THE CLAIRE FOSS JOURNAL


THE PRIVATIZATION OF NORWAY'S OIL INDUSTRY


According to the Norwegian newspaper Dagens Naerlingsliv, Norway’s national oil company Statoil will be listed on the Oslo and New York stock exchanges on June 18th - 2001.

The paper says it had this confirmed after Parliament on Thursday agreed to partly privatize Statoil and sell off part of the State ownership in Norway’s oil and gas reserves.(SDOE). The price of the Statoil shares will be fixed on June 17th, the paper reports.

This could spell the beginning of a major shift in government thinking and put a end to Norway reaping huge profits that in turn funded education and social programs that benefited all Norwegians.

Norway will eventually rue the day when they allowed this nasty privatization scheme that will only benefit a few at the expense of the rest of Norwegian society.

SHAME on the present Norwegian Parliament.

Claire Foss

** Thanks to the internet news provider “Norway Post” for much of the above information.