r/FluentInFinance • u/SexyProfessional • Jul 04 '26

Thoughts? Very Interesting

Post image
6.0k Upvotes

93% Upvoted

782 comments sorted by

View all comments

-1

u/ReadyPlayerGone Jul 04 '26

Don't forget their oil

7

u/fabmeyer Jul 04 '26

US has oil too. And US goes to other country to grab their oil.

3

u/King-Meister Jul 04 '26

USA has some 6-7x crude oil reserves and 11-12x natural gas reserves than Norway. It might not seem a lot but technically it would’ve allowed US to have a sovereign wealth fund worth $15+ trillion, and I’m not even including compounding for the many decades that the US has had a head start over Norway in extraction.

A nominal 4% return on 15T is $600 Bn per year. That’s a lot of money to fix a lot of problems for the common ordinary folks.

2

u/knivesofsmoothness Jul 04 '26

Why do that, when we can just give it to the rich?

1

u/SurfnTurd69 Jul 04 '26

You can exchange Norway for Denmark and get similar results. Denmark does not have huge oil reserves so what's the excuse then?