All posts by Turflinger

Rubio: Sanders Would be a Great President — for Norway

Republican presidential candidate Marco Rubio says Democratic hopeful Bernie Sanders’ political leanings belong in another country.

“I think Bernie Sanders is a great candidate for president — of Norway,” Rubio said Saturday at the New Hampshire GOP’s First In The Nation presidential town hall in Nashua.

“I don’t want to be called Norwegian , I have nothing against Norway. We have a really good candidate for you: Bernie Sanders.”

The Florida senator’s barb comes just weeks before the first votes are cast in Iowa and New Hampshire, as Sanders closes his gap with Democratic front-runner Hillary Clinton in Iowa and continues to gain strength in New Hampshire.

US and European Business Groups Urge Agreement on Data Flows

Cross-border data flows are essential to innovation, job creation, and economic growth in both Europe and the United States. 

This week, the U.S. Chamber of Commerce, along with BUSINESSEUROPE, DIGITALEUROPE, and the Information Technology Industry Council issued a letter to President Obama, the Presidents of the European Commission and Council, and the heads of the 28 European Union member states underlining the need to urgently reach an agreement on a new Safe Harbor data transfer mechanism as well as create long term certainty for businesses of all sizes which depend on the seamless flow of data and information across the Atlantic.

​As representatives of companies in a wide variety of sectors that do business in Europe, the United States, and around the world, our letter conveys the critical importance of U.S. and EU efforts to come to a comprehensive and sustainable transatlantic agreement concerning data transfers.

Given the two sides’ self-imposed deadline of January 31 for a renewed agreement, we call on the leaders to immediately move ahead to ensure a durable legal framework for transatlantic data flows to avoid costly interruptions to economically vital exchanges across the Atlantic now and into the future.

Norway and the US Visa Waiver Program

Last week, Secretary of Homeland Security Jeh Johnson met with Norwegian Minister of Justice and Public Security Anders Anundsen to discuss cooperation on a number of shared security and travel facilitation issues.

A trusted security partner, Norway has been a member of the U.S. Visa Waiver Program since 1991. During the meeting, Secretary Johnson and Minister Anundsen discussed next steps for ensuring secure, visa-free travel between the United States and Norway.

On December 18, 2015, Congress passed the “Visa Waiver Program Improvement and Terrorist Travel Prevention Act of 2015,” which introduced new requirements for Visa Waiver Program countries, including Norway, and their citizens. These legislative changes include regulations for E-Passports and visa requirements for citizens of all Visa Waiver Program countries, including Norwegian nationals, who have dual citizenship in – or since March 1, 2011 have traveled to – Iraq, Syria, and countries designated as state sponsors of terrorism. In addition, the legislation requires Visa Waiver Program countries to screen travelers against INTERPOL databases and implement the information sharing agreements required under the Program. Secretary Johnson underscored the importance of working together to swiftly implement these new legislative requirements and the security enhancements to the Visa Waiver Program introduced by the Department of Homeland Security in August 2015.

Secretary Johnson and Minister Anundsen continued the dialogue between the United States and Norway on expanding Preclearance operations to Oslo International Airport. Secretary Johnson emphasized the importance of expanding the Preclearance program, which enables U.S. Customs and Border Protection to stop potential threats before they arrive on U.S. soil and provides strong economic opportunities between the two countries. Secretary Johnson and Minister Anundsen also reaffirmed their commitment to work together to implement the provisions of United Nations Security Council Resolution 2178, which addresses terrorism and preventing the movement of foreign terrorist fighters through improved information sharing, interdiction and arrests, and border security measures.

Norway Urges Oil Firms to Think Long-Term

Investments in Norway’s key oil and gas sector will fall further in 2016 and in the coming years following a 16-percent drop in 2015, the Norwegian Petroleum Directorate (NPD) said in its annual update, suggesting more pain ahead for the country’s economy..

The head of the Norwegian Petroleum Directorate, Bente Nyland, made the following comments to Reuters on Thursday:

ON THE DROP IN OIL PRICE TO AROUND $30 PER BARREL

“It is clear that it is worrying with the fall in oil prices combined with a continued high-cost level.

“We are starting to see some bright spots as the firms work on cutting the costs … In general we think it will work out fine, but that is only if we assume that the drop in oil prices is temporary and that in the long term it will stabilize at a higher level.

IF THE OIL PRICE DOESN’T PICK UP?

“Then we will see things halting, decisions won’t be made.

“It is important to us that you consider what the oil price is during a field’s lifetime, and that is what you should calculate, what it is over the 50 years it is going to produce.”

ON OIL FIRMS’ SHORT- VS LONG-TERM STRATEGY

“It can appear as if the companies are very focused on the next quarter and delivering better and better, but this is a cyclical industry, so we are trying to put pressure on them to think more about the long term.

