Norway plans big expansion of Arctic oil exploration

[jazz]

Woke Norway the climate leader and UN sweetheart ignoring renewables all together and plowing ahead with more O&G exploration. And they won one of the UN seats too.

Thought oil was dead chuck?

Now start scouring the cbc website for your slanted rebuttle.

Why not just admit you are a raging hypocrite of the first order.

https://business.financialpost.com/pmn/business-pmn/norway-plans-big-expansion-of-arctic-oil-exploration-2 Norway plans big expansion of Arctic oil exploration

[AlbertaFarmer5]

The myth of social license can be officially put out of its misery.

[fjlip]

HMMM … emissions from territories don't apply, ya right two faced bullshit to say F*CK you Paris Accord horseshit! Norwegians know how! Great job Norway! Giver hell!

[furrowtickler]

I simply don’t understand how so many people have swallowed the b/s of this liberal government here in Canada .
Most of the other resource rich countries around the world are simply laughing at what’s happening in Canada right now . Saying thank you , we will step up and take your markets .
Meanwhile our country is getting more divided daily by this virtue signaling bunch of twits pandering to every thing else but how to run an economy. History will look back at this time here in Canada and will see how foolish Canadians were .

[sumdumguy]

Vikings win again. No looking back for those boys👍

[Hamloc]

It seems to me it wasn’t that long ago that Chuck pasted an article from the Globe and Mail talking about how Norway’s sovereign wealth fund was divesting itself oil sands assets. My thought at the time was that Alberta’s oil is competition for Norway’s oil and anything Norway can do on the world stage to hurt Alberta is good for Norway! But Chuck said this is just confirmation that there is no future for oil. People like Chuck and for that matter our Prime Minister need to wake the phuck up and pull their head out of their butts and realize that oil still has an important roll to play in our energy mix for the foreseeable future!

[bucket]

Not that I want a bunch of cut and paste but where is the comments from the chuck chuck on Norway's reversal on getting out of oil...

That organ between the ears is such a wonderful thing ...too bad so many in politics are either lacking one or cant use it.

[fjlip]

Chuck looking for the PEER reviewed by 97% of "experts" that Norway's oil has NO C02 emissions, only DIRTY EXPENSIVE Canadian crap...wait for it...

[blackpowder]

Chuck will never admit to this, but he has never made a living past his own gate or little circle of colleagues.
I have a neighbor who worked the oil fields in Russia. Where Putin is soon leader for life.
Another who did a lot of off shore stuff in the Middle East. Kingdoms.
What have SJWs ever really done.
Nothing they say can hold water in real life.
Norway is a good example. Of keeping your eyes on the prize while being fiscally responsible.

[jazz]

Canada has virtue signalled itself into ruin. Skippy pandered to the UN like an idiot, carbon taxed us, demeaned oil, shut down pipelines and tried to kill the industry and still didnt get a UN seat. A week later after Norway gets it, they ignore climate change and forge ahead.

Man are there some stupid people existing in this country.

Chuck working over time at the CBC site trying to find a peer reviewed article to spin this.

[Austrian Economics]

In a falling interest rate environment, commodity producers have no choice but to simply increase output as much as they can, by borrowing as much as they can, and accepting whatever price the market offers. And that price is falling. This is not the 1970s. Commodity producers do not have pricing power like they did back then. As much as OPEC talks about trying to push up the price of oil, there is no way for them to do that.

[jazz]

In a falling interest rate environment, commodity producers have no choice but to simply increase output as much as they can, .

Sounds like farming AE.

[Austrian Economics]

Sounds like farming AE.

You are exactly right. Unstable and falling interest rates put every farmer in a profit margin vise. Falling rates push down ag commodity prices while at the same time triggering a relentless rise in farmland values. Eventually, those who cannot service their debts will exit the business.

[bucket]

And yet John Deere and Case have the ability to charge whatever they want....

[furrowtickler]

You are exactly right. Unstable and falling interest rates put every farmer in a profit margin vise. Falling rates push down ag commodity prices while at the same time triggering a relentless rise in farmland values. Eventually, those who cannot service their debts will exit the business.

Ummmmm , agree, but that’s been unfolding for several years already , no ??