Who thought Norway was "hitting it"?

[macdon02]

https://www.bloomberg.com/amp/news/articles/2020-03-30/world-s-biggest-wealth-fund-dragged-closer-to-forced-asset-sales?__twitter_impression=true

[farming101]

Going down faster than my bank acct...

https://www.nbim.no/en/ https://www.nbim.no/en/

[furrowtickler]

Chuck ??? WTF ... your stand alone bastion of society????

[Austrian Economics]

Norway is your garden variety welfare state, whose lavish benefits are financed by North Sea oil revenues. Now that stream of income is dwindling, and there's nothing to replace it. Not much different than Saudi Arabia. But unlike the Saudis, Norwegian oil is more expensive to produce so they can't choose to simply switch the pumps to maximum output.

[SASKFARMER]

when you have one source and want all the goodies and that source drops to nothing guess what you cant pay for all the goodies.

Trudeau cut off the golden goose and brought in Saudi shit to fill the void. Once the Canadian goose dies to guess what skippy can't pay for shit either.

You have to be really stupid to not figure it out.

[tweety]

Norway is your garden variety welfare state, whose lavish benefits are financed by North Sea oil revenues. Now that stream of income is dwindling, and there's nothing to replace it. Not much different than Saudi Arabia. But unlike the Saudis, Norwegian oil is more expensive to produce so they can't choose to simply switch the pumps to maximum output.

And Alberta has even more costly to produce oil. Fun while it lasted.

Just looked at your link farmer and its screaming up now

[farming101]

And Alberta has even more costly to produce oil. Fun while it lasted.

Just looked at your link farmer and its screaming up now

LOL. Ya I'm not sure if it is the real deal or some kind of hypnotic device to quell the masses!

If you drill down you will see that likely the true value of the fund will come out in the quarterlies

[Integrity_Farmer]

Norway is your garden variety welfare state, whose lavish benefits are financed by North Sea oil revenues. Now that stream of income is dwindling, and there's nothing to replace it. Not much different than Saudi Arabia. But unlike the Saudis, Norwegian oil is more expensive to produce so they can't choose to simply switch the pumps to maximum output.

Norway has a 1.3 trillion dollar heritage fund. Damn that is socialism. In Alberta Kenney wants socialism for the oil industry or another bail out.

Norway wealth fund earned a record $180 billion in 2019

Last year’s return on investment amounted to almost $34,000 for each of the 5.3 million people living in Norway, and the overall value of the fund is now equivalent to about $207,000 for every man, woman and child.
The fund holds stakes in more than 9,000 companies globally, owning 1.5% of all listed stocks. It also invests in bonds and real estate.

https://www.cnbc.com/2020/02/27/norway-wealth-fund-earned-a-record-180-billion-in-2019.html

[fjlip]

"The fund holds stakes in more than 9,000 companies globally, owning 1.5% of all listed stocks. It also invests in bonds and real estate."

All those in the crapper now...

[foragefarmer]

The so call capitalist of Agriville always have a hard time excepting some else succeeding at something they vastly screwed up.