Inspired Leadership (fuckwittery) By the New Zealand Government

Projection of short-term Brent oil prices in the December Update are based on futures prices at the time of finalising the forecasts. This sees a gradual decline in prices to US$43 per barrel in March 2005, and to US$40.50 per barrel by March 2006. By the end of the forecast period, the oil price is projected to reach US$35 per barrel...
Source - New Zealand Treasury, Economic Outlook

September 2005, Light Crude Delivery, NYMX (US$65 today)