Tuesday, July 10, 2012

The Vikings Don't Mess Around -- Absolutely Nothing To Do With The Bakken

Norway imposes compulsory arbitration; oil to start flowing again for Statoil. I doubt we would see this in the US.

Actually, the state of Norway -- the government -- is the biggest shareholder in Statoil, currently owning about 67% of the company.  It should not come as a surprise that the largest shareholder was able to -- and did -- order both sides back to the bargaining table. Gee, I wonder how the bargaining will turn out?

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