The perfect balance

Natural gas

One of the most accepted assumptions in policymaker circles over the past decade has been that a government enjoying a growing dependence on oil revenues should establish a stabilisation fund. Using the positive examples provided by Norway and the US state of Alaska, the reasoning has been that such a fund may be used to stabilise national budgets and protect them from oil price volatility, as well as being invested over the long term to provide a return for future generations. With the

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