European Council

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 3:30 pm on 20th October 2008.

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Photo of John Hemming John Hemming Member, Modernisation of the House of Commons Committee, Member, Procedure Committee, Member, Regulatory Reform Committee 3:30 pm, 20th October 2008

The recent high prices and volatility in the price of oil is symptomatic of geological constraints on supply—also known as peak oil and gas. Do the Government have a view as to when peak production will occur globally, and does the Prime Minister believe that it is worth doing that research?

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