Here is the thing: the US will be net energy exporter by 2021. As of now it is self-sufficient. At the time when we put such a emphasis on using less fossil fuels, we also have more and more countries producing the stuff.
All it did (Norwegians not drilling) is raised prices for the oil exported by the US. Thank you! Recently it has been very cheap. Hopefully this will help a bit.
So that's global perspective.
The local perspective I'm happy that Norwegians are so wealthy they don't need to drill as much anymore or can focus on other issues then providing to the Sovereign Fund. Good for them!
AFAIK Americans already don't plan to leave oil in the ground if it's economical to get it out. They can't drill more if they're already going to drill it all.
Here is the thing: the US will be net energy exporter by 2021. As of now it is self-sufficient. At the time when we put such a emphasis on using less fossil fuels, we also have more and more countries producing the stuff.
All it did (Norwegians not drilling) is raised prices for the oil exported by the US. Thank you! Recently it has been very cheap. Hopefully this will help a bit.
So that's global perspective.
The local perspective I'm happy that Norwegians are so wealthy they don't need to drill as much anymore or can focus on other issues then providing to the Sovereign Fund. Good for them!