You cannot compare tiny Norway to the whole of the US. You have to compare to individual states in the US. Many American states have more oil than Norway and ha

You cannot compare tiny Norway to the whole of the US. You have to compare to individual states in the US. Many American states have more oil than Norway and has produced oil for much longer and at much lower cost. Drilling a 4km deep oil well out in the north sea in rough weather is very different from drilling 20 meters on land in Texas. If you look at various American oil states. They have managed their oil wealth far more poorly than Norway. No sovereign wealth fund. Public system often underfunded and in poor condition. Look at Oklahoma e.g.