Sunday, November 25, 2007

Fact Checking the ADN

Fact Checking the ADN

ADN "...Unlike Norway, Alaska's oil production is steadily declining -- and yet Norway worries how it will sustain its generous public services over the long term."

Norwegian oil and gas investments to peak in 2009

"...Even though exploration activity has increased, overall production has been in decline since 2004 while oil output is now at its lowest level since 1993, it said. Statistics Norway in September said oil and gas investments would reach 119.2 billion crowns in 2008."

There are fundamental problems in relying on oil

"...The same production peak and decline has happened in the North Sea, shared by Britain and Norway. Production there peaked in 2000 at 6.4 million barrels a day, and has declined to 4.5 million barrels a day now. Britain, which had been a significant oil exporter during the '80s and '90s, is now an oil importer."

Norwegian oil production over the years:

To the editors at the ADN, are you suggesting Norway's oil production is not in decline when it is clearly stated it is? Or just not a STEADY decline?

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