21–30 of 76 posts
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Is that deployed infrastructure today to handle needs and scaling for the future? I know Germany was cutting back on nuclear.
I think we're getting a bit off-topic here, but in a nutshell: The current government of Sweden wants to build new nuclear power plants to scale up the power supply for the future.
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Using it internally would not be a good idea, though. That amount of money fueled directly into the economy would make our inflation even worse than it is.
I think this really highlights the attitude - don't invest money because it might harm the money. Money is for putting in foreign assets, so that rather than a large amount of money now, you can have a small trickle of money later.
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I think this really highlights the attitude - don't invest money because it might harm the money. Money is for putting in foreign assets, so that rather than a large amount of money now, you can have a small trickle of money later.
Rather so that you can have the "small trickle" perpetually.
Stupid use of funds for the most part, it's not re-invested in the country, just the American stock market. It's not like they had to buy solid gold rolls royces, but there's no reinvestment internally other than oil and fish. Norway is a hedge fund with the F-35.
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In Norway and Sweden (shared grid): Primarily electric hydro + nuclear power. Wind power adds to the mix when it's windy - and it often is. (Here's the complete picture regarding the grid: https://en.wikipedia.org/wiki/Synchronous_grid_of_Continenta... ) There are power cables between RG Nordic and RG Continental Europe/RG Baltic/RG GB but to my knowledge they are all via high voltage DC - so not AC phase synced.
well today I learned something interesting: Norway and Sweden aren't on the big grid that covers most of Europe.
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What do you plan to use instead of fossil fuels today?
In Norway and Sweden (shared grid): Primarily electric hydro + nuclear power. Wind power adds to the mix when it's windy - and it often is. (Here's the complete picture regarding the grid: https://en.wikipedia.org/wiki/Synchronous_grid_of_Continenta... ) There are power cables between RG Nordic and RG Continental Europe/RG Baltic/RG GB but to my knowledge they are all via high voltage DC - so not AC phase synced.
Disclosure: I'm a Swede who previously worked in various primarily Norwegian-owned software companies for two decades. I'm mostly happy about how it went. I also got some insights about Norway along the way via the 100+ trips to Oslo during that last decade when I had an engineering management role. That travel schedule was exhausting. My pet peeve about Norway and oil: How very few people ever call them out on being…
I'm Norwegian, and I agree. We have deluded ourselves to believe our oil is "clean" and "green". And while stopping the pumps would probably wreak havoc on our economy, we could at least stop looking for new fields while emptying the ones we have for some more years. So slowly wean off the oil tit. But every time that's suggested, the government says "develop, not stop". And use straw men like "we can't stop abruptly…
And then there's Norway. The sole exception.
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I wish my country would make "stupid" investments to the tune of $250,000 per citizen set aside for a rainy day (or decade).
It's better than the poke in the eye, that's for sure, I just don't think it's optimal and I'm tired of the way this story gets trotted out every now and then. I think there's a middle ground between solid gold rocket cars and rainy-day austerity. Norway is quite under developed in many ways, many services you'd think would be better just aren't, once the oil gets switched off they don't have much modern industry as…
It really is amazing that there is a list as long as your arm of economies dominated by natural resource extraction for whom it has been a curse. And then there's Norway. The sole exception.