House of Lords written question – answered at on 5 December 2012.
Lord Bradshaw
Liberal Democrat
To ask Her Majesty's Government what was the price of oil and gas in (1) 1980, (2) 1990, (3) 2000, and (4) 2010, compared with the official estimates made ten years earlier in each case.
Baroness Verma
The Parliamentary Under-Secretary of State for Energy and Climate Change
The oil prices in 1980, 1990, 2000 and 2010 are set out in the table below:
| 1980 | 1990 | 2000 | 2010 | |
| Oil (dollars per barrel) | 101 | 40 | 36 | 80 |
Note: Prices are in real terms (2010 prices) and for Brent crude.
DECC does not hold data on the price of gas in 1980 or 1990. The gas prices in 2000 and 2010 are set out in the table below:
| 2000 | 2010 | |
| Gas (pence per therm.) | 22 | 42 |
Note: Prices are in real terms (2010 prices) and refer to National Balancing Point (NBP) gas.
DECC does not hold estimates for the price of oil and gas made 10 years earlier in each case.
Yes4 people think so
No4 people think not
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