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Archives for November 29, 2007

A beaten docket

Mark Devenport | 13:12 UK time, Thursday, 29 November 2007

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Will our only Green MLA Brian Wilson be celebrating the turn of the month, or crying into his fair trade coffee? That may depend on what happens on the world oil markets.

The North Down MLA has placed a £10 bet that the price of oil will hit US $100 a barrel by December 1st. If he wins he intends to give his winnings to the Fuel Poverty Campaign. So his bet is less a money making venture more an attempt to use the bookies as a way to illustrate his case that we will all be beaten dockets if we don't develop renewable energy sources soon.

What are his chances? Well when I checked a moment ago the oil price had fallen below US$96 down from its historic high of US$99.29 last week. Brian, your tenner may be about to go up in a carbonaceous puff of smoke.

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