Norway Central Bank Chief Warns on Oil Wealth as Coffers Raided – Bloomberg Business

Not only US shale oil industry being gutted but also big impacts on northern producers like Norway. Scottish nationalists would need to redo their sums as well if they got to power…. oops!

Norway’s central bank governor stepped up his warning on excessive use of the nation’s oil income as he predicted the government may need to withdraw almost $10 billion from its massive wealth fund this year.

Source: Norway Central Bank Chief Warns on Oil Wealth as Coffers Raided – Bloomberg Business