Headlining across the UK news as bad for consumers but down the page:
With the oil price teetering on the brink of $100 a barrel and retailers keen to pass on the increase in wholesale fuel quickly, new records could now be set on a daily basis in the coming weeks. Fuel prices at the pump are driven largely by the wholesale price of energy which has shot up due to tensions over whether Russia will invade Ukraine. On Monday, oil prices hit their highest level since 2014, reaching $95.56 a barrel.https://www.bbc.co.uk/news/business-60375568
2014? Wait, wasn’t this below, the line then, months before the referendum vote?
In 2014, BBC News told us authoritively:
Russia has more than 50 years of oil, more than 100 years of gas and more than 500 years of coal left, on current consumption. By contrast, Britain has just 5.2 years of oil, 4.5 years of coal and three years of its own gas remaining.https://www.bbc.co.uk/news/science-environment-27435624?ocid=socialflow_twitter
So, the oil has magically reappeared and is very near to its 2014 price of £98.97?
So, our gas ran out in 2017 yet we’re still producing 4 times what Scotland can use?
Makes you wonder if you can trust UK Government reports.
How is BBC Scotland reporting this news for our oil industry?
Clearly not in the public interest.