Fuelling uncertainty

From the Guardian:

“On any serious reading, the prospects for oil prices are finely balanced. It was interesting that Gordon Brown, who is not only Britain’s chancellor but also chairman of the International Monetary Fund’s key political committee, sounded a worried note in an article in the Financial Times last Friday, whereas Jean-Claude Trichet, the president of the European Central Bank and the group of 10 leading central bankers, sounded desperate to be more positive earlier this week.

From the UK’s point of view, the good news for the chancellor is that a higher oil price means greater revenues for the Treasury. But this is a temporary benefit. Recent statistics indicate that Britain’s days as a net oil exporter are coming to an end.”
http://www.guardian.co.uk/economicdispatch/story/0,12498,1305003,00.html