Oct 032016
 

norway-oil-fund

The Unionist media love to go on about how iScotland would be bankrupt because of the recent dip in oil prices – the “curse of oil”. Norway has roughly the same oil and gas resources as Scotland but, instead of giving it away to their neighbour, they invested it in a community oil fund for the people of Norway. You can see how it has grown in the chart above. A Norwegian kroner is worth about 12 pence so the oil fund is currently worth about £850,000,000,000 (850 billion pounds).

 Posted by at 10:04 am

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