7 ms·
In terms of military strategy, your argument might make sense, but it's unsound from a purely economic perspective. Norway's solution is far better: Drill the o
by sapiogram 3y ago
In terms of military strategy, your argument might make sense, but it's unsound from a purely economic perspective. Norway's solution is far better: Drill the oil now, export it, and invest the money abroad. From the perspective of the domestic economy, the result is mostly the same, but now the money multiplies abroad, and is far more easily available when it's needed.