December 26, 2013

How Norway Squandered Its Oil Wealth

Jerome Vitenberg, Washington Times

The Associated Press

Some 50 years ago, Njord, the mythological Norsk god of wealth, smiled on the hardworking fishermen and lumberjacks, and presented Norway with the gift of oil. In financial terms, this was a handsome gift indeed, currently translated into a natural bounty worth $740 billion.

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TAGGED: Oil, Norway


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