Oil Warning Sounded by Norway Central Banker Ulltveit-Moe

Norwegian economist Karen Helene Ulltveit-Moe got where she is by speaking out. Now that she’s joined the board of the country’s central bank, she’ll have to learn to zip her lip in public.

She quit a committee charged with making industrial-policy recommendations in 2005 to protest how it was reaching its conclusions. Her research challenging a tax break for the shipping industry landed her in front of a parliamentary group to explain her findings. She’s been among the strongest voices saying Norway must prepare for the time when oil revenue no longer fuels the economy.