Energy prices set to rise indefinitely

ANXIETY over supplies from producer countries Iran and Nigeria pushed oil prices towards $68 (€56.08) a barrel last week.

Analysts, who seem incapable of making up their minds about the state of the oil market, are currently warning prices will stay high indefinitely.

Events of the past months suggest those of us who had become sceptical about the state of oil and gas supplies look to have taken too grim a view of the situation.