Paul Gogarty (Dublin Mid West, Green Party)
Link to this: Individually | In context

Question 134: To ask the Minister for Finance if he intends to make projections of the impact of oil prices at various levels, done by or on behalf of his Department, publicly available; and if he will make a statement on the matter. [19208/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
Link to this: Individually | In context

I have outlined before the results of economic model simulations which suggest that each sustained $10 per barrel increase in the price of oil reduces growth by between 1⁄4 and 1⁄2 percentage point in a full year in Ireland. However, it is important to bear in mind that these model results are based on historical averages and in common with all model results are subject to uncertainty.