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I don't think today's prices are excellent from them. North sea oil is much more expensive to produce than in Middle East so Norway's income is lower than Kuwai
by lafar6502 13y ago
I don't think today's prices are excellent from them. North sea oil is much more expensive to produce than in Middle East so Norway's income is lower than Kuwait's. The amount of cheaply accessible oil is diminishing so it's inevitable that prices will go up with rising production costs and limited supply. There are no alternatives to oil in current world's economy, so I think we'll burn all of it before we are forced to build a new economy.