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Which goes against the wisdom of that Norwegian story about the oil resource management from a few days https://news.ycombinator.com/item?id=9673157 https://new
by johnchristopher 11y ago
Which goes against the wisdom of that Norwegian story about the oil resource management from a few days https://news.ycombinator.com/item?id=9673157 https://news.ycombinator.com/item?id=9673157.
> The politicians and senior bureaucrats had not caught oil fever. A serious mining accident had recently brought down a government, and most did not want to touch oil matters with a bargepole. “Everything I said was met with, ‘Oh, you think so? Mmm. Maybe. Let’s wait and see’,” al-Kasim recalls. “This characteristic saved Norway from the curse of oil: the fact that they are completely incapable of getting carried away by the oil dream. They were very sceptical – plain horse sense basically. They didn’t want to move until it was absolutely proven that it was the right time to act.”