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All this sounds very comforting, considering that the oil is going to run out (* ). The north being inspirational to us, I hope, will continue into the future.

by jakub_h 11y ago

All this sounds very comforting, considering that the oil is going to run out (* ). The north being inspirational to us, I hope, will continue into the future. ((* ) And by "run out", I mean "become unprofitable to pump considering the market price", of course.)

useerup 11y ago
The "financed by oil" is exclusive to Norway. No other Scandinavian/Nordic country enjoys similar fortune. But it may highlight another point that could be made: Instead of corrupting the country similar to the oil-rich arab states, the norwegians have managed the richness with a typical Scandinavian common-sense (Lutheran?) approach: Define the oil richness as a common good and make sure to invest profits for future generations rather than burn it all on the current generation. http://www.huffingtonpost.ca/2014/01/11/oil-fund-norway-millionaires_n_4576887.html http://www.huffingtonpost.ca/2014/01/11/oil-fund-norway-mill... But, as I said - that is a luxury only Norway has enjoyed.
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- noselasd 11y ago
  > with a typical Scandinavian common-sense (Lutheran?) In fairness, the model used for managing the oil in Norway was created by an Iraqi immigrant. (http://web.archive.org/web/20090831100821/http://www.ft.com/cms/s/2/99680a04-92a0-11de-b63b-00144feabdc0.html http://web.archive.org/web/20090831100821/http://www.ft.com/...)