[gizzlon]

"Norway is the third option. Norway ploughs the money into a sovereign wealth fund"

The older I get the more impressed I become with how this was, and is, handled. Especially when you see how it could have tourned out ..

[justincormack]

And almost did. Until the late 1980s/early 1990s they just squandered the money like the UK did, running large deficits. But they turned things around then.

[sliverstorm]

Can we hire their government to come over here and steer for a little bit?

[cynest]

As soon as we find comparable oil wealth.

[arethuza]

The UK had plenty of income from the North Sea - the difference being we squandered it and the Norwegians treated it as a long term investment:

http://www.telegraph.co.uk/finance/comment/edmundconway/6505...