The price of oil still rising but the economy of the world is slowing down. This at first sight seems like a paradox. If the world’s economy slows down you would expect less energy to be used and therefore the price of oil should fall. Today oil stands at around $120 a barrel – it [...]
Filed under: Coal, John Hutton, PV, biofuels, biomass, carbon emissions, climate change, electricity, energy, gas, global warming, heat, malcolm wicks, microgeneration, natural gas, oil, renewables, solar, solar energy, solar panels, tax, transport, wind turbines | Tagged: bank liquidity, Bank of England, David Strahan, Defra, energy ministers, LIBOR, oil consumption, oil price cycle, oil prices, rights issue, Royal Bank of Scotland, sub prime, the last oil shock, the Treasury | 14 Comments »
