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Luredreier
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Comments by "Luredreier" (@Luredreier) on "Why Eastern Europe is Becoming More Powerful (and Germany Less)" video.
7:34 Norway probably shouldn't have been marked as red there. While southern and eastern Norway has been affected, northern and western Norway have more than enough energy. And we're exporting all of our gas, at high prices.
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@cmdr1911 Not quite. Norway has a smaller economy and our currency isn't a reserve currency. We're struggling with the same inflation that the rest of Europe as most of the countries we're usually importing from is struggling, leading to reduced production and Increased prices. We also have better leaders. So there's similarities but the situation isn't the same.
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@cmdr1911 While some parts of the country relies heavily on the oil industry, other parts are hardly involved with it at all. And the oil revenues made by the government is saved up in the pension fund, not used here and now. The government is only allowed to use 3% of the pension fund pr year in their budgets, or essentially the dividends as the fund on average makes about 3-4% profit I think.
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@germangarcia6118 The Norwegian government is? Maybe. Norway is fairly well run.
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