Norway Oil Rush Turns to Fool’s Gold for Villages Left Behind

Norway Oil Rush Turns to Fool’s Gold for Villages Left Behind

Kristian Helgesen/Bloomberg

The Scarabeo 8 deepwater oil drilling rig, operated by ENI Norge AS, in Olensvag, Norway. While the boom has turned some fishing villages into affluent towns with costs rivaling Zurich and Tokyo, it has also turned Norway into Europe’s most expensive place to do business.