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“We live in a generation where we are transferring value from energy into a fund that will fund pensions in the future. When oil prices go up and down, nothing goes into my budget—it goes into this fund,” says Jonas Gahr Støre, prime minister of Norway. “From that fund,... show more
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Watch @FareedZakaria's discussion with Prime Minister Jonas Gahr Støre of Norway and President Alexander Stubb of Finland in this CFR conversation:

The UK taxed its North Sea windfall through the Energy Profits Levy. Norway put $2.25tn into a fund and capped spending at 3% of returns. Same resource, very different institutional instincts.

Literally from the fields that the UK has sovereign access to, but the idiots at the top refuse to drill.

Lol 2050 (the future) prime minister of Norway will then also say its for future generation.. people need help now.

Interesting

@cunayee @FareedZakaria is smart enough to know political correctness requires the term Israel-Palestine 🇵🇸 as Gaza is just one part of occupied Palestine 🇵🇸
