Norwegian oil production may stop [View All]

As seen on the liberal Drudge, http://www.rawstory.com

A Norwegian oil strike is threatening to shut almost all oil and gas output, raising chances of government intervention.

Following a week-long dispute, employers in the world's number three oil exporter said they would lock out all workers from offshore platforms from Monday at 22:00 GMT.

The move is designed to encourage unions to back down after a strike already cutting 375,000 barrels per day (bpd) of Norway's 3.0 million bpd output.

"We see no other option for ending the dispute than to impose a lockout," said Per Terje Vold, director general of the employers' Norwegian Oil Industry Association on the seventh day of a strike over pensions and job security.

http://english.aljazeera.net/NR/exeres/4F9198E4-9211-473C-B2C4-DD10EACB9069.htm