How Norway has avoided the 'curse of oil'
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Re: How Norway has avoided the 'curse of oil'
#2The story of how Norway's oil industry started is pretty interesting
http://www.ft.com/intl/cms/s/0/99680a04-92a0-11de-b63b-00144...
Re: How Norway has avoided the 'curse of oil'
#3C'mon man. Norway's the #1 importer of Teslas [1]
Otherwise, man I wish Canada would manage our oil money like Norway. But we burned that bridge a long time ago.
[1] look it up
Re: How Norway has avoided the 'curse of oil'
#4C'mon man. Norway's the #1 importer of Teslas [1] Otherwise, man I wish Canada would manage our oil money like Norway. But we burned that bridge a long time ago. [1] look it up
Well, it's not really Canada that has oil, it's more like just Alberta isn't it? Norway is a unitary state while Canada is very federal.
Re: How Norway has avoided the 'curse of oil'
#5Re: How Norway has avoided the 'curse of oil'
#6The story of how Norway's oil industry started is pretty interesting http://www.ft.com/intl/cms/s/0/99680a04-92a0-11de-b63b-00144...
As is the movie Pioneer. Quite horrific experiences. In Norwegian and English, about former fishermen who laid the first North Sea oil pipe.
https://en.wikipedia.org/wiki/Pioneer_%28film%29
60+ reported to have died, and diving at that depth has since been disallowed.
Re: How Norway has avoided the 'curse of oil'
#7The story of how Norway's oil industry started is pretty interesting http://www.ft.com/intl/cms/s/0/99680a04-92a0-11de-b63b-00144...
Non paywalled link: https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&source=web...
Re: How Norway has avoided the 'curse of oil'
#8C'mon man. Norway's the #1 importer of Teslas [1] Otherwise, man I wish Canada would manage our oil money like Norway. But we burned that bridge a long time ago. [1] look it up
The Tesla isn't priced as a luxury car in Norway. Electric vehicles are exempt from taxes and fees, which is mostly where the money goes when you buy a more traditional vehicle. They also don't pay anything when passing toll booths, IIRC. Where I grew up, people now pay ~$10 just to pass toll booths to and from work every day.
There are other benefits as well, like free parking, Tesla's free charging station--and most importantly for many--you get to drive in the lane reserved for buses and taxis instead of dealing with traffic to and from work.
Re: How Norway has avoided the 'curse of oil'
#9Statoil and how Norway essentially protected its future is a lot like how Australia should have dealt with the so-called mining boom.
Named and outlined better, our "mining tax" could have been this. It could have protected against capital flight and essentially built national strength for all at the expense of those (especially foreign interests) looking to dig up serious swathes of our ground.
Instead, we had a predictable response from the mining magnates and Coalition, an easily duped and panicked public, and a flailing government at the time who named the concept terribly and defended it poorly. And when challenged on the whole "it's barely made any money" front, caved instead of noting that it'd been potentially hampered for political reasons.
What's an easier sell to the public? "Mining tax" or "Future Fund; funded by giant, mostly foreign mining companies."
Look at the Coalition's "$20b" medical research fund. So many people think that's a current $20b fund, rather than a far smaller fund to be built up to $20b over a number of years, and then to fund research only from the earnings of the fund and not from the fund's base value. Labor should have framed the MRRT much more like this and it would've made for a better sell. Avoid the word tax, outline the goal with a specific value range and target date, and name the beneficiaries of the earnings - technology research, medical research, etc.
I can't see how this wasn't a big missed opportunity for Australia.
Re: How Norway has avoided the 'curse of oil'
#10C'mon man. Norway's the #1 importer of Teslas [1] Otherwise, man I wish Canada would manage our oil money like Norway. But we burned that bridge a long time ago. [1] look it up
Well, it's not really Canada that has oil, it's more like just Alberta isn't it? Norway is a unitary state while Canada is very federal.
Alberta has almost as much oil as Saudi Arabia, but the rest of Canada has more moderate reserves similar to those in the US.
There's also the Hibernia field with the largest oil platform in the world.