Oil investment too low to reduce prices!

Today, we can in Financial Times read that "The Organisation of the Petroleum Exporting Countries" and international oil companies these days are investing too little in production and refining to reduce record prices in the next five years and possibly beoynd. This will perhaps mean that the pil prices will keep growing, and at least stay at today's level.

The International Montary Fund warns about this and says: "Bawsed on current investment plans, production capacity is unlikely to grow enough to outpace future growth in consumption and create adequate spare capacity"

My first assumption is that is good news for the Norwegian economy. The oil fortune will keep on growing, and we will be a richer country. Many people says that "hey, we doesn't see anything of this oil money except in the high petrol prices!" Well, that is not exactly right. I dont remember when , where or who ;), but a German research claimed that we Norwegians have in average maybe 10 000 NOK more in yearly salary because of the oil money. If anyone remember this research, please tell me.

But still, the danger is that we becomes a nation of sluggards. Because when we dont have to be creative and innovative, it occurs much more rare. (Like Schumpeters theories).

But i have to run.
Go Norway!!