yeah this is the big one, there was already a track record of natural resource windfalls messing stuff up well before the Norwegians started getting that $$$ t

yeah this is the big one, there was already a track record of natural resource windfalls messing stuff up well before the Norwegians started getting that $$$ this also means there weren't entrenched oil barons (or rail barons, or shipping barons, etc.) that already had massive regulatory capture and could sway the government and economy their way. greenfields, limited rent seeking, and knowledge of the risks -- sure enough it all went right