DECC's oil price forecast updated
Aug 27, 2015
Bishop Hill in Energy: grid

I thought it might be interesting to see how the DECC fossil fuel price forecast - you know, the one that  is said to justify all those subsidies, feed-in-tariffs and renewables obligations. The comparison is startling - I've added a dot with today's Brent crude price.

The claim that decarbonisation would only cost a few percentage points off GDP seems to have been a fairy story.

In related news, GWPF have again called for DECC to be closed down.

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