European Tribune - Comments - Countdown to 100$ oil (10) - Simmons says 300$ soon

Countdown to 100$ oil (10) - Simmons says 300$ soon - and more | 21 comments (21 topical, editorial, 0 hidden)

... I've recently found I just learned some Chinese.

Ka-CHING!!!

http://www.aftenposten.no/english/local/article1041455.ece

Synopsis:

Norway's central banks said Thursday that the Petroleum Fund, saving wealth for future generations, grew by seven percent in the three months to the end of March and is now worth NOK 1.09 trillion (USD 170.4 billion).

That's ~€29.000/~$37.500 per capita.

____________
Dub mentality

by Coug (me(AT]tommyb{DOT]info) on Thu Aug 18th, 2005 at 11:21:10 AM EST

Re: As a Norwegian... (none / 0)

That's very interesting. Please write a diary on this petroleum fund sometime soon. All countries should be doing this...if I understand it correctly.

Half the population is under the age of 18. Tanzania's future is NOW...join the 50% campaign!

by whataboutbob on Thu Aug 18th, 2005 at 02:20:46 PM EST
[ Parent ]

Re: As a Norwegian... (none / 0)

I'm afraid that it is beyond the realm of possibility for most nations to do anything like this.
The NPF (check the links in the left-hand margin) invests a certain portion of the state's income in this fund. The state is running a huge surplus due mainly due to income from the oil (and gas, to a lesser extent) production in the North Sea.
Given the current crude prices, the surplus is beyond any previous (conservative) budget.

by ask on Thu Aug 18th, 2005 at 09:04:31 PM EST
[ Parent ]

Re: As a Norwegian... (none / 0)

I'd love to think that economic lesson-giver Britain had done something intelligent like this with its share of North Sea oil, but..?

When locusts move on, they leave nothing behind

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Aug 19th, 2005 at 04:18:21 AM EST
[ Parent ]

but... it didn't... (none / 1)

Thatcher blew most of the money on tax cuts and randomly quirky economic policies... Our infrastructure (e.g. trains, water, etc.) show the scars to this very day.

by Metatone (metatone [a|t] gmail (dot) com) on Fri Aug 19th, 2005 at 05:53:17 AM EST
[ Parent ]

Countdown to 100$ oil (10) - Simmons says 300$ soon - and more | 21 comments (21 topical, 0 editorial, 0 hidden)

. Home
. About
. Contact
. New User Guide
. FAQ
. Search
. Search (Google)
. Archives (Wiki)
Art, Economics, Energy, Environment, EU Politics, Mech & Tech, By Country

Username:
Password:

. Make a new account
. Reset password

Recommended Diaries

LQD: Deutsche Bahn privatization derails
by Magnifico - Oct 11
25 comments

The New Reality of Iranian Power
by marco - Oct 10
18 comments

Nationalisation is the solution
by Jerome a Paris - Oct 8
136 comments

Sex and The City
by Magnifico - Oct 10
2 comments

An Endorsement, a Condemnation and an Election Reflection
by BobHiggins - Oct 11
1 comment

Poor Captain's Almanac
by Captain Future - Oct 10
8 comments

Jörg Haider dies in car crash
by jandsm - Oct 11
40 comments

Danish news roundup
by JakeS - Oct 12
8 comments

Recent Diaries

Danish news roundup
by JakeS - Oct 12
4 comments

An Endorsement, a Condemnation and an Election Reflection
by BobHiggins - Oct 11
1 comment

Another World IS Possible.
by ManfromMiddletown - Oct 11
4 comments

LQD: Deutsche Bahn privatization derails
by Magnifico - Oct 11
25 comments

Jörg Haider dies in car crash
by jandsm - Oct 11
20 comments

The Inconvenient Existence of Abdel al Ghizzawi
by danps - Oct 11
1 comment

Sex and The City
by Magnifico - Oct 10
2 comments

Socratic economics: Tariffs and capital controls
by JakeS - Oct 10

The New Reality of Iranian Power
by marco - Oct 10
9 comments

Making the economic crisis personal: What do you tell family ...
by marco - Oct 10
14 comments

Poor Captain's Almanac
by Captain Future - Oct 10
8 comments

LQD: Roubini alert on global financial meltdown
by Melanchthon - Oct 10
28 comments

Iceland Teeters on the Brink
by Norwegian Chef - Oct 9
19 comments

Early Friday Photography Blog No 56
by LEP - Oct 9
41 comments

Coming Lithuanian elections
by das monde - Oct 9
4 comments

2008 International Design Awards
by gmoke - Oct 9

A GOOD CHANCE AT THE HALF CENTURY.
by SHKarlson - Oct 8

McCain, Obama Nominate Buffett?
by MarketTrustee - Oct 8
19 comments

Why are derivatives legal?
by Lupin - Oct 8
7 comments

Spanish preventive bail-out to conquer Europe
by kcurie - Oct 8
42 comments

More Diaries...

Debates

Campaigns

Occasional Series