Norway Election Results and the Impact on Western Europe's Biggest Oil and Gas Producer

[hemanthaa@mail.com + 64]

Norway, the Scandinavian nation with an enviable sovereign wealth fund over $1.4 trillion thanks to its fossil fuel exports, has elected a Left-leaning government, policies of which can make a lasting impact on the very sector in the coming months.

Since both side of the political divide focused their attention on need of expanding the renewables in the run up to the elections, the newly elected government will not be able to wriggle out of the policy that is inextricably linked to Norway’s economy.

Please read this for more on this:

 

[Sebastian Meana + 278]

Expect their oil production to drop by Half

To be fair the norwegian oil bonanza ended a while ago, if they keep producing Oil and Gas it will be certainly limited mainly to scandinavian countries, and the UK will likely get theirs from Canada by upgrading it, all the easy money that Norway could have made from oil has already been made.
 

[notsonice + 1,255]

On 9/14/2021 at 4:07 PM, hemanthaa@mail.com said:

Norway, the Scandinavian nation with an enviable sovereign wealth fund over $1.4 trillion thanks to its fossil fuel exports, has elected a Left-leaning government, policies of which can make a lasting impact on the very sector in the coming months.

Since both side of the political divide focused their attention on need of expanding the renewables in the run up to the elections, the newly elected government will not be able to wriggle out of the policy that is inextricably linked to Norway’s economy.

Please read this for more on this:

 

Norway? Renewables is all they use inside Norway. Ever hear about their Hydroelectric programs that are state owned? They will substitute electricity exports in the future for oil exports. And you are worried about a left leaning government? If you own a cow in Norway , by right you can leave your job to go home and milk it everyday. Must be a slow news day if you are worried about Norway.

[NickW + 2,714]

On 10/1/2021 at 2:25 PM, Sebastian Meana said:

Expect their oil production to drop by Half

To be fair the norwegian oil bonanza ended a while ago, if they keep producing Oil and Gas it will be certainly limited mainly to scandinavian countries, and the UK will likely get theirs from Canada by upgrading it, all the easy money that Norway could have made from oil has already been made.
 

Norway, one of the few countries which invested part of its oil bonanza in a SWF, instead of sp**king it up the wall. 

Assume a 3% dividend on that fund and it delivers $7700 per head of population per year.