Norway debates whether to leave oil untapped

Juliet Eilperin of the Washington Post has an enlightening piece in today’s paper, Norway Debates the Promise, Costs of New Drilling. Norway is the world’s third largest oil exporter, but there is a significant discussion as to whether it should take advantage of the melting of the Arctic ice caps to drill still more.

A memorable quote was this one, from an activist:

“We are a country of petroholics. A nice, little, selfish country of petroholics.”

There’s also an intriguing reference to a philosopher who advises the Central Bank on where to invest its oil profits. I’ll bet this person is not one of Heilbroner’s Worldly Philosophers.