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They’ve managed to maintain their wealth in social order largely because they’re neighbors of the British and friendly with them. And they’re part of NATO. Whe
by mogadsheu 5y ago
They’ve managed to maintain their wealth in social order largely because they’re neighbors of the British and friendly with them. And they’re part of NATO.
When Philips struck at Ekofisk some very smart people in the US/UK came to help them develop.
Norway was (by their own account) a country of scattered fishing villages.
- hanche 5y ago> Norway was (by their own account) a country of scattered fishing villages. By whose account, again? I grew up in Norway just before the oil boom started, and I never thought of the country that way. We had lumber, we had cheap hydroelectric power that we used to process aluminium and make fertiliser, and we were practically a global superpower in terms of ocean shipping. True, we weren’t rich in the way we are now, far from it – but weren’t that poor either. A big part of our success as an oil producing nation is that we weren’t simply letting the (mostly) American oil producers just come in and do as they pleased; instead, we insisted on building our own expertise and running the business on our own terms. We hit many snags along the way, but it has paid off in the long run.