“Sverdrup is going to produce for 50 years, what happens next quarter is completely uninteresting, but it is maybe interesting for the stakeholders.”

WHAT OIL PRICE DO YOU BASE YOUR OUTLOOK ON?

“We don’t disclose that, but we base it on the trend we have seen over the past half-year.”

ON SVERDRUP PHASE 1 PRODUCTION START

“We have a small disagreement with the operator on this because we have pushed it a little further in time than what the development plan says.

“This is because it is such a complex development that we believe it will be a little delayed compared to what the operator expects. But this is not worrisome.

“We think Sverdrup will come into production around 2020, for phase 1, while phase 2 will start around 2022.”

ON OIL FIRMS’ DIVIDENDS AND WHETHER THEY SHOULD BE SUSPENDED

“We don’t come with either a no or yes to that kind of decisions.”

NHO: Frihandel og demokrati

Cathrine Sandnes og Lars Gunnesdal i Manifest Tankesmie fremstiller i DN 11. januar internasjonale handelsavtaler som en trussel mot demokratiet: «liberalistisk fremrykking må nå skje ved å sette demokratiet til side». De lengter tilbake til de tre gyldne, keynesianske tiårene etter 1945.

Det er absolutt legitimt å være mot kapitalisme, markedskrefter og internasjonal handel. Men når Manifest fremstiller økonomisk liberalisme som en motsetning til demokrati, er de på ville veier.

Det er selvsagt ikke udemokratisk å deregulere økonomien. Det er heller ikke udemokratisk at våre regjeringer forhandler frem internasjonale handelsavtaler. Det ville tvert imot vært en unnlatelsessynd om regjeringen ikke tilpasset Norge til den internasjonale virkelighet.

Tiden med nasjonal selvberging er for lengst forbi. For et lite land som Norge er internasjonal handel spesielt viktig for vekst og velstand. Spesielt de siste tiårene, der Kinas vekst har bidratt til høye priser på våre eksportvarer.

Når Manifest sprer sitt anti­globaliseringsbudskap, kan de gjøre det ved bruk av Facebook, Twitter eller andre sosiale medier, redskap utviklet og drevet av store, multinasjonale, kommersielle selskaper som er avhengig av internasjonal handel og investeringer.

Internasjonal handel bidrar til velstandsutvikling. Konkurranse bidrar til teknologiutvikling.

Det er samtidig viktig med gode kjøreregler for internasjonal handel. NHO mener at det har vært viktigst å sikre globale regler gjennom Verdens handelsorganisasjon, WTO. Dessverre har forhandlingene om en ny avtale, den såkalte Doha-runden, stått i stampe de siste ti årene. Det er derfor vi har fått en oppblomstring av regionale frihandelsavtaler som TTIP og sektorspesifikke avtaler som TISA.

For Norge skaper dette utfordringer. Når WTO er blitt mindre viktig, svekkes vår innflytelse.

USA og 11 land rundt Stillehavet signerte nylig en ny og omfattende samarbeidsavtale (TPP), og EU og USA forhandler for tiden om en handels- investeringsavtale, TTIP. Norge står utenfor. Norske bedrifter får dårligere konkurransevilkår enn konkurrentene. Det har vi ikke råd til.

Derfor er det sentralt at regjeringen er aktiv i de inter­nasjonale forhandlingene om handel med tjenester, TISA. Tjenester utgjør nærmere 75 prosent av norsk bnp, og norsk handel med tjenester har økt med 40 prosent på fem år. I 2014 eksporterte vi tjenester for over 300 milliarder, særlig innen maritime næringer og offshorenæringer, energi og telekom.

En hovedinnvending fra Manifest og andre kritikere av TTIP og TISA er at de er hemmelige. Det er ikke hemmelig at disse forhandlingene finner sted. Forhandlingsmandatene er vedtatt og demokratisk forankret i hvert land.

Selve forhandlingene kan selvsagt ikke være åpne for alle og enhver.

En grunnplanke i vårt representative demokrati er at regjeringen utgår av det parlamentariske flertall. Regjeringen er det utøvende organ som iverksetter politikken, herunder å forhandle internasjonale avtaler. Det er en god og velprøvd demokratisk prosess.

Statoil, ExxonMobil & ENI Agree on Development After Cutting Costs by 30%

Energy major Statoil and its partners have agreed on a development concept for their Trestakk oil and gas discovery off the coast of Norway after cutting the cost of the project by several hundred million dollars, the company said on Wednesday.

A final decision on whether or not to go ahead with the Norwegian Sea development will be taken during 2016, it added.

Statoil, ENI and Exxon Mobil have picked a subsea concept that will reduce the investment cost by 30 percent compared to their initial estimate from March 2015, Statoil said in a statement.

