Nope, growing prices on oil are leading to growing prices on petrol. So, the state’s oil fund is the only profit maker down there 🤷🏻♂️
Notoriously_So on
Minus the money.
buzzsawdps on
Me when bullish on Iran and Israeli destruction buying Norge index fund
RegularEmpty4267 on
That’s not entirely correct. Because it’s more important how the world economy is doing, as the fund has become so large that the return on the fund is greater than the petroleum transfers from the state. Also since the fund is so large, the NOK exchange rate, especially against the dollar, is of major importance for the total value of the fund.
Gingerbro73 on
The oil fund is not for us Norwegians its for Future Generations™
Boundish91 on
Well yeah, but we can’t just spend more regardless, because inflation.
SundaeSaurus on
Benefitting from war, Russia-style.
Ethics aside, Norway is not benefitting from this as much as you think that it is
luxer2 on
Good to know that Norwegians Are so rich. Good for them. But being rich doesn’t mean being happy.
CleverDad on
Norway is now more of an investor than a petroleum provider. We make more petrodollars, but our investment, and the return on that investment, risks suffering more when the world economy shrinks.
Also, I insist that Norwegians don’t smile, like Scrooge here, over war. It’s not in our culture.
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Not corect
Maybe the oil fund but not norwegians
Our government is like that.
Not for the citizens who are paying more now.
Money more important than people!
yeah, that’s not how this works.
Nope, growing prices on oil are leading to growing prices on petrol. So, the state’s oil fund is the only profit maker down there 🤷🏻♂️
Minus the money.
Me when bullish on Iran and Israeli destruction buying Norge index fund
That’s not entirely correct. Because it’s more important how the world economy is doing, as the fund has become so large that the return on the fund is greater than the petroleum transfers from the state. Also since the fund is so large, the NOK exchange rate, especially against the dollar, is of major importance for the total value of the fund.
The oil fund is not for us Norwegians its for Future Generations™
Well yeah, but we can’t just spend more regardless, because inflation.
Benefitting from war, Russia-style.
Ethics aside, Norway is not benefitting from this as much as you think that it is
Good to know that Norwegians Are so rich. Good for them. But being rich doesn’t mean being happy.
Norway is now more of an investor than a petroleum provider. We make more petrodollars, but our investment, and the return on that investment, risks suffering more when the world economy shrinks.
Also, I insist that Norwegians don’t smile, like Scrooge here, over war. It’s not in our culture.