The wealth of Norwegian raw oil and natural gas: 1970-2015

dc.contributor.author	Liu, Gang
dc.date.accessioned	2017-05-09T10:55:51Z
dc.date.available	2017-05-09T10:55:51Z
dc.date.issued	2016-12-08
dc.identifier.isbn	978-82-537-9439-6
dc.identifier.issn	0806-2056
dc.identifier.uri	http://hdl.handle.net/11250/2442017
dc.description.abstract	Based mainly on national accounts statistics, and supplemented with experts’ prediction about the expected profiles of production and price for raw oil, natural gas and the LNG, this paper makes estimation of the Norwegian oil and gas wealth for the period 1970-2015, by means of the NPV approach, as recommended by the latest SEEA. The estimated results demonstrate that in per capita terms, the Norwegian oil and gas wealth in constant (2015) prices has already passed its peak around 2000 and now is decreasing, which signals unsustainability if merely oil and gas are concerned. However, since a large part of the resource rents from extracting oil and gas are invested into other types of assets through the GPFG, it may not be so worrisome in terms of sustainability.	nb_NO
dc.language.iso	eng	nb_NO
dc.publisher	Statistisk sentralbyrå	nb_NO
dc.relation.ispartofseries	Rapporter;2016/37
dc.subject	Nasjonalregnskap	nb_NO
dc.subject	Olje	nb_NO
dc.subject	Gass	nb_NO
dc.title	The wealth of Norwegian raw oil and natural gas: 1970-2015	nb_NO
dc.type	Research report	nb_NO
dc.subject.nsi	VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212	nb_NO
dc.source.pagenumber	29 s.	nb_NO