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by jakub_h
3740 days ago
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All this sounds very comforting, considering that the oil is going to run out (* ). The north being inspirational to us, I hope, will continue into the future. ((* ) And by "run out", I mean "become unprofitable to pump considering the market price", of course.) |
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But it may highlight another point that could be made: Instead of corrupting the country similar to the oil-rich arab states, the norwegians have managed the richness with a typical Scandinavian common-sense (Lutheran?) approach: Define the oil richness as a common good and make sure to invest profits for future generations rather than burn it all on the current generation.
http://www.huffingtonpost.ca/2014/01/11/oil-fund-norway-mill...
But, as I said - that is a luxury only Norway has enjoyed.