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Norway has been doing a relatively good job of investing their oil revenue into technologies and infrastructure that will carry their economy through the end of
by shkkmo 5y ago
Norway has been doing a relatively good job of investing their oil revenue into technologies and infrastructure that will carry their economy through the end of oil and hopefully help reduce global warming.
Given their relatively contribution to the total global production and OPEC's supply management to control prices, it is unclear if a halt in Norwegian oil sales would raise prices significantly enough to matter. There is an argument to be made that is is better for Norway to capture those profit and invest them into the research we need to reduce oil dependence and sequester CO2.
I don't think that the electric car adoption is purely driven by environmentalism. Norway has extremely cheap energy that makes electric cars much more economically attractive.
- dagw 5y agoI don't think that the electric car adoption is purely driven by environmentalism. On an individual level basically no one in Norway buys an electric car due to environmentalism. It's 100% an economic decision. Buying a new gasoline powered car today in Norway simply doesn't make financial sense no matter how you look at it.
- tuatoru 5y agos/oil/heroin/g