Posts from — May 2010

Back in January my dear co-author The Sundance Kid wrote a short piece on  the future prospects of the Norwegian krone, whereby Evolution-Revolution agreed with Credit Suisse’s prediction that the krone was on its way up (while, admittedly, making ourselves guilty of blogger-journalism-commentator hedging dicussed in this post by the eminent Baruch at Ultimi Barbarorum). Since then, the Norwegian Krone has, indeed, strengthened a bit vis-a-vis both Euro, Pound, and Dollar (although as Nassim Taleb would be quick to point out, this might have been completely random). Nevertheless, the krone still has a way up to go, even more so than it did in January.

In particular, three factors underlie this prognosis: [Read more →]

The United States is not the only place where offshore drilling has been on the political agenda during the last years. In Norway, where the offshore oil and gas industry is a significant part of the economy, making Norway the third largest oil exporter in the world, there has been debate about opening up scenic coastal areas of Lofoten and Vesterålen for offshore drilling. The Northern Norwegian coastal archipelagos feature amazingly scenic nature complete with fjords and mountains, the world’s largest population of cod along with a thriving fishing industry, and whether possible drilling in the area should be allowed to commence has already been the subject of intense debate.

Still, Norway’s Labor Party led coalition government is arguably leaning towards opening up the area for oil and gas investments, in spite of vocal protests from its Socialist Left Party members. It has certainly been  [Read more →]