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  1. laughing-cows on

    *Breaking News: America invades Norway to save us from northern lights, polar bears, and Swedes.*

  2. Dipshitmagnet2 on

    In response the UK government raises tax on UK oil businesses to 99% and bans any further exploration and development in the North Sea. Wonders why the UK economy tanks while Norway pave their streets in gold.

  3. MootRevolution on

    If the Iran situation stays like this for more than a few weeks, we’re going to see major economical disruptions world wide. And Europe will be hit hard. I don’t think people see how much of an actual lifeline this would become for Europe. This offer from Norway is part just business, but it’s probably also motivated by Norway not wanting to see Europe’s economies (and societies, because that what will swiftly follow!) crashing hard.

    Europe really needs to focus on energy sovereignty and it’s frustrating how much time and opportunities are wasted, while everyone knows it’s a major weak spot because a lack of energy could bring Europe to its knees.

  4. Norway has always limited Statoil’s production and development just to maintain long-term goals on energy security. They drill more when they need to but haven’t gone all out. In recent years they have invested more on renewables.

  5. Late_Stage-Redditism on

    >Increasing supply would require new exploration and investment, Aasland said, as his government works to slow an expected decline in production after 2030 by developing additional resources on the Norwegian continental shelf.

    I think it should be mentioned that the green wing of Norwegian politics, especially MDG(now also currently in government) has as their core ideology that all oil and gas production in Norway will be phased out as quickly as possible.

    They are of the same old russia funded and encouraged leftist ideology to de-industrialize and de-energize western nations as much as possible to weaken them strategically.

    Expanding production will therefore be very difficult, politically.

  6. They don’t have anywhere near enough production to meaningfully cover Europe’s energy needs, though. Not even close.