How Norway has avoided the 'curse of oil'

[lancasterlad]

For while other countries have struck oil and then binged on the revenues, by contrast Norway is continuing to invest its oil and gas money in a giant sovereign wealth fund.

The fund, worth about $800bn (£483bn), owns 1% of the entire world's stocks, and is big enough to make every citizen a millionaire in the country's currency, the kroner. In effect, it is a giant savings account.

http://www.bbc.co.uk/news/business-28882312

[RenewableCandy]

Feck but I'm sooo jealous.

[biffvernon]

Of course part of the thing is that Norway has a smaller population, just over five million, so the oil money didn't have to be spread so thinly.

Scotland's population is also a little over five million so they seem to have missed a trick a couple of decades ago.