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Norweigan oil fund

nbim.no

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Re: Norweigan oil fund

#31

Post by nashashmi »

panpanna wrote: post #14

> On average, the fund holds 1.4 percent of all of the world’s listed companies. Why fund businesses in other countires? Shouldn't Norway try to set up some more industries at home? Everyone claim Europe (was: EU) needs more VC funding to stop the brain drain. Well, here is a huge pool of money just waiting to be spent

It's how countries conquer other countries in the new world. Before it was take over by region. Now it is franchise the region into a bunch of smaller obtainable parts. Norway is conquering the way it knows best.

Re: Norweigan oil fund

#32

Post by punnerud »

panpanna wrote: post #14

> On average, the fund holds 1.4 percent of all of the world’s listed companies. Why fund businesses in other countires? Shouldn't Norway try to set up some more industries at home? Everyone claim Europe (was: EU) needs more VC funding to stop the brain drain. Well, here is a huge pool of money just waiting to be spent

There is a legislation on vote these days to open up for investment in companies that is not listed on the stock market. A lot of greentech companies is not listed yet, this is the main driver for the change. They still have to publicly give out information about their investments.

Re: Norweigan oil fund

#34

Post by lr4444lr »

The Norwegian success is the single biggest piece of evidence as to why the Venezuelan catastrophe was largely avoidable, and the fault of irresponsible leadership.

Re: Norweigan oil fund

#36

Post by wang_li »

philip1209 wrote: post #5
cheeky78 wrote: post #2

Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...

The fund started with oil money, but now focuses new investments on renewable energy sources: https://www.wsj.com/articles/norways-sovereign-wealth-fund-b...

Did they divest the fund of all monies that ultimately originated with oil or did they just switch some of their foreign investments? Because if they went ahead and kept all that money, this is the classic "I've got mine" theory of economics.

Re: Norweigan oil fund

#37

Post by drawnwren »

anthonybsd wrote: post #24
Keyframe wrote: post #15

What's the percentage of all US stocks fund owns?

https://www.nbim.no/contentassets/d3a372eb9d234e57a07caaf0f3... Updated: 1.3% Edit: Oops, I misunderstood a question. Actually further in PDF they specify that US specifically is 39%, which is roughly 400 billion. If we go by this number of total capitalization of the US stocks being 30 trillion, then Norwegian oil fund owns 0.4/30 which is 1.3%

That's the percentage of the fund that is invested in US stocks. It is not the percentage of stocks that the fund holds.

Re: Norweigan oil fund

#38

Post by chiefalchemist »

BluffFace wrote: post #3
cheeky78 wrote: post #2

Isn't this contributing to climate change? The economy everyone uses as an example to replace the current system in the US...

Perhaps this is why they can afford many government programs that the US simply cannot. Without a prolific income stream comparable to Norwegian oil, the only way to provide more social services is to tax individuals and businesses harder. Tax any group too heavily and you create brain drain, which hurts in the long run.

> "Without a prolific income stream comparable to Norwegian oil..."

The USA certainly has such streams. The difference is priorities, not revenue.

Re: Norweigan oil fund

#39

Post by asark »

ISL wrote: post #22
ceejayoz wrote: post #16

Earlier quoted context omitted.

The US produces 10x the oil Norway does, and was producing significant amounts of oil as far back as the 1860s. We've had that profit stream, we just let it get captured by private corporations (or in Alaska's case, given away to garner votes).

Population of Norway, 2017: 5.258 million Population of United States, 2018: 327.2 million

Shoulda been taxing any extraction of non-renewable resources into a fund like this. The whole country—literally, the physical country—gets poorer when that stuff's taken out. Shame we didn't capture some of that value for public, shared, long-term benefit.

[EDIT] all non-renewables, that is, not just oil. Should easily make up the difference between population and extracted natural resource value vs. Norway.

Re: Norweigan oil fund

#40

Post by ldite »

anthonybsd wrote: post #24
Keyframe wrote: post #15

What's the percentage of all US stocks fund owns?

https://www.nbim.no/contentassets/d3a372eb9d234e57a07caaf0f3... Updated: 1.3% Edit: Oops, I misunderstood a question. Actually further in PDF they specify that US specifically is 39%, which is roughly 400 billion. If we go by this number of total capitalization of the US stocks being 30 trillion, then Norwegian oil fund owns 0.4/30 which is 1.3%

The quote is:

> North American stocks returned 14.6 percent and amounted to 41.4 percent of the equity portfolio.

That's to say 41% of their equities are North American stocks, not that they own 41% of all North American stocks!

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