How to get rid of the oil risk
Petter Bjerksund: We do not have to sell oil stocks to reduce the oil risk. The Government Pension Fund Global could rather issue a bond where the "interests" reflect the oil price.
The fundamental idea is to make a security that "catches" oil price risk. A possible solution may be that Norges Bank/the Government Pension Fund Global issue an oil bond, and that the capital collected is inserted into the fund, Petter Bjerksund writes.
His chronicle Slik kan vi blitt kvitt oljerisikoen (in Norwegian) was published in Dagens Næringsliv on September 26, 2018.