Wednesday , November 6 2024
Home / Mike Norman Economics / Mikael Holter – Norway Is Walking Away From Billions of Barrels of Oil

Mikael Holter – Norway Is Walking Away From Billions of Barrels of Oil

Summary:
To the dismay of the nation’s powerful oil industry and its worker unions, the opposition Labor Party over the weekend decided to withdraw its support for oil exploration offshore the sensitive Lofoten islands in Norway’s Arctic, creating a solid majority in parliament to keep the area off limits for drilling. The dramatic shift by Norway’s biggest party is a significant blow to the support the oil industry has enjoyed, and could signal that the Scandinavian nation is coming closer to the end of an era that made it one of the world’s most affluent. Bloomberg  Mikael Holter - Norway Is Walking Away From Billions of Barrels of Oil

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes What pulls me through in this world of troubles

Mike Norman writes Escobar: The Roadblocks Ahead For The Sovereign Harmonious Multi-Nodal World — Pepe Escobar

Lars Pålsson Syll writes Best match point ever

New Economics Foundation writes The autumn budget: A step in the right direction but still falling short

To the dismay of the nation’s powerful oil industry and its worker unions, the opposition Labor Party over the weekend decided to withdraw its support for oil exploration offshore the sensitive Lofoten islands in Norway’s Arctic, creating a solid majority in parliament to keep the area off limits for drilling.

The dramatic shift by Norway’s biggest party is a significant blow to the support the oil industry has enjoyed, and could signal that the Scandinavian nation is coming closer to the end of an era that made it one of the world’s most affluent.

Bloomberg 

Mikael Holter - Norway Is Walking Away From Billions of Barrels of Oil
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *