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by xxs 2822 days ago
Isn't it ironic that most of welfare and subsidies actually come from the oil. Stuff like 25km of under sea tunnel leading to a town with sub 2k population is quite a common sight there.

While Norway is an amazing country in many aspects, the amount of oil owned by a state company puts it in a rather unique position.

4 comments

> Stuff like 25km of under sea tunnel leading to a town with sub 2k population is quite a common sight there.

It's not really common. They only have one tunnel that's 24.5km ( https://en.wikipedia.org/wiki/List_of_tunnels_in_Norway ) and it's not under the sea. The remaining are 10km or shorter.

The longest undersea tunnel is 8.9km and it goes to a city with a population of 8,215. It goes to an entire island though, so a few more people than that benefit.

Your overall point is completely right, but might as well get the facts straight, so people can compare and don't recite wrong information.

Norway doesn't actually show up much on the list of longest tunnels: https://en.wikipedia.org/wiki/List_of_longest_tunnels

Aren't they building the Coastal Highway at a cost of $47B that will include a few tunnels and a few more bridges?
Is it ironic?

Creating a national investment fund from the oil bonus seems a far better choice than continuing as usual, or using it to pay for tax cuts (1980's UK).

When the oil runs out, or is considered too damaging to use any more, the infrastructure will still be there, and so will the fund.

This is a great article explaining how an Iraqi was largely the mind behind putting all the oil money in a state-owned fund as to avoid the damage that oil usually had done to any country that had discovered it.

https://www.ft.com/content/99680a04-92a0-11de-b63b-00144feab...

Putting all oil money into state owned fund also kinda helps the people ruling the state :)
Fair point, but I have a lot of respect for how Norway manages it's oil money..

State wealthfare fund and research in various techniques to minimize pollution from oil production.