White Paper on petrol plant
Parliamentary reporter The Government will present a White. Paper to Parliament exploring the viability of the synthetic petrol plant. x The Minister of Energy (Mr Birch) said the White Paper was now being prepared. and would spell out a range of factors that would affect its profitability. He was answering a ques-
tion by Mr D. F. Caygill (Lab., St Albans) who asked whether the economic viability of the project would be threatened if world prices for oil fell below $25 a barrel. Mr Birch said that a drop it? oil prices to that level indefinitely would make the project unacceptably risky, but that prognoses were for it to be viable at.prices well below present levels.
The White Paper would show the effect on the viability of the plant of different levels of capital cost, internal inflation, and overseas inflation. International journals in the last 12 months had forecast oil at $9O a barrel by the end of the decade, but were now talking about prices . substantially below that.. Mr Birch said'.
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Press, 17 April 1982, Page 23
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177White Paper on petrol plant Press, 17 April 1982, Page 23
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