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Celebrities / Re: 12 Hottest Nigerian Celebrity Women Of 2012 by caseymoney(m): 4:19am On Dec 25, 2012
http://www.distinctradio.com. Naija Radio Online for unlimited music.
Properties / Re: Carport Installation In 48hrs (picture) PROTECT & SHIELD YOU CAR INTERIORS by caseymoney(m): 1:33am On Jun 16, 2012
Let me have your email so I could request your prices since you have decided to make the price a calling matter. I don't like putting my email on blog. The last time i did, i started getting junk and spam from fraudster.
Foreign Affairs / Norway’s Example Of Oil And Gas Boom Done Right. by caseymoney(m): 8:33pm On Jun 06, 2012
Norway has carefully controlled its oil and gas industry ensuring it doesn't suffer the same fate as other countries where oil has become a curse.

http://www.theworld.org/2012/06/norways-example-of-oil-and-gas-boom-done-right/

Norway’s Example of Oil and Gas Boom Done Right
By Laura Lynch ⋅ June 6, 2012 ⋅ Post a comment


Stavanger has grown wealthy on the proceeds of the oil industry and is now one of the most expensive cities in the world. (Photo: Laura Lynch)
In the pretty harbour city of Stavanger, on Norway’s North sea coast, the seagulls are screeching high above the town square adjacent to a sparkling blue fjord. Here, it’s easy to get a glimpse of the country’s hardscrabble economic past and its booming present day spectacular wealth.

This harbour used to be lined with herring canneries, dozens of them. Piers Croker, the curator of the Norway Canning Museum, says it was the lifeblood of Stavanger.

“Let’s put it like this,” he says. “Fifty percent of the working population was employed in the canneries; another 15 percent in the supply industries. And there was a newspaper headline in the 1920s ‘The City that Stands on One Leg’ and that leg was canning.”

Croker shows an old canning machine and says one employee set a record when he managed to seal a thousand cans a day. That man’s grandson still lives in the town. But the canneries were all gone by the early 1980s.

Almost everyone now works in the offshore oil industry that transformed the town. Croker says the change was stunning.




“There was a guy who had been in the in canning industry for 30 years. And his wages, when he retired from the canning industry, were less than his 18-year-old daughter [was making] beginning in the oil industry.”

The sleepy fishing town now boasts high-end fashion shops. The harbour is dotted with cranes and offshore oil platforms either in for maintenance or ready to float out to the North Sea drilling sites. It is evidence of good times. But it is also proof that Norway has avoided the so-called “Dutch disease.” Everywhere else in the world a boom in oil has led to a decline and sometimes devastation of other parts of the economy.

Norway’s success, some say, is largely down to one man. “Had [I not come] to Norway, I probably would have not done even anything with these ideas,” says Farouk al-Kasim. Al-Kasim, who is in his mid-seventies now, moved to the town with his Norwegian wife and family in the late 1960s from Iraq where he worked as a geologist for the state oil company.

Al-Kasim quickly found work just as one of the world’s largest oilfields was discovered off the coast of Norway. The government saw his background and hired him to help devise a strategy for managing the resource and the revenue. Al-Kasim says one of the first things Norway did right was to control its newfound wealth.

“You don’t really benefit at all by allowing oil revenue to come onto you like a tsunami and flood everything that will completely destroy non-oil sectors of the economy,” he says. That’s what happened in the Netherlands in the 1970s. As oil exports boomed, the flood of money into the domestic economy inflated the currency, leading to price increases. The increases destroyed exports and led to joblessness and inequality.

By contrast, Norway has held on to almost all of the revenue it earns in a giant and ever-growing savings account, known as the “oil fund.” It now holds almost $600 billion and is one of the largest sovereign wealth funds in the world.

Petter Osmundsen, professor of petroleum economics at the University of Stavanger, says the small amount the government withdraws for spending each year — four percent — is more than enough. “We have been spending a lot of money so even this four percent is a very good increase in public budgets over the last years with good oil price and high oil production,” he says. “We are not starving.”

And the sovereign fund isn’t allowed to invest in Norway. That helps avoid inflation and makes non-oil companies more competitive globally.

