| Author (Person) | Buvarp, Paul |
|---|---|
| Series Title | The Conversation |
| Series Details | 10.02.15 |
| Publication Date | 10/02/2015 |
| Content Type | Journal | Series | Blog |
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The fall in oil prices is problematic but by no means catastrophic for Norway. The general reaction is a pragmatic one: Norway is in the hands of the global market, and will do what it can to maintain a profitable and responsible petroleum sector that serves the interests of the country. There are no illusions that the oil will last forever, or that prices must remain unnaturally high, and it is perhaps precisely these kinds of vulnerabilities that the Norwegian system safeguards against. Short-term losses are expected, but there is continued optimism for long-term gains. |
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| Source Link | https://theconversation.com/why-norway-is-not-panicking-about-the-oil-price-collapse-37392 |
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| Subject Categories | Energy |
| Countries / Regions | Norway |
