top
Hmm.. we already passed the 2020 high side forecast...
I wonder what some of these people are smoking !  :)
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