The UK Government’s oil and gas forecasts for North sea oil are six billion barrels too low according to Professor Alex Kemp, oil economist at Aberdeen University. Professor Kemp who is seen internationally as one of the worlds leading experts, said that “the oil production figures produced by The Office of Budget Responsibility (OBR) were six billion barrels fewer than he would expect”. Professor Kemp, whom I interviewed last week, is keen to stress that he is politically neutral but wants to make sure people have access to the facts about North Sea production, and that makes him someone worth listening to. ***
Posted on: Tue, 23 Jul 2013 15:55:33 +0000
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