HC Deb 17 February 1986 vol 92 c28W
14. Mr. Rowlands

asked the Secretary of State for Energy if he will make a statement on his Department's latest estimate of the future trend of North sea oil prices.

Mr. Buchanan-Smith

North sea oil prices are determined by the world market and ultimately by the balance of supply and demand.

20. Mr. Orme

asked the Secretary of State for Energy if he will make a statement on the implications for energy policy of the recent fall in crude oil prices.

Mr. Peter Walker

It is too early to say what if any lasting effects recent oil prices may have on the energy market in general, since the oil market remains volatile and prices unpredictable.