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by reducesuffering
901 days ago
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Their oil per citizen is not equivalent. Norway is producing 0.38 barrels of oil per day per citizen, while US is 0.034. That's over an order of magnitude difference. Could the US do better? Yes. Is Norway well run and has an abnormally high amount of oil per citizen? Yes of course. Yet your claim is still mostly false if US was run just as well. |
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That is like comparing a toddler to Usain Bolt in a race and saying the toddler could have done better.
The US isn’t even trying to manage any money from its resources in a way that benefits its citizens in the long term. Americans should be furious about how poorly managed the wealth from these natural resources is being managed, but instead seem to think that America is too different from Norway to even consider doing a similar sovereign wealth fund. The same bad arguments get made about healthcare all the time.