Professor Oystein Noreng works on the Norwegian Business School, BI, and predicts an increasing importance of Norwegian Oil Interests in the OPEC area. He forecasts that Norway soon will be the second largest producer of oil and natural gas, second only to USA.
In Iran and elsewhere in the Persian/Arabic region Norwegian oil companies have an advantage in not being a former or actual colonial power and is able to connect in huge exploration projects and subsequently in bilateral production ventures.

Professor Oystein Noreng says that whatever outcome of the present war against terrorists, the oil market will need Norwegian oil products and know how. 
If  the worst scenario occurs and the war intensifies and USA go to action against Baghdad, the Turks invades the Northern Iraq, with a lot of oil, and the Israelis throws out one million Palestinians, global recession sets in with oil prices dramatically up.
Statoil will make huge profits.
In a scenario were USA succeeds in the war in Afghanistan and forces Israel to make a just deal with the Palestinians the political and economical conditions in the world stabilizes with a moderate oil price and the Norwegian oil business accelerates due to the acceleration of the world economic itself.
By the way, Professor Oystein Noreng states that, with the turmoil in the Flight Industry as an example, it looks as if the Reagan/Thatcherism has come to an end - the private industry again turn to the state for guarantees and support.
Statoil is already there - ready for a Brand New World!

Look for investment opportunity!

Tomas Brusell
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