Authored by Carey Wedler via TheAntiMedia.org,
Norway is the latest country to move toward decriminalizing drugs and promoting addiction treatment rather than punishing addicts.
This week, a majority of members of the Norwegian parliament directed the national government to reform its policies.
“The majority in the parliament has asked the government to prepare for reform,” a spokesperson for the Storting, the Norwegian legislature, told Newsweek.
Back in September, we pointed out that assets managed by Norway's sovereign wealth fund had surged to over $1 trillion after they made the controversial decision to increase their exposure to global equity bubbles (see: Norway Wealth Fund Assets Surge To Over $1 Trillion On Massive 70% Allocation To Equities). The move has worked out perfectly in the short term, though we still have our doubts as to whether the "greater fool" theory works over the long term...certainly it never has before but maybe this time is different.
One of the world's largest sovereign wealth funds, and one which ironically amassed the overwhelming majority of their wealth via rich oil reserves, is now looking to sell off some $35 billion worth of energy stocks. According to central bank Deputy Governor Egil Matsen, the move is intended simply to "spread the risks for the state's wealth," but one has to wonder whether the owner of 1.5% of the world's stocks has decided that oil has now moved into a period of secular decline. Per Bloomberg:
Authored by Peter Korzun via The Stratgeic Culture Foundation,
US Defense Secretary James Mattis visited Helsinki on Nov. 6-7 to attend a meeting of the Northern Group, a multilateral forum of 12 countries: Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, the Netherlands, Norway, Poland, Sweden and the United Kingdom.
Authored by Tsvetana Paraskova via OilPrice.com,
Oil companies have recently focused on frontier exploration drilling in the Barents Sea offshore in Norway, neglecting the powerhouse of the Norwegian oil industry, the North Sea.
Exploration activity in the North Sea - the most mature area of Western Europe’s biggest oil producer - is at an 11-year low this year, which is a concern for the industry’s regulator, the Norwegian Petroleum Directorate (NPD).