ocr: Strengths Western Europe's biggest producer and exporter of oil and natural gas. Mineral reserves. Hydroelectric power satisties much of country's energy demands, allowing most oil to be exported. Large merchant-shpping tleet. Balance of payments surplus. Low intlation (1.3%: in 1994) and unemployment compared with rest of Europe. Wealaesses Investment is still almost entirely directed at the oil industry. Over- dependence on oil revenue. Small home market and inaccessible geographical: location. Harsh climate limits agriculture. Profile The state is interventionist by nature. In 1991 it stepp ...
