Comments by "Halfdan Ingolfsson" (@Halli50) on "RealLifeLore" channel.

The smartest thing Norway did when striking oil was to not go on a spending binge, but to carefully ensure that a) Foreign oil companies could not exploit them and, b) Save the proceeds in a national fund for the inevitable "rainy day", not allowing the sudden wealth to ruin the local economy like the Dutch did. Best of all, the Norwegian nation is just fine with this! Gas/petrol is EXPENSIVE in Norway and people are concentrating on electric vehicles, which makes perfect sense with their abundant renewable hydro-electrical energy supply. We Icelanders are proud of the foresight of our sensible big brother, Norway.
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@lukemurray3854 Usually "expensive" countries have a workforce that is paid accordingly. One benefit is that virtually everywhere else is relatively INEXPENSIVE, even Sweden.
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@lukemurray3854 - I assume you are referring to my comment on "expensive" countries paying their workforce relative to the cost of living. Why, then, are Norwegians flocking to Sweden to buy inexpensive stuff (3:1 price ratio according to you), if not because Norwegians earn more than Swedes for the same job? Besides, rumour has it that Swedes flock to Norway to work because they earn more there. The 3:1 price ratio seems more than a bit overblown, 1.5:1 or 2:1more likely (not that I have any idea what the actual ratio is).
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The ruling elite of Victorian Britain were a cruel lot. It is, in fact, a wonder the entire situation did not explode in their face like it did in France half a century earlier. It is no wonder that most of the Irish still hate the British with a vengeance.
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