25.08.2015 - Norway has a secret weapon to deal with falling oil prices
The decade-long boom in oil and gas prices is over. Those falling oil prices continue to have major consequences for oil-dependent countries Venezuela and Nigeria. Norway's sovereign wealth fund is the largest in the world — and its value keeps growing, by virtue of a government policy that limits the government's usage of the fund to just four percent annually. The fund, however, could be the biggest loser in Monday's global stock market selloff — with almost two-thirds of its investments in equities. And with the current dip in oil prices, the government may be inclined to change the policy to allow access to more of the fund's assets...............................................Full Article: Source
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