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Western Europe’s biggest petroleum producer is falling out of love with oil.
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.
How will Norway pay for its social safety network without oil revenues?
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Norway Is Walking Away from Billions of Barrels of Oil
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Boys, you have ALL been selected to LEAVE th' PLANET in 15 minutes!!
(Score: 2) by The Mighty Buzzard on Tuesday April 09 2019, @06:28AM (15 children)
Pssst... I'm not sure if you've noticed but unless they drill and sell it relatively soon, they're not going to be able to sell it at all, ever. There is no leaving it for their descendants. That's not going to be an option.
My rights don't end where your fear begins.
(Score: 2, Touché) by Anonymous Coward on Tuesday April 09 2019, @08:03AM (7 children)
Why? Will someone steal it?
(Score: 1, Funny) by Anonymous Coward on Tuesday April 09 2019, @08:15AM (5 children)
Unbelievably Stinking Assholes will "liberate" it.
(Score: 0) by Anonymous Coward on Tuesday April 09 2019, @09:49AM (4 children)
How does one liberate gigaliters of oil from under the nose of a country?
(Score: 4, Funny) by Gaaark on Tuesday April 09 2019, @11:38AM (3 children)
Find imaginary WMD and invade/start a war and put in a government of YOUR choice.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 0) by Anonymous Coward on Tuesday April 09 2019, @03:14PM (2 children)
You must be confused because that would never happen unless the country attacked first
(Score: 3, Touché) by Gaaark on Tuesday April 09 2019, @05:59PM
Man, have I got a bridge to sell to YOU!
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 2) by realDonaldTrump on Tuesday April 09 2019, @06:42PM
It can happen if the "people" of Norway demand it. Kuwait, they were having big problems with the Incubators. With, the soldiers from Iraq were taking all the Incubators. And if there was an Incubator with a baby inside, they would dump the baby on the floor. Big piles of dieing babies. But, Nayirah went to Congress, she talked to U. S.A. Congress about all that. And, Amnesty International confirmed it was true. We sent our great, and very brave soldiers. And brought "democracy," very strongly, to Kuwait.
Venezuela, they have more Oil than anybody. But the "people" of Venezuela are asking for our help. And, we sent "aid." Big trucks full of delicious food. But the Venezuela Army, sadly, set the trucks on fire. And burned up all the food. Although, they have no electric in Venezuela anymore. They used to have Energy Grid. For Refrigerator, for many things. They still have Energy Grid. But it no longer works. Refrigerators sitting and getting VERY WARM. Food spoiling. Because they have a Fake President. He won the Election, it was a VERY BADLY RIGGED Election. So we found them an Interim President. President Juan, beautiful man. And we gave Juan all the Venezuela Oil Money in U.S.A.. All the Venezuela Real Estate in U.S.A.. Lot of stuff and he's using it for the Venezuela "people." To end the Socialism Disaster. And we talked to Exxon, we talked to Conoco. They are ready to go in there and get that Oil. And they'll do a magnificent job with that.
Saudi, they're #2. And we're doing great with Saudi. They have one of the strongest governments, very efficient. For so long, U.S.A. was protecting them almost for free. Very tough neighborhood, very dangerous and even some of the Saudi "people" didn't want our Military Bases in their country. I flew over there -- to Middle East -- I said, look this can't go on. You've got to protect yourselves. We'll sell you F-35, we'll sell you nuclear, we'll sell you Aircraft Carriers with the latest Digital -- whatever you need to be 100% safe. We did the biggest Arms Deal ever, I got the Kingdom some terrific prices. And we're making a lot of money there.
Canada, not as much Oil as Venez. or Saudi. But, a lot of Oil. And unfortunately, it's the WORST Oil in the entire World. Very thick and it's full of sand. I moved very strongly on, let Trans Canada build the pipeline to Houston. And somehow they're going to get that VERY BAD QUALITY Oil to Houston. For our Koch Brothers to refine. For the longest time, Canada was absolutely killing us on trade. We were at war -- trade war. And really, we still are. For the first time, America is winning -- because of me. Because of Trump Tariffs. But I worry about the "people" of Canada. Their government is very very corrupt. And many people are saying, Justin of Canada should resign. Should have resigned long ago -- or never gone into Politics. Canadians, TAKE BACK YOUR COUNTRY!!!!
Iran, also a lot of Oil. Not as much as Venezuela. Not as much as Saudi or Canada. But, a lot. And the "people" of Iran have been suffering for 40 years -- Radical Islamic Terrorism. Nobody knew, nobody paid attention. Except me. And I did a big Announcement yesterday. Telling the World, Islamic Revolutionary Guard Core, also known as I.R.G.C., is TERRORISM. And I've known about these guys for a long time. Trump Tower Baku, they screwed us very badly on that one. On the construction, the landscaping, the everything. No more!!!!
Norway -- we are listening. We are on your side. We stand with you. 100%. You can't come here -- Country is FULL. But, you can take back your own country. From the Radical Muslims. From the Socialism. 1940s, you had a great Country. You can be Great Again. You know what to do!!!
(Score: 3, Interesting) by The Mighty Buzzard on Tuesday April 09 2019, @03:39PM
Because it's becoming increasingly politically incorrect to drill for or use oil at all. Eventually it's going to be illegal. The same people who think Norway is a model utopia are dooming it.
My rights don't end where your fear begins.
(Score: 3, Funny) by c0lo on Tuesday April 09 2019, @08:16AM (2 children)
Pssst ... there's still the mater of lubricants, their descendants will ... ummm... you know... have smoother experiences.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by deimtee on Tuesday April 09 2019, @08:35AM (1 child)
I'll see your lubricants, and raise you chemical feedstocks.
If you cough while drinking cheap red wine it really cleans out your sinuses.
(Score: 0) by Anonymous Coward on Tuesday April 09 2019, @08:44AM
Move along, nothing to see here.
Really? 'cause my stock hasn't raised for quite a while.
(Score: 0) by Anonymous Coward on Tuesday April 09 2019, @02:36PM (3 children)
Oh, so you can predict the future price of commodities now? I remember 15 years ago, a Ph.D. physicist was trying to convince me that the world was in danger of running out of oil.
(Score: 2) by The Mighty Buzzard on Tuesday April 09 2019, @03:42PM (2 children)
To some degree, yes, but that's not what I was talking about. Anyone should be able to see a rising movement to do away with using fossil fuels at all though and if it stays even remotely on the same trajectory drilling for and selling oil will not be an option for their grandchildren.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Tuesday April 09 2019, @04:25PM (1 child)
See what happens after 30 years of moderate to no global warming. The pendulum of public opinion never stops.
(Score: 2) by The Mighty Buzzard on Friday April 12 2019, @03:38AM
Bad analogy. It's not moving like a pendulum. Pendulums swing back and forth. This issue has only ever really moved in one direction, though it does slow or stall at times.
My rights don't end where your fear begins.