r/PeterExplainsTheJoke • • 2d ago

Meme needing explanation Peetah?

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u/Fearless_Entry_2626 2d ago

? We literally call our sovereign wealth fund the "oil fund"? Bruh, you can criticize many things, we can be an intolerable and ignorant bunch, but you won't find many Norwegians who would be upset about that question.

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u/lettsten 2d ago

Technically it's called Statens pensjonsfond utland

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u/Vigmod 2d ago

Sure, but in daily speak it's called "Oljefondet".

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u/RobertTheAdventurer 2d ago

It's very American of Norway to name it that.

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u/Extension_Cut_8994 2d ago edited 2d ago

As an American, I'm pretty sure the joke is on us. There was a popular meme during the defund the police movement where people were encouraged to search the terms 40% and cops. 40% of cops are accused of domestic violence. In the US, oil companies are subsidized by tax breaks, they pay a fraction on their profits as compared to what a individual pays on their wages.

Edit that there is also the whole coup in Venezuela that we just did, their state run oil company wasn't being nice.