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)

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.

"Once in awhile we get shown the light, in the strangest of places, if we look at it right" - Hunter/Garcia

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..?

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)

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