Monday, March 23, 2015

Eksstatsråd predicts Norwegian oil party for many decades (kl.07: 06) – Bergens Tidende

He believes there is no basis for what he perceives as oil pessimism and debate about the end of oil adventure in Norway.

– It is strange to follow the debate in Norway. You get the feeling that the oil age is over, now it’s over, he says to Dagsavisen.

– They can just go home and lie down. The fact is that even after a significant decline in activity this is going to be our most important industry. Oil and gas will continue to be Norway’s most important industry for decades to come. Yes, perhaps for generations. It is beyond doubt, says the Centre Party deputy.

He thinks it is a “logical short circuit” that several have pointed out that oil adventure are in luck because the oil price falls. The oil industry will now find its natural size after years of cost trends that have not been sustainable, says Borten Moe. Norway has only opened half of the shelf, he notes, and believes the potential therefore is large in the future.

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