One: Booming Oil Sector, Structural Change And Macroeconomic Policy -- 1. Oil Discoveries, Intertemporal Adjustment and Public Policy -- 2. Oil Revenues and the Norwegian Economy in the Seventies -- 3. A Comparative Study of the Macroeconomic Performance of Some Energy-Rich and Some Energy-Poor Economies -- Two: The World Oil and Gas Market -- 4. Modelling the Crude Oil Market. Oil Prices in the Long Term -- 5. Norway's Export of Natural Gas to the European Gas Market. Policy Issues and Model Tools -- 6. Measuring the Consequences of the Take or Pay Clauses in Natural Gas Consuming Countries -- Three: Production, Profitability and Taxes -- 7. Cost Structure and Profitability of North Sea Oil and Gas Fields -- 8. Petroleum Taxation: A Comparison Between Canada and the U.S. -- Four: Oil Revenues and Long-Term Macroeconomic Planning -- 9. Regional Impacts of Petroleum Activities in Norway -- 10. The Wealth Effect of North Sea Oil -- 11. Using the Oil Revenues: A Long Run Perspective -- 12. Certainty Equivalence Procedures in the Macroeconomic Planning of an Oil Economy.