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Im from Denmark, none of the money is derived from oil.
by martin_bech 6y ago
Im from Denmark, none of the money is derived from oil.
- rightbyte 6y agoDenmark is selfsufficient in oil production. It helps ... but so is the US.
- ashtonkem 6y agoThanks to fracking, the US is actually a marginal net exporter of oil, depending on the average price of oil (traditional wells can squeeze out frackers with their lower production cost) As you said, oil helps, but it’s not determinative. Norway is interesting in that they’ve used their oil money very wisely, but it seems pretty clear that other policies are necessary in order to ensure that economic prosperity is well distributed.