Hacker News new | ask | show | jobs
by justincormack 5325 days ago
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.
1 comments

Can we hire their government to come over here and steer for a little bit?
As soon as we find comparable oil wealth.
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...