activities. Instead, Norway tries to seek redemption by (1) using the financial power of the Oil Fund to promote sustainability …Every oil producing nation is confronted with a complex and fundamental ethical dilemma. On the one hand, there are … moral arguments for the nation to use the petroleum resource for the benefit of society and make it available for countries …

The study focuses on the political economy of oil resources management in Nigeria with the sole purpose of showcasing … how far the country has gone in effectively managing its crude oil proceeds. It presents a brief history on the excess … crude account as well as the sovereign wealth fund in Nigeria and then presents the models of excess oil resource management …

Oil exporters typically do not consider below-ground assets when allocating their sovereign wealth fund portfolios, and … ignore above-ground assets when extracting oil. We present a unified framework for considering both. Subsoil oil should alter … any unhedged volatility must be managed by precautionary savings. If oil prices are pro-cyclical, oil should be extracted …

Oil exporters typically do not consider below-ground assets when allocating their sovereign wealth fund portfolios, and … ignore above-ground assets when extracting oil. We present a unified framework for considering both. Subsoil oil should alter … any unhedged volatility must be managed by precautionary savings. If oil prices are pro-cyclical, oil should be extracted …

Many oil exporters accumulate large sovereign wealth funds, though their portfolio allocation does not take into … account below-ground assets, like oil. Similarly, the above-ground portfolio does not affect the decision to extract oil. This … paper shows that subsoil oil wealth should change a country's above-ground asset allocation in two ways. First, the holding …