Oil wealth causes angst for Norway

Jul 23rd, 2006, 11:32 PM
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Oil wealth causes angst for Norway


There is an article about Norway and the oil wealth we have in TimesOnline: http://business.timesonline.co.uk/ar...281123,00.html . I'm not sure I like that Norway is being referred to as "The Saudi Arabia of the north" but it does provide some info about Norway and the economy here. I think that more Norwegians should travel so that we could see that we are so lucky to live in this country. Instead many of us just complain about the fact that alcohol and gas is expensive

http://gardkarlsen.com - trip reports and pictures
gard is offline  
Jul 24th, 2006, 12:14 AM
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Quite an intereting article gard, thank you. I have to confess I am ignorant about Norway, my excuse, I don't have one. But even though I read a lot of news I never really read much about Norway so your post is quite interesting and informative. Your Norway sounds as though it is in a good economic condition. Thank you again for sharing this website. Best regards.
LoveItaly is offline  
Jul 24th, 2006, 12:35 AM
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When I was in Norway in 2003, I met a young Norwegian at the laundromat who talked some about the state of the schools and I think he also mentioned the elderly. I recall that he was ticked off at Norway's foreign aid contributions, considering these problems. But from my brief visit there, I have to agree that Norwegians are very lucky in world terms.
WillTravel is offline  
Jul 24th, 2006, 12:57 AM
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Wealth, unfortunately for some, also brings responsibilities and that seems to be when things start to get very interesting.
Dukey is offline  
Jul 24th, 2006, 04:11 AM
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We went to Norway for the first time in June, and loved your country. We wished that we had had more time to spend there. Your country is blessed with natural resources. In the US, people complain about the prices of alcohol and gas too (and we pay less than you do).
padams421 is offline  
Jul 24th, 2006, 05:44 AM
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On behalf of all gas-guzzling Americans, I would like to express our sympathy to Norway for its angst of having so much of our oil money. If all Americans resolve to conserve energy, perhaps this will bring some consolation.
Jed is offline  
Jul 24th, 2006, 06:21 AM
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Well, I'm not sure how much of the Norwegian oil that is being exported to the US but it is a fact that USA is a huge consumer of oil (and of energy in general). But there seems to be some focus on maybe getting cars with a bit smaller engines now...and you guys are still only paying falf of what we pay for the gas :-<
These unstable times leads to a high oil price which is good for Norway...but not in the long run. There are many countries in the world that have been blessed with natural resources...I think the difference is that Norway has been lucky/clever in the way these resources have been delt with. And Norway has gone from being one of the poorest countries in Europe to one of the wealthiest in the world. I hope that most Norwegians appriciate that.

http://gardkarlsen.com - trip reports and pictures
gard is offline  
Jul 25th, 2006, 02:00 AM
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Norway has a lot of very real problems, a lot of very real problems that journalists tend to not report about.

Norwegians are in their *full right* to complain about these problems, and I'm not talking about the price of petrol or alcohol. Among the real problems - substandard care for the elderly, lack of daycare for small children, heroin overdoses... the list goes on and on...
PrincessOfPenguins is offline  
Jul 25th, 2006, 02:34 AM
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Here is the list:

Canada remained the largest exporter of total petroleum products in May, exporting 2.319 million barrels per day to the United States. The second largest exporter of total petroleum products was Mexico (1.710 million barrels per day) which had a slight decrease from last month of 0.040 million barrels per day.
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country May-06 Apr-06 YTD 2006 May-05 Jan - May 2005
CANADA 1,877 1,710 1,757 1,722 1,586
MEXICO 1,576 1,601 1,668 1,748 1,559
SAUDI ARABIA 1,457 1,582 1,422 1,430 1,512
VENEZUELA 1,169 1,171 1,186 1,273 1,336
NIGERIA 1,075 1,022 1,134 1,111 1,046
IRAQ 666 531 533 588 536
ANGOLA 356 389 427 341 436
ALGERIA 350 256 259 152 175
RUSSIA 255 0 67 185 280
ECUADOR 239 312 279 238 289
KUWAIT 220 225 156 213 186
COLOMBIA 185 149 160 116 126
UNITED KINGDOM 174 169 122 194 219
NORWAY 98 74 86 117 128
BRAZIL 96 111 110 115 54

AAFrequentFlyer is offline  
Aug 1st, 2006, 09:44 PM
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What can we say about Norway, earning $1 billion a week from oil, spread over only 4.5 million people?

As Gard points out, Norway was once a very poor country. One great plus is that old people, who grew to adulthood scraping by, have no worries in their last days.

I guess most human beings need to find something to gripe about. In Norway it is the gas, alcohol or car prices. Tax on food is about 20%! But they sure have it good.

This is a travel board, so I will try to refrain from comments on the joys of a candle burned well into the night, in the quest to accomplish something.

It is a beautiful country, with lovely people.
nhulberg is offline  
Aug 4th, 2006, 12:44 AM
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Comment for nhulberg: VAT on food is 12 or 13%, on non-food products 25%. And the VAT is added on every link in the chain from producer to buyer. But it is included in the price stated, not as an extra. On flight travel with airport and security taxes the percentage is 8.
But postings like these should be among the 'general interest'?
rjsol is offline  
Mar 2nd, 2007, 04:27 AM
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i loved your country that much I'm marrying a Norwegian !!!!!!
Blairhoyle is offline  
Mar 2nd, 2007, 04:47 AM
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Thanks for the link, gard.

Do you think that it is an accurate portrayal?

ira is offline  
Mar 3rd, 2007, 02:13 AM
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I think that the article is pretty accurate. Norway is in no way a perfect country to live in...but we are better of than many, many other countries. And still we like to complain about lots of stuff. Norwegians should travel more to see what it is like in the rest of the world.

http://gardkarlsen.com - trip reports and pictures
gard is offline  
Mar 3rd, 2007, 05:41 AM
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Hi Gard -

Thanks for your post. I enjoyed reading it -- and seeing your photos. The only thing that confused me was the mention of cheap real estate prices. It seemed to me that housing was very expensive in Oslo.

It's hard to understand why taxes and prices are so high with all of that revenue "gushing" in. To me, the cost of eating in Norwegian restaurants was higher than almost anywhere I've ever traveled to.

But I did fall in love with Norway. And what a beautiful area you live in! I got a sense of it from the Nutshell tour. I bet it would have been even prettier if it hadn't been pouring rain ;-)
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