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A comment above says that only 14% of GDP is oil dependent. That does look apocalyptic even if by magic oil demand drops to 0 tomorrow.
by blackoil 5y ago
A comment above says that only 14% of GDP is oil dependent. That does look apocalyptic even if by magic oil demand drops to 0 tomorrow.
- ars 5y ago14% of GDP - but a MUCH larger percent of exports. Also a quite large percent is indirectly from oil, i.e. oil related services. Additionally social funding in Norway comes from oil - without that funding taxes would have to go up a lot.