Energy
Energy prices herald “return to the 70s”
Its time to start culling woodland,scavenging fuel from dumpsters and wearing warmer clothes
Start foraging in Granny’s closet — if forecasts by Deutsche Bank are true, we are heading for =higher energy prices very soon. The bank’s researcher estimates that prices will rise a further 25% by 2015, meaning that the average household will be spending more than 4% of their disposable income on fuel bills, back to the levels seen following the oil shocks of the1970s.
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December 11, 2011
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