131 Deputy Catherine Murphy asked the Minister for Finance if, with reference to the confirmation of the Chief Economist of the International Energy Agency in April 2011 that global crude oil production peaked in 2006 and that oil prices internationally are likely to inflate significantly over the long term and having regard to Ireland’s dependance on imported fossil fuels, he has undertaken any detailed economic risk modelling of the potential impact on the economy here of permanently higher or volatile oil prices; and if he will make a statement on the matter. [24763/11]

Summary

131 Deputy Catherine Murphy asked the Minister for Finance if, with reference to the confirmation of the Chief Economist of the International Energy Agency in April 2011 that global crude oil production peaked in 2006 and that oil prices internationally are likely to inflate significantly over the long term and having regard to Ireland’s dependance on imported fossil fuels, he has undertaken any detailed economic risk modelling of the potential impact on the economy here of permanently higher or volatile oil prices; and if he will make a statement on the matter. [24763/11]

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• Oil Prices

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