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...decades, Statoil and Hydro relied on the plentiful reserves on the Norwegian continental shelf for almost all their output; last year, that area off the country's north and west shores accounted for more than four-fifths of the two firms' production. That bounty has made this nation of just 4.6 million people rich. Government taxes on the country's oil business - Norway is the world's fifth largest exporter by volume - have helped bloat Norway's national pension fund to around $350 billion. But those good times couldn't last forever. With fields beginning to dry up, oil production...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

...biggest rivals. After the megamergers of the late 1990s - such as Exxon with Mobil and BP with Amoco - the Norwegian firm ranks as only the 10th largest in the world in production. StatoilHydro might churn out 1.9 million bbl per day, but that's less than half the daily output...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

Such skills will come in handy elsewhere, too. The group plans to build on its presence in key deepwater areas from the Gulf of Mexico to Angola, Statoil's largest production site outside Norway. The expected result: while just 14% of the combined firms' output would have been outside Norway in 2006, that figure will rise to 25% in 2009, forecasts Carnegie's Olaisen...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

...Schauer pointed out in an influential recent law-review article, however, "most of the court's agenda lies some distance from the nation's." Compounding this is the fact that the court is tackling fewer cases than at any other time in the past half-century. Last term's output of just 68 decisions was the lowest since 1953. Court watchers and even the Justices themselves aren't sure why the docket is so small. Nor do the Justices have a plan for picking up the pace. The U.S. is the world's most litigious society, but our lawsuits aren...

Author: /time Magazine | Title: The Incredibly Shrinking Court | 10/11/2007 | See Source »

...demonstrated the best and the worst of the Crimson when it comes to closing the door on opponents.For the most part, Harvard finished drives in a fashion not yet seen this year, scoring five times—all touchdowns—in the team’s biggest offensive output of the season. The Crimson also scored three times in four trips to the red zone, finally helping to shore up an area that plagued the team in its two losses this season.It was Harvard’s one unsuccessful red zone trip, however, which was indicative of the team?...

Author: By Malcom A. Glenn, CRIMSON STAFF WRITER | Title: Harvard Plays Dominant Fourth Quarter | 10/8/2007 | See Source »

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