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The Fantasy World of the UK Government

Posted by Euan Mearns on July 4, 2008 - 11:00am in The Oil Drum: Europe
Topic: Policy/Politics
Tags: berr, coal prices, gas prices, oil prices, original, uk government [list all tags]

This BERR report (small pdf) published in May 2008 provides 4 alternative price scenarios for oil, natural gas and coal. The high scenario is shown below.


BERR are inviting comments and suggestions.

emissionsprojections@berr.gsi.gov.uk

Upstreamonline 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) 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.

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