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Equinor (formerly Statoil) does fairly well for Norway.
by sadfklsjlkjwt 7y ago
Equinor (formerly Statoil) does fairly well for Norway.
- adventured 7y agoThe reason Norway does well with oil in a socialized manner is because their oil per capita is extreme, and the action of extracting and exporting oil from a well-known oil zone is a predictable industrial activity (prices are the primary wild card that you adapt to). It's among the highest per capita oil production in the world. That is not a scenario that replicates to our incompetent Congress managing airlines for a couple hundred million people, and such that the airline finances are a rounding error for the American people (annual checks for maybe $20 per adult), while we shovel more complexity and bloat on the Congressional plate (when they're not doing their job well as it is; do not give them anything else to manage that isn't absolutely necessary). The better way is to implement payback / return requirements for any bailout. There is a good reason why Norway doesn't lead the world in very many things industrially, a reason why there are not plentiful other examples out of Norway of this model working.