The UK and oil
Why are UK poiticians so concerned about the price of oil? Britain is no longer an exporter of crude, but it is a tiny importer - 60,000 bpd according to the latest BP survey, which at $100/b equates to $6m a day, or about $2.2bn a year. So an increase of $50/b has only added $1.1bn to our import bill, which isn't much in the grand scheme of things.Labels: oil
posted by Matthew @ 6/22/2008 11:15:00 AM
Comments: 5
