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Diverging Realities...Tapping Energy and SWF Reserves?

beebee
edited October 2015 in The OT Bullpen
Norway has the largest Sovereign Wealth Fund and one of the largest gas fields in the world. Both are being tapped to meet budget shortfalls.

"Its platform -- the tallest structure to have ever been moved by human beings -- can deliver 120 million cubic meters of gas each day."

norway-gas-output-set-for-record-as-monster-field-is-revived

"the world’s biggest sovereign wealth fund (SWF), and is expected to tap this $820bn resource for the first time next year to balance its budget."

wealth-funds-from-oslo-to-riyadh-raid-coffers-to-offset-oil-drop

Interview in second article is very interesting. A smart financial guy straightens out a hyper (the sky is falling) dumb financial reporter (points for good looks). SWF are rearranging their portfolio...asset reallocation, not "selling" out of fear.
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