How about those Norwegians? They are living the good life thanks to their oil production. Yes, Norway: a oil exporter, better than most. Their oil is offshore in the North Sea. It doesn't go through the Strait of Hormuz, that sad bit of geography now contested by a few maniacs in Iran which has harbored more than a few maniacs sinselling fossil fuels ton support this national fund is a moral and social dila the revolution turned the kingdom into a theocracy run by religious fanatics and their lackies and supporters.
So, the Norwegians invest in Norway and the citizenry: government provided health care; government provided education; government provided retirement, and best of all: Norway has a sovereign fund of over 2 trillin dollars. One must love this situation. Oh, some locals think that sellin fossil fuels is a dilemma: is it a good to pollute the environment? Hmmm. The debate goes on.
But, until suitable alternatives to fossil fuels become more common place and more affordable, the world will continue to depend on fossil fuels for basic energy needs.
The sovereign fund has about $356,000 for each member of the country-nice.
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