4 ms·
It basically boils down to a two things, I think: 1. They didn't allow the oil companies to call the shots. With this, they managed to avoid a lot of the cor
by tallanvor 16y ago
It basically boils down to a two things, I think:
1. They didn't allow the oil companies to call the shots. With this, they managed to avoid a lot of the corruption we see with MMS in the US.
2. Rather than spend the profits from oil, Norway invested it. So when oil production drops, they don't face a huge budget gap, they just have less to put into the investment fund. Granted, they need to start figuring out what will happen when oil production dries up completely, but they have quite some time before that becomes an issue.