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Vince Brannigan wrote in
: Bjørnar Bolsøy wrote: doesn't mean anything if you are sitting on a pool of oil. Oil mean you can pump money out of the ground not that the economy is productive Well it is a natural resource. However, oil isn't just "pumped out of the ground" here, it's pumped off the weather harsh conditions on the continental shelf at depths of up to 1000ft. It requires unique technology and huge investments to build and maintain the collossus production platforms and to transport the oil and gas to its customers on the European continent. Sure, but all that goes into the GDP On a humorous coincidence in High School I dated the girl who became president of Mobil Exploration Norway, CM Devine. Vince I say. Mobile's head office was just downtown from where I grew up, in Stavanger, not far off a couple of quite decent nightclubs I might add. Just the one date, was it? Regards... |
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