Transport: Oil Prices

House of Lords written question – answered on 20th May 2008.

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Photo of Lord Berkeley Lord Berkeley Labour

asked Her Majesty's Government:

What estimates of the price of oil have been used by the Department for Transport in drawing up rail and road policies.

Photo of Lord Bassam of Brighton Lord Bassam of Brighton Government Whip, Government Whip

The Department for Transport uses oil-price projections calculated by the Department for Business, Enterprise and Regulatory Reform (BERR) in its transport modelling.

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Annotations

Robert Battersby
Posted on 24 May 2008 10:40 pm (Report this annotation)

From all accounts, the DfT & BERR are both in cloud cuckoo land. Ludicrosity prevails while energy oblivion stares us in the face. Almost everyone is in denial about the now occurring oil crash. The Guardian Newspaper recently spoke of a Government projected oil price of $70 a barrel in 2030!!!!
Whoever can think that now, let alone stand by and implement Transport Policy based on such figures does not live in the real world.
But such people exist and are payed handsomely for it at our expense. Let them see if they can carry on, business as usual with no oil!