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    Ernsthafte Frage: Warum ist Norwegen im Vergleich zum Rest so reich und hat so wenig Öl? (Nicht unbedingt Venezuela oder Iran, da ich weiß, dass die Regime dort schrecklich sind, sondern Kanada?)


    Ernsthafte Frage: Warum ist Norwegen im Vergleich zum Rest so reich und hat so wenig Öl? (Nicht unbedingt Venezuela oder Iran, da ich weiß, dass die Regime dort schrecklich sind, sondern Kanada?)

    https://i.redd.it/fl0cu39howag1.jpeg

    Von Sugar_Vivid

    View 27 Comments

    27 Kommentare

    1. Initial-Chemical748 on

      Because Norway puts most of the profits into our sovereign wealth fund, also compared to many other oil rich nations we have relatively little corruption and political stability 

    2. SlipperyWidget on

      Because the state has control of it and its funds.

      In other countries private companies got the rights to drill and keep the profits

    3. Creative-Sound-7876 on

      It’s the sovereign wealth fund which makes it richer than other countries. They’ve managed and invested the oil money very well.

    4. Kindly-Following4572 on

      Because Norway’s oil wealth is mostly put into a fund, not spent. Norway’s „active“ wealth comes from what is left of wealth distribution policies. Also tiny population.

    5. Zakath_ on

      Low population, we’ve, mostly, avoided Dutch disease, we’re a stable country, and we’ve been planning for the future since the 90s.

    6. Moonshiner_no on

      Because we have sensible and forward looking government that invest the money into a wealth fund

    7. DSandleman on

      The state almost immediately introduced a high tax rate on oil extraction after its discovery. Since the 1990s, gas production has increased significantly, but the profits have been placed into a fund that is regularly replenished and well managed. No single company or individual has ever controlled the majority of the revenue. As a result, on paper, the Norwegian state is extremely wealthy.

    8. AdImaginary8633 on

      Because the Norwegian government started a soverign wealth fund pretty much right after they discovered the oil. This fund is actively managed by „Norges Bank“.

      Here is a live tracker of the oil fund: [Oljefondet | Norges Bank Investment Management](https://www.nbim.no/no)
      Its about 2.1 trillion USD, which in turn „makes“ it so each Norwegian has 380K USD.

      To clarify this is not money each and every citizen gets, its just a „saying“ so to speak.

    9. IncoherrentRecursion on

      Norway never sold it’s oil reserves. Companies are given consessions, which secures a good return for the state – which is then largely invested in the oil fund. At present the yield from the oil fund exceeds the oil & gass income by 2-300%. So yeah, right now we’re just a hedge-fund…

    10. Weak_Guarantee_7 on

      The regimes are awful??? or the regimes refuse to be the puppet of America and because of that they’re sanctioned for decades now.
      You need to read a little before embarrassing yourself in public.

    11. Psychology-Soft on

      And some people think Norway can single handedly save the climate by terminating our oil and gas activities…

    12. aLmAnZio on

      Because we have treated our oil as a collective resource, so private companies have not been allowed to secure all of the profits for themselves. (Extra high taxes), as well as having a publicly owned oil company.

    13. asd456lol on

      Because we tax every operator 72%. And we put it into a wealthfund and very marginally invest it and barly beats the index.

      Tax is the key… the tax makes us so rich from oil

    14. tophendra on

      It’s because of a very tiny population, with only 0.06% of the world population that oil reserve is a lot.

    15. CubicChimp on

      A secondary point, perhaps, but alot of Canada’s oil isn’t as accessible like North sea oil. Its costly and not as profitable to extract petroleum from oil sands of which Canada has plenty.

    16. Engineering_Spirit on

      The role of Farouk Al Kasim should not be underplayed. This Iraqi geologist came at the exact right moment and with first hand knowledge about how the oil companies operate, he was vital in laying the legal foundation for hindering the oil companies in literally screwing Norwegians completely over.
      [Farouk Al Kasim](https://FaroukAlKasimhttps://share.google/HwCf4lXoN5C0s3l2t)

    17. NilsTillander on

      Saudi princes turn 747 into private jets, we tax the extractors to redistribute the wealth. Simple as that.

    19. Jnp2111 on

      The main reason is that Norway was already a rich and developed country before the oil got extraxted. The tax on oil is very high, but the sovereign wealth fund doesnt actually make Norway as a country rich since its never used as spending money in the economy. Only a percentage of tax of oil from every year actually goes into the state budget. I believe the percentage is at 4%.

    20. IllCombination4851 on

      Norway has the belief that the resources should belong to the people of the nation instead of billionaires multi nationals. Well done Norway.

      me: Looking at how Austalia gets stitched up by Chevron, Santos, Exxon and Woodside. It hurts to see such poor mismanagement and corruption. …and the general apathy of Australians.

    21. Far_Strawberry9246 on

      Because it didn’t let private / foreign companies rob its off its wealth, and it saved the wealth instead of spending it on consumption right away (like Iran did, for example).

    22. Ok-Personality-6630 on

      Polygamy.

      The Arab states have many princes who need luxury cars jets etc. it’s expensive when you have many wives pumping out children.

      Jokes aside, cultural attitudes do result in differences on spending, investment etc

    23. Killswitchz on

      One thing is reserves, but Norway has produced approx 100 billion barrels of oil equivalents since the start. A lot of those profits has been transferred and managed in our sovereign wealth fund.

    25. elmarcelito on

      Canada has a lot of oil but it’s extremely expensive to extract. I don’t remember why but something like it’s really deep underground. Therefore extracting it would not be profitable at nowadays market prices.

      Saudi Arabia, on the other hand, has the „cheapest“ oil, meaning it’s easy to extract and therefore they make hefty profits out of it.

    26. ravnsulter on

      When this started we were 3-4 million people in Norway. So we have quite a lot per capita.

      Then the state have direct ownership in (all) licenses, typically 20-30%.

      And there is a special profit tax, you get cash refund for investments, but pay a high tax for profits. So total tax for oil profit is 78%. Very much goes to the state, but it’s still extremely profitable for the oil companies.

      And finally, all income from oil profit goes into a fund. Tax income may not be used by the government, only the dividends from the fund. This prevents varying governments from doing stupid shit just because we are so rich.

    27. TheUpperHead on

      Most answers here are missing the mark. The answer is not mainly policy driven (i.e. sovereign wealth fund albeit that it contributes with significant returns), but that the chart shows 2P reserves and not cumulative historical production per capita. The Norwegian petroleum industry is mature and we have extracted most of the value already and with a small population, that provide significant value per capita.

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