But there are challenges. Osmundsen says the global financial crisis has made Norway almost too successful compared to its neighbors.

“We are having good times whereas the others are having bad times,” Osmundsen says. “So we keep getting pay rises whereas the other countries are getting pay cuts. If this lasts for a number of years the Norwegian competitiveness will be reduced in other industries than oil.” So earlier this month, Norway decided to cut its spending from oil income by a billion dollars to slow economic growth.

None of this seems to bother Norwegians, even though the fund holds more than one $100,000 for each citizen. They seem content to save for the future and continue to pay high taxes. Al-Kasim isn’t surprised by their attitude. He believes one of the reasons the Norwegian approach has worked is something he noticed when he first arrived more than 40 years ago.

Al-Kasim believes it was a legacy of the Second World War when Norwegians lived under Nazi occupation. “This sense of belonging together, being completely not only dependent on each other, but trusting each other, this solidarity in the nation was absolutely unique,” he says.

Across town from the simple structure that houses the canning museum, Stavanger’s oil museum is a much more modern, sleek building right on the waterfront. The almost spooky echo of a simulated depth sounder is one of the exhibits, along with scale models of drilling platforms meant to give an impression of what it’s like to drill for oil under the sea. But there’s also a digital clock showing the oil revenue climbing second by second. Another wing houses a gourmet restaurant with gourmet prices. Oil has been good to the town – it’s now one of the most expensive cities in the world. And to Norway.
Properties / Re: Paint Applications Campany, Affordable With Good Quality Works by caseymoney(m): 9:12pm On May 17, 2012
What's your email and telephone number. I also need to know where your located.
Properties / Re: Does Tiles Sell In Nigeria Carries " P.E.I WEARING RATINGS" ? by caseymoney(m): 2:01am On May 15, 2012
The Porcelain Enamel Institute ( PEI ) is a testing system to rate the strength of the glaze that is applied to the tile against scratching and wearing. I believe there are good tiles in Nigeria but you may pay more to get the good stuff. 80% of tiles here in the US are either made in Mexico or China. The good news is, there is quality control on stuff that are shipped/imported to the United States.

As you rightly said, the PEI ratings doesn't affect the price or quality of any tiles. However, It help you determine which tiles should be used in a particular section of the house you are flooring. PEI is not applicable to all type tiles. It's for glazed tiles only.
Properties / Re: The Real Cost Of Building A 6 Bedroom Duplex (reloaded) by caseymoney(m): 10:38pm On May 11, 2012
Spyder880, Abeg how much be that tiles wey you install outside your house. I think that would save man painting wahala.
Properties / Re: Strong, Beautiful And Affordable Homes by caseymoney(m): 3:11am On Apr 30, 2012
Spyder, what's the cost of the septic tank decking? Including iron rod, plank and cement.
Properties / Re: Bungalow by caseymoney(m): 12:52am On Apr 13, 2012
^^^Cinzo, it seems workmanship is high and misleading at your end. Most of your cost seems higher than the norm. Anyway, I appreciate your response.
Properties / Re: The Finishing Of My House (Oluwa Champion) by caseymoney(m): 12:35am On Apr 06, 2012
Am Alone, could you provide me your tiler number. I meant the one that did a great job and not the one you filed due to shoddy job. Thank you in advance.
Properties / Re: Bungalow by caseymoney(m): 6:44pm On Mar 31, 2012
Cinzo, how much did you install your tiles per sqm?
Properties / Re: The Finishing Of My House (Oluwa Champion) by caseymoney(m): 4:45pm On Mar 31, 2012
Am Alone, this your house na Five(5) star hotel. Enjoy your house and may the good Lord give you long life to dwell in it and build something much bigger. Those Kitchen Cabinet looks cool and well finished. I hope my local carpenter could do something as neat as yours. What brand of paint did you use?

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Properties / Re: The Finishing Of My House (Oluwa Champion) by caseymoney(m): 1:13am On Mar 31, 2012
Color Splash! I love your concept? Can you give me info about your kitchen cabinet?
Business / Re: Why Nigerian Youths Need 2 Embrace Enterpreneur Skills by caseymoney(m): 8:09pm On Mar 14, 2012
I think youth should spend most of their time researching on alternative power supply that's much efficient than the gas generator. Even the advance world is already walking towards clean energy and we are still talking about how to stabilize a dirty energy.

