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Norway is the quintessential don’t get high on your own supply oil dealer. Subsidize green energy while fueling the world. NIMBY. https://www.reuters.com/artic
by wil421 5y ago
Norway is the quintessential don’t get high on your own supply oil dealer. Subsidize green energy while fueling the world. NIMBY.
https://www.reuters.com/article/us-norway-sweden-electricity-idUSKBN26922B https://www.reuters.com/article/us-norway-sweden-electricity...
98% power comes from renewable energies. Quite impressive.[2] They were in 13th place last year for oil production and about the same as Saudi Arabia if you look at per capita oil production. Per capita they are on par with most middle eastern countries.[3] Only difference is they fund their country via the oil fund not some monarch kleptocracy family.
[2] https://www.regjeringen.no/en/topics/energy/renewable-energy/id2000124/ https://www.regjeringen.no/en/topics/energy/renewable-energy...
[3] https://en.m.wikipedia.org/wiki/List_of_countries_by_oil_production https://en.m.wikipedia.org/wiki/List_of_countries_by_oil_pro...
- doikor 5y ago> Only difference is they fund their country via the oil fund not some monarch kleptocracy family. This is not the case though. The government for the first time ever withdrew funds from the fund in 2016 while the fund has been around since the 70s In general oil is really important for the governments budget but not through the fund but taxation instead (both the companies and the highly paid workforce)