Fintan Magee (Australia) just finished his most recent mural “Monument to a Disappearing Monument” for Nuart Festival in Stavanger, Norway.
“In the beginning of 2016 global oil prices dropped to their lowest in decades. The slump has been driven by and a lack of demand attributed to the rise of the fracking industry, more Fuel efficient vehicles, a lack of investment in exploration and a number of other factors.
Norway, one of Europe’s biggest oil producers has been hit hard by the price slump and in the oil city of Stavanger, house prices are falling, unemployment is rising and restaurants are closing. Some now predict that Norway could lose close to 200,000 oil jobs by 2020.