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>This is North Sea oil, right? Hard to generalize from. Wasn't really generalizing, just stating fact. Norway has far fewer proven oil reserves than Iran, Ira
by hnnewguy 12y ago
>This is North Sea oil, right? Hard to generalize from.
Wasn't really generalizing, just stating fact.
Norway has far fewer proven oil reserves than Iran, Iraq, Venezuela, Algeria, Ecuador, Nigeria and on and on...
Oil is not a panacea. The combination of a progressive culture and resource endowment tends to win. But don't assume that the latter is most important.
- chimeracoder 12y ago> The combination of a progressive culture and resource endowment Don't forget having a relatively culturally and ethnically homogenous population (when compared to countries like the US), something that is often forgotten when holding up Scandinavian countries (esp. Norway) as a model.
- selectodude 12y agoAnd the fact that there are fewer people in Norway than there are in New York City.
- Dewie 12y agoI think that's kind of why 'per capita' is used.