There was a conditional agreement: yes, Norway should manage this oil risk but it's politically difficult and that's the problem-- is that we're not able to do our optimal management.
他们在一定程度上同意我的观点:,是的,挪威应该设法解决石油的风险,但这在政治上很困难,其问题在于-,挪威无法做到最优的管理。
and it's an oil-based nation,
国家收入主要依靠石油。
It's the problem that sometimes people knock over an oil lamp in their home and they burn their own house down.
有时候会出现这种问题,一个人把自己家里的油灯弄翻了,然后把自己的房子点着了
I better say something about oil in the ancient world, so that you get a grip on what's going on here.
我最好说一下油在古代世界的地位,以便你能明白为什么会出售芳香油
It's not just that we need to reduce our indenpendence on foreign oil.
问题不仅仅在于我们需要,减少对国外石油资源的依赖。
The whole thing's going to come to some new equilibrium temperature between the products and the oil or whatever's around it, and we're going to measure that.
生成物和周围的油或,别的什么东西之间,达到某种新的平衡态,我们要测量的就是这个。
That's what triglycerides are like, they're just like oil.
甘油三酯看起来就是那样,就像油
If you get oil, crush the oil from the olives that come down from the trees, that's a nasty smell that it has.
如果想要得到橄榄油,就要从橄榄树上摘下橄榄来榨油,它的味道可真不好闻
Well not if you look at the futures market, which is in backwardation now and it's predicting major drops in the price of oil.
如果你看看期货交易市场,现在正处于交割延期的时期,而这正预示了油价将要下跌
It's 12% oil, 36% stocks, and 52% bonds.
是12%的石油,36%的股票,和52%的债券。
Middle east oil is critical to the rise of India and China, and in that sense it's very much part of the economic process.
中东石油,对于中印的崛起非常关键,因此它是东南亚经济发展的,重大保障。
I don't know what percent; our oil reserves in the U.S. are pretty small, so we're kind of lying somewhere inside-- maybe on this pink line.
我不知道具体占百分之几;,美国的石油储备量是微不足道的,所以我们可能是位于这附近-,也许在这条粉线上面。
Here's a really simple example. Mixing of oil and water.
这有一个很简单的例子,水和油的混合。
As of then, I calculated the value of their oil in the North Sea and that's what I got-- it's worth about 3.5 billion Norwegian Kroner.
我计算了当时他们拥有的北海石油的价值,这是我的计算结果-,它价值35亿挪威克朗。
The market portfolio is, if you took all the stocks and bonds, and oil, and real estate, anything that's available to invest in, in the whole world, put them all together in one portfolio.
市场组合则是,假设你在全世界范围内购买了所有,能够投资的股票,债券,石油和房地产,将他们放在同一个投资组合里。
Now this behaves very differently in water because part of it is water soluble, this part is, it's a molecule that would like to dissolve in water and part of it is like oil, it doesn't want to dissolve in water.
它们在水中表现出十分不同性质,因为一部分是水溶性的,这一部分是,是一种可以溶于水的分子,而另一部分就像油,不会溶于水中
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