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A couple things: 1. Comparing the US (or any other country) to Norway is not valid because there are so many confounding variables. For one, Norway sinks in o
by whiplash451 5y ago
A couple things:
1. Comparing the US (or any other country) to Norway is not valid because there are so many confounding variables. For one, Norway sinks in oil money and uses that money extensively to fund great social welfare programs.
2. What matters is relative within a country, not between country. The US had the choice between two time zones, and that's the question at stake here (not how the US compares to other countries, or how other countries deal with short day light periods).
- dottedmag 5y agoNorway has explicitly barred any oil income to leak into the economy. All oil income is directed to the special fund that is not tapped (yet). (I'm a citizen of Norway)
- lemmonii 5y agoFalse, it was tapped in 2016. I also think it was tapped in 2020 but am unable to confirm, they atleast plan to withdraw again in 2022. https://www.reuters.com/article/us-norway-swf/norway-says-made-first-withdrawal-from-oil-fund-in-january-idUSKCN0W52JR https://www.reuters.com/article/us-norway-swf/norway-says-ma... https://www.reuters.com/world/europe/norway-raises-2022-spending-wealth-fund-41-billion-2022-01-14/ https://www.reuters.com/world/europe/norway-raises-2022-spen...
- lovskogen 5y agoFalse, 3% of the fund is tapped each year.