3 points
12 points
And when Finland or Denmark were the happiest countries, Norway’s oil wasn’t really that much of a factor.
11 points
*
Finding oil tends to fuck up a nation, making the nation’s other industries unable to compete due to the currency being too strong.
That Norway succeed in remaining a stable state after finding oil is a bit amazing, seeing as oil nations tend to become ruled by oligarchies.
I.e., the guy you’re responding to makes no sense. Having oil usually means that you become an undemocratic hell hole.
2 points
I’m sure this is a stupid simple take, but could a nation like Norway avoid this (at least for a while) by selling oil in other currencies and maintaining their investments in other currencies?
