Norway’s Oil Stimulus Nears Tipping Point as Growth Fades - Bloomberg: "A near half-decade boom in oil investments in Norway is about to come to an end, sapping momentum in the economy of western Europe’s largest crude producer, the country’s main economic forecaster said.
“The big change next year is investment in the petroleum industry because we have reached the highest level, it’s peaking next year,” Hans Henrik Scheel, director general of Statistic Norway, said yesterday in an interview at his Oslo office. Oil investment will stabilize at a high level and the “demand impulse will be there but not a growth impulse,” he said."
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