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What are the Norwegian govt plans for the long-time future when their oil is over? second largest sovereign fund in the world: http://en.wikipedia.org/wiki/Sov
by borism 15y ago
What are the Norwegian govt plans for the long-time future when their oil is over?
second largest sovereign fund in the world: http://en.wikipedia.org/wiki/Sovereign_wealth_fund#Largest_sovereign_wealth_funds http://en.wikipedia.org/wiki/Sovereign_wealth_fund#Largest_s...
plus all the investments into its' own people like mentioned in the article.
(it's long for that, i know).
not at all, Norway's oil is pretty much gone http://www.bloomberg.com/news/2011-03-03/norway-drillers-hit-worst-dry-spell-in-decades-as-reserves-wane.html http://www.bloomberg.com/news/2011-03-03/norway-drillers-hit...
What about other oil-prosperous small countries such as the Emirates or Kuwait? Are the cases comparables?
Totally different. You know, in UAE they build skyscrapers just because they can. In Manhattan they built skyscrapers because there was no more land available to build on...
http://en.wikipedia.org/wiki/Resource_curse http://en.wikipedia.org/wiki/Resource_curse
Norway is probably only country in the world that was able to dodge Dutch disease.
- henrikgs 15y agoActually Statoil (biggest Norwegian oil company, partly Government own, mentioned in the Bloomberg article above) just found a major oil reserve in the North Sea this autumn. The forecast is 0.9 to 1.5 billion barrels, and is the largest found in the North Sea ever