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What would we do with that crappy mountain. Give use the oil, dammit.
by jerguismi 11y ago
What would we do with that crappy mountain. Give use the oil, dammit.
- bybjorn 11y agoHey now, how about appreciating the gesture at least? :-)
- fauigerzigerk 11y agoCareful what you wish for! Countries with oil seem to be in a world of hurt right now :)
- sheraz 11y agoExcept that Norway has been exceedingly prudent and now have one of the largest sovereign wealth funds in the world [1]. This fund is the largest stockholder in Europe. [1] - https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...
- scholia 11y agoExcept it's a pension fund... Did anybody suggest using some of the money to deliver fiber optic broadband to every home in Norway? Either way, it's a much better outcome than the UK, where governments pissed away the benefits of North Sea oil and gas....
- nhaehnle 11y agoThe story of how Norway came to be the country that survived oil is fascinating. The crux is they had the insane luck of a young but experienced Iraqi geologist with the right mindset showing up on their doorstep at just the right time - and the wisdom to know they needed his help. This is where I first read the story: http://www.ft.com/cms/s/0/99680a04-92a0-11de-b63b-00144feabdc0.html http://www.ft.com/cms/s/0/99680a04-92a0-11de-b63b-00144feabd...
- josinalvo 11y agopaywall :(
- IkmoIkmo 11y agojust search for the iraqi who saved norway from oil on google, click the link.
- S4M 11y agoIt was actually discussed here on HN several times before: https://hn.algolia.com/?query=norway%20iraq&sort=byPopularity&prefix&page=0&dateRange=all&type=story https://hn.algolia.com/?query=norway%20iraq&sort=byPopularit...
- deleted 11y ago[deleted]
- abrowne 11y agoGoogle search the URL and follow the link. Works for FT, WSJ and many others who have some agreement with Google.
- vhffm 11y agoDespite its name, it is in fact not a pension fund. http://www.nbim.no/en/the-fund/about-the-fund/ http://www.nbim.no/en/the-fund/about-the-fund/
- scholia 11y agoThanks! I was perhaps mislead by Wikipedia, since that's where I looked for info ;-)
- pi-rat 11y agoWe actually tried to give away major oil rights to the Swedes 35 years ago, in exchange for 40% of Volvo, but the Swedes refused. So we ended up pumping up the oil ourselves and invested it in a giant oil fund. This oil fund is now the second biggest owner of Volvo. Thank you Sweden for not accepting the offer :)
- Cyph0n 11y agoWow, really? Sweden must regret that decision so much haha!
- Johnny_Brahms 11y agoYou know that the sovereignty of Norway was just a hundred year trial until 2005. We could have just gone "Nope, they still eat fiskekaker. it has obviously not worked out." Now, it would have been a diplomatic crisis, but we _could_ have done it.
- yongjik 11y agoIn an unexpected Ninja move, Norway gives Finland Shetland and Falkland Islands as gift. Sources say Oslo has ordered five million barrels of popcorn.