Keyword: petroleumprice

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Keyword: petroleumprice

(Too much money:) Oil sales stuff state treasury

03/16/2008 9:43:39 AM PDT · by WesternCulture · 16 replies · 680+ views
www.aftenposten.no ^ | 03142008 | Nina Berglund

Norway's state treasury is set to overflow, local analysts claim. Some think the price of North Sea crude oil will hit USD 130 a barrel, pumping even more "petrokroner" into the state budget and giving politicians few excuses to limit its use. Norway's oil and gas industry is hotter than ever, but many Norwegians complain that government services are nonetheless declining. Some grades of crude oil hit USD 111 a barrel this week, before easing on Friday. The North Sea Brent crude that's been pumping up Norway's economy for years was being traded at just over USD 107 a barrel...

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