Re:Norway Is Walking Away from Billions of Barrels of Oil
by wp381640 on Monday April 08, 2019 @10:32PM
(#19611228)
you also have to look at extraction costs - Statoil is very high yield and low cost extraction which survives even the tightest OPEC squeezes.
Iron ore extraction isn't bad but it's nowhere near as profitable as Norway's oil extraction
You'd have to do that across the entire range of resources and then divide per capita - on that basis I think Norway would blow by 4x Australia just based on off-the-top of my head estimate
Iron ore extraction isn't bad but it's nowhere near as profitable as Norway's oil extraction
You'd have to do that across the entire range of resources and then divide per capita - on that basis I think Norway would blow by 4x Australia just based on off-the-top of my head estimate