Comment Re:Yet still pumping oil? (Score 1) 234
Sounds great, yet I haven't heard anything about them shutting down their operations in the North Sea. Why is that?
Probably because you have not followed the Norwegian public discourse during the last year, in particluar ahead of September's election.
One of big discussion points has been about how and how quickly oil production should shut down (it will shut down eventually in any case). The factual question behind this is "If Norway phases out its (relatively CO2e-efficient) oil and gas production more quickly than what is economically optimal, how does that impact global CO2e emmisions?" There have been reports saying global emmisions would go slightly down and others saying it would go slightly up (due to it being compensated by increased production in countries where the production is more CO2e-intensive). I think the key word here is slightly. For every additional barrel of oil the Norwegian production is reduced, the global impact of global burnt oil is far less then a barrel (whether positive or negative). In this setting, is it rational to refrain from the income which comes from participating in the global oil market, canalizing the lost income to the other oil exporting countries instead?