Norway-social + economic opportunties created by exploitation of energy resources

Question 1

oil and gas was discovered in Norwegien waters in

Answer 1

1960’s

Question 2

why have social and economic benefits been large?

Answer 2

huge quantities

Question 3

account for what fraction of Norway’s export earnings?

Answer 3

1/3

Question 4

Norway=7th largest producer of

Answer 4

crude oil, 3rd largest of oil behind Saudi Arabia and Russia

Question 5

ranked where in the world for total energy production?

Answer 5

8th

Question 6

how many people directly employed by oil businesses?

Answer 6

80,000

Question 7

almost how many jobs directly/indirectly linked to oil/gas industry?

Answer 7

25,000

Question 8

standard of living in norway

Answer 8

high as high incomes

Question 9

revenue from oil and gas has allowed…

Answer 9

high per capita spending on sports, youths, transport and general community cities in all areas including isolated ones

Question 10

welfare system is

Answer 10

one of the best in the world

Question 11

hep in norway

Answer 11

99% of electricity generation

850 hydroelectric plants

Question 12

cumulative causation

Answer 12

significant increase in economic growth can lead to more growth as money circulates economy

Question 13

environmental and economic concerns

Answer 13

• increasing number of heavy industries

- danger of major maritime incident

Question 14

government planning for future management of their resources?

Answer 14

> 150 billion dollars has been placed in government petroleum fund

Question 15

how many people employed?

Answer 15

80,000 people directly employed

Question 16

multiplier effect

Answer 16

cheep HEP has attracted heavy industries requiring large power inputs, creating jobs

Question 17

global leader in

Answer 17

sub-sea technology