It did not reveal its cost estimate, but a Statoil spokesman said the savings amounted to several billion Norwegian crowns, corresponding to hundreds of millions of dollars.

One dollar currently costs 8.86 Norwegian crowns.

Development of Trestakk had previously been postponed to cut costs amid the crash in oil prices, which have forced energy firms to step up cash discipline and be cautious about investing in new projects.

The field, discovered in 1986, will be developed with five subsea wells which will be tied in to the nearby Aasgard field, Statoil said.

The oil ministry and the country’s regulator have put pressure on Statoil to develop Trestakk, as the project is seen as time-critical due to its dependence of infrastructure in the area.

Recoverable resources for the field were estimated at 75 million barrels of oil equivalents. Production upstart could take place in 2019, Statoil said.

Operator Statoil holds a 59.1 percent stake in the project while Exxon Mobil has 33 percent and ENI 7.9 percent.

The Smart Economics of Norway’s Parental Leave

An army, 40 strollers strong, grinds through the Norwegian forest. We are mamas uniformed in running tights and Technicolor tennis shoes (with a handful of papas thrown in), pushing all-terrain strollers down a hilly wooded path. This is a five mile stroller hike led by a yellow-vested guide, part of a weekly series organized by the Norwegian Trekking Association.

Enjoying nature with a sleeping babe wrapped in wool feels like a luxury. But the ultimate luxury is not having to worry about when I will go back to work, or who will take care of the baby: he will be home with either me or his papa until he is over 1-year-old. And all the while our monthly salary will be deposited into our bank account.

But is the Scandinavian model of ample paid parental leave too generous? The numbers say no, there is actually a benefit to the economy.

When I grew up in Wisconsin, “home economics” meant sewing pillows with crooked seams and baking lumpy biscuits. But Norway is a mastermind on the real implications of home economics. What the government subsidizes in parental leave and early childcare is more than offset by the increase in GDP created by mothers staying in the workforce.

Norway’s Ministry of Finance recently valued the contribution of additional working mothers to the country’s gross domestic product, and found it equivalent to the cumulative value of their pension fund since oil was discovered off the coast of Norway in the late 1960s. This is no small sum – the Norwegian oil fund is the largest sovereign wealth fund in the world, valued today at over $800 billion.

This modern take on home economics means that most mothers in Norway are working full-time. While this may mean that homemade birthday cakes suffer, the end result is a more productive society. For a small country like Norway, the participation of women in the labor force is essential. But larger countries like the U.S. should take note about women’s contributions to the economy.

Walter F. Mondale on America’s Empty Embassies

I am particularly concerned about the vacancy in Norway, now going on for more than two years. I care deeply about Norway, where my family originated before immigrating to Minnesota, along with thousands of others.

But my concern is not just sentimental: Norway is a key strategic ally and partner.

It shares a 122-mile border with Russia — an increasingly aggressive and unpredictable international actor. Norway is a NATO member that routinely carries out joint military exercises with our forces. And it has started to take delivery of more than 50 F-35 fighter planes it is buying from Lockheed Martin, making it an important trade partner as well.

Norway — and its neighbor Sweden, which also lacks an ambassador — have taken on particular importance in the aftermath of the Paris attacks. As recent news reports have documented, soldiers who fought for the Islamic State in Syria and Iraq have relocated to Northern Europe. Some may be trying to leave that life behind, but others represent a possible security threat — and we rely on close cooperation with Norway, Sweden and other countries in the region to track the travel and activities of these former fighters. The attacks in Paris painfully demonstrated the cost of not working together to conduct surveillance, and take decisive action when necessary.

Ski Legend Stein Eriksen Dies

Utah ski legend Stein Eriksen died Sunday at his home in Park City, surrounded by his family, Deer Valley Resort said in a statement. Eriksen was 88.

Known for decades for his impeccable style and panache on skis, Eriksen, competing for Norway, won the gold medal in giant slalom and the silver in slalom at the 1952 Winter Olympics in his hometown of Oslo. After winning three gold medals at the World Championships in Sweden in 1954, he immigrated to the United States, working in Colorado, Vermont, California and Michigan before helping to develop Park City Mountain Resort.

He then became director of skiing at Deer Valley, where he served in the role for more than 35 years. A five-star lodge at the resort is named in his honor.

“People kind of step aside when they see him coming. They don’t do that with other people,” longtime friend Jim Gaddis said in 2009, himself as a national champion racer for the University of Utah. “They’ll say, ‘There goes Stein.’ People want to watch him. It’s just amazing.”

Considered a founder of modern skiing, Eriksen developed a forward somersault that is credited as the forerunner of the inverted aerials performed by freestyle skiers today, the resort said.