SUBSIM Radio Room Forums - View Single Post - Take profits from the oil compnaies to fund a reserve?

Gorduz · 03-24-07, 05:03 AM

Actually I see no problems with this. In Norway oil companies pay 80-90% tax on their profit, and still its no problem getting investors to oil projects. Most of this money is actually not used, but put on a investment fund.

The Norwegian Oil fund(by now it's value is about half that of GE) is actually groowing so big that we don't know what to do with it, but thats another story.

It works fine over here, and perhaps we can have something to live of when our oil resources are depleted

03-24-07, 05:03 AM	#3
Gorduz Engineer Join Date: Mar 2001 Location: Norway Posts: 210 Downloads: 2 Uploads: 0	Look to norway Actually I see no problems with this. In Norway oil companies pay 80-90% tax on their profit, and still its no problem getting investors to oil projects. Most of this money is actually not used, but put on a investment fund. The Norwegian Oil fund(by now it's value is about half that of GE) is actually groowing so big that we don't know what to do with it, but thats another story. It works fine over here, and perhaps we can have something to live of when our oil resources are depleted __________________ 21. MTB skv. Attacks without warning.