Showing posts with label Norway's North Sea oil production. Show all posts
Showing posts with label Norway's North Sea oil production. Show all posts

Wednesday, August 31, 2011

Norway's 2 oil finds will bolster fiscal security

While much of Europe is pinching pennies to pay its way out of the debt crisis, Norway has been awash with cash and is set to get more. Two major oil finds are revitalizing the country's aging energy sector and promise to buoy it through the downturn looming over the global economy.

Although headlines this summer have been predicting economic gloom - a flareup in Europe's debt problems, falling bank stocks, another recession in the United States - Norway has weathered the bad news.