Friday, October 21, 2005

- Oil? What's that?

The most left winged party in the new government is Socialist Left. They've never really grasped the concept of oil production and the impact on the Norwegian society, however they have plenty of opinions about the industry. When they need extra money to fund the excessive spending in their budgets, they reduce the state part of investments in the North Sea, while at the same time they may increase the expected long-term oil income and dividend from state-owned oil companies.

Minister of Environment Helen Bjornoy, a priest that has never worked in a profit-run company, spent less than a week in her new job before she decided to screw the industry that pays Norway's pensions. After a complaint from a group of 18 year old hippies she cancelled an existing exploration license that had a window only until Jan 15th. The biggest loser this time is not the explorer, Italian state-owned company ENI, but young Norwegians who will get a smaller pension.

Update: Government sponsor, labour union LO uses its owned newspaper Dagsavisen to warn Ms. Bjornoy not to stop the exploration. Oil production in the Barent Sea is one of the main controversies within the coalition, with Labour party in favour and Socialist Left in fierce opposition.

3 Comments:

Anonymous Sigurd said...

Hello,
My name is Sigurd and I'm a proud Norwegian and Republican living in Washington in the United States. I love your blog, its excellent, but sad how these people can govern our precious country. When socialism is dead in the rest of Europe, it seems like we can never learn from previous mistakes and look ahead to the future. All I have to say is 2007 baby!

06:58  
Blogger mediekritikk said...

The next parlament election is in 2009. Socialism is not dead in Europa, just have a look at Sweden.

23:40  
Anonymous Tora Joensen (NU) said...

Hello there!
I'm one of those "18-year old hippies" you mentioned.
This youth environmental organisation wish to phase out the oil industry, mostly for the sake of the environment. And for me it is both for the sake of the environment(just look at the Gulf of Mexico disaster, or the melting glaciers, or the flooding of the islands of Tuvalu, or the forest fires in Russia this summer), and I also want us to be precautious of the "peak-oil". The oil will not last forever. It's not renewable. Someday we'll run out of it, it will be empty. We might as well begin replacing it with some other, more sustainable, business right now, rather than too late, when there won't be time for the transition. So to me it's two benefits in one thing: We'll be well prepared, and not have the problems of an oil-addicted society under peak-oil, and our lifes will more likely be without the worries and expences of nature-disasters upon our society, caused by pollution and climate change.

14:48  

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