Earlier quoted context omitted.
> the US experiences significantly higher GDP per capita This is to be expected, if Americans are working longer hours than their European counterparts. If you do a little back-of-the-envelope normalization (GDP/capita/average hours worked), the results are much closer. Norway, of course, absolutely dominates by this metric. US: 28.9 France: 24.3 Germany: 26.4 Sweden: 25.4 Norway: 38.0
> Norway, of course, absolutely dominates by this metric. This is North Sea oil, right? Hard to generalize from.
Wasn't really generalizing, just stating fact.
Norway has far fewer proven oil reserves than Iran, Iraq, Venezuela, Algeria, Ecuador, Nigeria and on and on...
Oil is not a panacea. The combination of a progressive culture and resource endowment tends to win. But don't assume that the latter is most important.