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Cheap and safe to recover oil (like Saudi, Norway, etc) is way better for the environment than expensive (tar sands) or dangerous (badly run deep water operatio
by rdl 8y ago
Cheap and safe to recover oil (like Saudi, Norway, etc) is way better for the environment than expensive (tar sands) or dangerous (badly run deep water operations.). Also, I would sure rather have the government and people of Norway get money than a lot of the other places selling oil...
- arethuza 8y agoNorway's oil isn't nearly as cheap as Saudi oil to extract - ~$21 a barrel for Norway and ~$9 for Saudi oil. In fact it's roughly the same cost to extract as US oil. https://www.fool.com/investing/2017/03/19/you-wont-believe-what-saudi-arabias-oil-production.aspx https://www.fool.com/investing/2017/03/19/you-wont-believe-w... Also, Norway's oil comes from the North Sea - which I'm not sure counts as "easy".
- rdl 8y agoNorway’s oil is inherently difficult compared to Saudi oil, but they already have a lot of infrastructure and skill and are incredibly competent. It would be different if we had just discovered the North Sea oil and had to decide between that and Saudi land based reserves.