Oil prices threaten growth in 2012
The latest Bord Gáis Energy Index shows that while a decrease in gas and electricity prices caused the index to fall 1% for the month of December, the index now stands at 143 — 5% higher than in December 2010.
Bord Gáis energy trader John Heffernan said Irish energy consumers face a triple threat of price increases in 2012, as demand for oil could increase from a US economy firmly back in growth mode and threats to supply from the Middle East, compounded by a weakening euro.
