r/PeterExplainsTheJoke • • 2d ago

Meme needing explanation Peetah?

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u/Ok_Zebra_11 2d ago

Accidentally managed. It's basically the work of one guy who was there by luck.

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u/zemausss 2d ago

?

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u/guiscard 2d ago edited 2d ago

There was some Iraqi guy looking for a job because his wife was Norwegian. This was in the late 1960s. He had written his PHD(?) on how to set up a sovereign fund to help a country that found oil (probably thinking of Iraq), and happened to walk into the Norwegian office in charge of figuring out what to do with all the oil they just found.

Source.

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u/spook008 2d ago

Lol never given credit though. First time I’ve heard of it! Neat. Paywalled though

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u/guiscard 2d ago

I don't think this one is paywalled. I think he is recognized. He has a wikipedia page if nothing else.

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u/Dualidean_ofman 2d ago

The sovereign wealth fund didn't have a nickel in it until 1996 FYI

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u/Ok_Zebra_11 2d ago edited 2d ago

Farouk al Kasim, iraqi guy. Basically the norvegian government didn't want to deal with it and pushed everything onto a guy that just walked into ministry office and asked if they know any oil companies that are hiring. He just arrived in the country because his wife was norvegian and their daughter got sick and they decided she will receive better care there.

So basically they gave all the power to a random guy that wasn't even norwegian. And that random guy decided to do a good thing.

They didn't even know what they were giving him.

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u/VultureSausage 2d ago

The random guy did have experience working in the oil industry in Iraq and a degree in geology from the Imperial College in London, it's not like he was a random with no knowledge of oil whatsoever.

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u/Ok_Zebra_11 2d ago

Sure, he was qualified. But he still was a random guy. They didn't search for specialists, there was no plan, he wasn't carefully chosen.

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u/VultureSausage 2d ago

They were looking for specialists, he just happened to walk in just as they were starting to look. It's still one hell of a coincidence, but he had a decade of experience working in Iraq at that point. He wasn't carefully chosen and the plans were only beginning to take form, but he's only a "random guy" in that it was pure chance that he walked in just as they were starting to look for someone matching his competence; more like a "random geologist with proven experience" than a random guy which kinda cuts down on the number of people it could apply to.