Most youth in Nigerian are just too lazy for my liken. They lack enthusiasm and always looking for shortcut to make it in life. We got lot of Steve Jobs and Gates in Nigeria but they are yet to discover their talents.

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Properties / Re: The Real Cost Of Building A 6 Bedroom Duplex (reloaded) by caseymoney(m): 6:08pm On Feb 28, 2012
What's going on my people? Pls more update and pictures for the eyes.
Politics / Re: Suggestion To Nairaland Owner (seun Osewa) by caseymoney(m): 4:47am On Feb 27, 2012
The new design is crap!
Properties / Re: The Real Cost Of Building A 6 Bedroom Duplex (reloaded) by caseymoney(m): 5:57pm On Feb 23, 2012
This thread has become a question and asnwer section which, makes it interactive though.
Properties / Re: Bungalow by caseymoney(m): 10:28pm On Feb 22, 2012
^^ More pictures for the eyes abeg! Eyes itching
Properties / Re: The Real Cost Of Building A 6 Bedroom Duplex (reloaded) by caseymoney(m): 8:55pm On Feb 22, 2012
^^^You guys are clown.
Politics / Re: Lagos To Enjoy 24hrs Electricity Supply by caseymoney(m): 11:19pm On Feb 21, 2012
It's a welcome development. Let's keep fingers crossed.
Properties / Re: Bungalow by caseymoney(m): 11:01pm On Feb 20, 2012
Cinzo, keep it coming, nice looking house. Am Alone, I love your color selection. That's color splash!!!
Celebrities / Re: 9ice Goes Back School, Plans To Venture Into Politics Come 2015 by caseymoney(m): 2:58pm On Feb 20, 2012
^^^How do you mean. He's a citizen of Nigeria. He has the right to vote and be voted for. Must you be a lawyer to become a house member? Everybody got the constitution right to vote and be voted for.
Properties / Re: The Real Cost Of Building A 6 Bedroom Duplex (reloaded) by caseymoney(m): 1:31am On Feb 18, 2012
Brabus, make you paint your landlord house now? May be you changed the paint and he doesn't like it.
Properties / Re: Bungalow by caseymoney(m): 4:29am On Feb 16, 2012
^^Thanks man. Do you have his nairaland screen name?
Properties / Re: Bungalow by caseymoney(m): 6:47am On Feb 15, 2012
Cinzo, can you share the nairalander guy contact you bought your tiles from?
Properties / Re: Building A Large Duplex In Enugu by caseymoney(m): 12:23am On Feb 15, 2012
Thanks for the info, Keep up the good job.
Properties / Re: The Real Cost Of Building A 6 Bedroom Duplex (reloaded) by caseymoney(m): 12:20am On Feb 15, 2012
Keep it coming Spydeee!!!!
Properties / Re: Reality Building Of A 4 Bedroom Bungalow by caseymoney(m): 3:13am On Feb 14, 2012
tlops:

well, I for one have no ongoing project, but I hope that one day soon I will, so it will be good to have knowledge of what to expect,

^^ No offence. I appreciate your response.
Properties / Re: Building A Large Duplex In Enugu by caseymoney(m): 3:11am On Feb 14, 2012
Spyder, how much does it take to construct each of those pillar?
Properties / Re: Building A Luxury Block Of Flats: Day-to-day Updates (with pictures) by caseymoney(m): 9:43pm On Feb 13, 2012
Some bad belle in this forum had discourage Brabus from sharing. I could recall how people turned themselves to a Judge with a law certificate!
Properties / Re: Reality Building Of A 4 Bedroom Bungalow by caseymoney(m): 6:09pm On Feb 13, 2012
Many of you like requesting for cost, I haven't seen you guys posting the cost of your project here. I think we should follow suit. I salute spyder for his transparency. Please, let's follow with due diligent.
Properties / Re: The Real Cost Of Building A 6 Bedroom Duplex (reloaded) by caseymoney(m): 4:52am On Feb 13, 2012
^^^Yes oo. Spyder let's see the final look of your roof.

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