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posted by martyb on Tuesday April 09 2019, @02:55AM   Printer-friendly
from the for-how-long dept.

Bloomberg:

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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  • (Score: 5, Insightful) by RamiK on Tuesday April 09 2019, @06:58AM (2 children)

    by RamiK (1813) on Tuesday April 09 2019, @06:58AM (#826585)

    Actually the different South American nations had more than a few politicians who wanted to do exactly as Norway did and sensibly manage their means of production and natural resources. The US funded their corrupt opposition and assassinated them when failing that. And when even that didn't work the US created the drug cartels to excuse sending in troops to wage (recently declassified) wars to destabilize the regimes while pressuring other nations not to do business with them. All to force them to sign away their resources to American and British companies or at least put them on the market where shares can be bought by Americans.

    Happened in the Middle East. Happened in Africa. Almost happened in Asia but the Chinese saved/beat the US to it in Korea and Vietnam. Even happened in Europe.

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  • (Score: 0) by Anonymous Coward on Tuesday April 09 2019, @12:23PM (1 child)

    by Anonymous Coward on Tuesday April 09 2019, @12:23PM (#826677)

    BS.
    The gringos didn't create the drug cartels. We did that all by ourselves.