In this post I present some hard data from the Norwegian economy, which in the recent decades show high correlations between total debt growth and the oil price. Presently the total debt growth from some sectors runs at an annual rate above 8% of GDP. I also present my thoughts and observations about historical developmentsContinue reading “A CLOSER LOOK INTO THE DRIVERS OF THE NORWEGIAN ECONOMY’s RECENT GROWTH SUCCESS”
Category Archives: Trade Balance
UNITED KINGDOM, ENERGY AND TRADE BALANCE
United Kingdom (UK) is widely associated with the industrial revolution which was a fossil fuel revolution. Coal fueled the industrial revolution and UK also exported coal. The next cycle in UK’s energy history came with the discoveries and production from the oil and natural gas discoveries in the North Sea in the 1960’s which happenedContinue reading “UNITED KINGDOM, ENERGY AND TRADE BALANCE”