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Mosern1977
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Comments by "Mosern1977" (@Mosern1977) on "Norway shifts left after elections: What does it mean for the world's largest state fund? | DW News" video.
No worries, Germany is buying all the gas Norway is able to export. Norway is earning more money than ever now, thanks to Germany.
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UN fortunately does not run Norway.
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Well, that would be the case if the 'crazy left' won in Norway. But it was the 'responsible left' aka center - which is pretty much the same as the previous conservative government. Expect no change and status quo be upheld.
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The Norwegian sovereign fund does not invest in oil companies. Not because of climate, but because it is already heavily dependent on the oil sector for its own income. So it is just pure economic motives behind it.
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Don't get your hopes up on that one.
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Well, since it is diversified into thousands of companies world wide, the world would go broke first.
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Yeah, if this report was based on reality. But it fortunately it is not. "Climate change" is just in the Media. Normal people have real problems to contend with.
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Oil is not the big thing for Norway anymore. It is all about natural gas exports now. (Thanks to Germany's failed energy policies). Norway now makes more money on oil + gas than it has ever done. And none of the major parties have any plans on stopping this. The 'climate change' was just big in the media, but the amount of voters having 'climate change' as the main driver is very low in Norway. 10 % tops. (Even though the report of course picked out two people). There will be no big changes in Norway in the coming years, 'status quo' is the name of the game. But now with another face at the top.
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Don't worry. The calls for a 'climate vote' is greatly exaggerated in the media (this report included). The main extreme 'green party' couldn't even get to the magic 4% barrier. The new government is just as pro 'oil and gas' as the previous one. And most Norwegians are perfectly happy with this. This new government is a 'status quo' government, and there will be no big changes to anything. Maybe painting the oil riggs green or something, but that would be it. Right now, income from gas exports are at an all time high, so the Sovereign Wealth fund will continue to grow and grow. A decade or two more, and the dividends of the fund can basically pay for all public expenses in Norway for ever.
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The trick in Norway is that there is pretty much no real difference between the "left" and the "right". It could easily have been one party. So there will be no major policy shift and everything will continue as before.
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