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The less oil Norway uses domestically the more they can sell on the market
by panzer_wyrm 9y ago
The less oil Norway uses domestically the more they can sell on the market
- acchow 9y agoAre you an economist? This is not how economics works. It's frustrating to see overly-simplistic statements passed off as facts by supposed "experts" on HN. The actual economics is way more complicated. Some thoughts to ponder: 1) Why don't other countries oil-producing nations try to minimize their own oil consumption in a similar way? 2) Why don't other countries do the same with whatever natural resource they have an abundance of?
- deleted 9y ago[deleted]
- Brakenshire 9y agoYeah, its a moral thing, and also to a degree an economic diversification policy. Saudi is actually doing a similar thing, trying to encourage non-oil industry.
- tonyedgecombe 9y agoThey aren't having much success though, the curse of oil and all that stuff.
- gcb0 9y agobecause most oil producing countries can't have the luxury of also having hydro power. When they do, the comment you called a liar is very true.