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Comment Re:Of course (Score 5, Insightful) 235

There is nothing to solve. There is no statistically significant difference between the Bermuda Triangle and any other stretch of ocean with comparable amounts of sea and air traffic. Most of the stories of mysterious disappearances in the Bermuda Triangle are either greatly exaggerated or outright fabrications.

Comment Re:Huge? (Score 1) 530

Only about 70% of Norway's Sovereign Wealth Fund is invested abroad, and that is a relatively new development; it used to be 40%. However, the fund is now so large (about four times the total market cap of the Oslo Stock Exchange) that investing solely in domestic securities and real estate would destroy the economy.

Comment Re:NEWSFLASH (Score 2) 530

You haven't heard of any Norwegian brands because Norwegian industry exports very few consumer products, apart from seafood. It exports—among other things—oil, gas, lumber, aluminum, nitrogen, artificial fertilizer, ships, ship handling systems, petroleum prospecting and drilling equipment, subsea equipment (including ROVs), telecom equipment, automotive components, rocket engines and components, satellite components, and believe it or not, ammunition and high-tech weapon systems (including many used by US forces: sea-to-sea and air-to-surface missile systems, integrated sensor systems, remote weapon stations and more).

Comment Re:Huge? (Score 2) 530

Energy is a basic pillar of an economic system. Having it almost for free makes it far easier for any other sector to increase its value added.

Norway does have cheap energy, but from hydroelectricity, not from oil. Premium unleaded currently retails at about $7.5 / gal. The entirety of Norway's oil revenue goes into a sovereign wealth fund, and the portion which can be withdrawn and spent annually (by law, no more than 3% of the total value of the fund) represents about 14% of the fiscal budget. This comes in addition to the dividends from the state's 71% share of Equinor (formerly Statoil).

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