> Contrast them with neighboring Sweden for example when it comes to technological innovation. Well, all the scandinavian countries are very innovative compare

> Contrast them with neighboring Sweden for example when it comes to technological innovation. Well, all the scandinavian countries are very innovative compared to their population, so that's not a very fair comparison. Anyway, Norway is still extremely innovative. Maybe not in consumer facing and software related industries, which is what gets visibility in Hacker News. Norway doesn't have Spotify or IKEA. But Norway has the worlds cleanest production of aluminum. It has been innovative in fertilizer production. It has a very strong microelectronics design industry. ARM's GPUs are designed here, most of the worlds Bluetooth Low Energy microcontrollers and other RF microcontrollers. It has the worlds leading automotive CMOS imaging sensor design center. Etc. Tomra is a world leader in recycling technology. And lets not forget all the non-petroleum marine innovation. Yes, the oil industry is dominating. It's very difficult to get investments outside of petroleum (although that is improving as the desire to diversify is growing). But seriously, Norway is doing about as well as can be expected of an oil producing nation. And if you think it's realistic to expect oil production to be cut on the supply side, you're hopelessly naive.