Lien: Norway Not Concerned About U.S. Coal 'Renaissance'

The transcript discusses the potential impact of Trump's election promises on global energy markets, focusing on US energy production, environmental policies, and their implications for Norway and OPEC. It highlights the possibility of increased US energy output, a shift towards coal-friendly strategies, and the role of state-level legislation in environmental measures. The discussion also covers the dynamics of the global oil market, the influence of US policies on OPEC, and predictions for market rebalancing in 2017.

What is a potential outcome of fewer restrictions on US energy production?

• Decreased global competition

• Increased US energy output

• Higher energy prices

• Reduced energy consumption

How has Norway prepared to face global energy competition?

• By increasing oil prices

• By reducing production costs

• By limiting exports

• By focusing on renewable energy

What is a factor that might limit a coal-friendly strategy in the US?

• Federal legislation

• Public opinion

• International agreements

• State-level policies

Where is most of the new US oil production coming from?

• Private lands

• State-owned enterprises

• Federal lands

• International waters

What is a challenge to market rebalancing in 2017?

• Increased demand

• Oil storage overhang

• Rising production costs

• Decreased investments