American Reacts to Why Oil DOES NOT Corrupt Norway

Many Americans do not understand what an important role oil plays in the Norwegian economy, or how good of a job Norway has done managing the wealth created from oil sales. I am very interested to react and learn about how oil has not corrupted Norway as well as how Norway has successfully reinvested their wealth back into their nation. If you enjoyed the video feel free to leave a comment, like, or subscribe for more!

[TullaRask]

The resistance to wind farms has more to do with our attitude to preserving nature and less to do with power. Also we use water for power in Norway, not oil or gas.

[Luredreier]

14:49
You're missing the main point there.
The limit isn't just there to save the oil for later, but more importantly, to save the *rest* of the economy, so we have something to fall back on after the oil is gone.

[zaphrax]

Oil is going to be very important for all of the world for decades still, that's just the reality. There are of course some people here in Norway that would rather just stop everything today, but it would not only be devastating for our economy, it would make oil prices everywhere in the world also skyrocket and ruin economies everywhere. Transitioning to a green renewable future takes time, and it has to be done right. I just wish that countries like Qatar, UAE and Saudi Arabia would also work more towards a green future, rather than build insane construction projects in the desert.

[Luredreier]

21:32
No, we're not talking about internal use of oil.
Our domestic consumption is tiny, especially compared to our exports.

[grahambaldwin]

Norwegians are not a greedy people and have a strong and ancient culture and sense of identity. They are not interested in flaunting their wealth. In Bergen a few years ago I asked why all the houses looked much the same. I was told that living in a big fancy house was regarded as bad taste. They also are the biggest shipowners in the World.

[WolfFireheart]

I am so proud and grateful for the generation that made the rules around oil.
They are the reason we can live as well as we do now. They handled it so well! We owe them so much.

[TheAccidentalViking]

If you want to see a drama series set in the time when Norway hit oil, NRK produced a beautiful show called Lykkeland. No idea how you would stream it, but the first series is exactly this.

[oceanmythjormundgandr]

The video was right about how oil has had negative consequences and not just good ones. The housing market is crazy. The average Norwegian income is high... however it is distorted by the super-rich being counted in when calculating that average. So yeah, Norwegians are richer than people in other nations, but the housing market and the other prices are way too high. That average income number is very rose-tinted, and for those who are below average, the high prices of stuff in Norway are problematic and painful to experience. The average person might manage but it is still expensive for them too.

[TheAccidentalViking]

'Dutch disease' goes wayyy back. Like to what Shell has done. Shell is a secondary dutch company and is responsible for much of the taking of oil off the coast in Africa. My ex worked for a tech company that supported the oil companies and he saw all this first hand all around the world. What I was told was that Norway hired a philosopher when they struck oil, not an economist. Hence the difference.

[olemartinkvaal]

Fun fact we Norwegians didn’t not find oil until 1962 and after that all did go in a good direction

[norselyqueer]

at the beginning, i think you missed the premise. the prompt for "Why oil doesn't corrupt Norway" isn't that Norway is in danger of being corrupted, but rather a comparison to countries like the US & Russia which *have* been corrupted by oil already (think Russo-Ukraine war, annexation of Crimea, gulf war, Iraq war, etc.)

[okklidokkli]

Nice video. Not sure I agree about the last critisism though. Norway do many green inititives all around the world, pr capita more than most countries. Some say we should stop producing oil and gas, but the world need it more than ever before, also to fuel the green change. Norway will also build huge offshore windfarms the coming decade, and is leading in floating windturbine technology. We are also building giga battery factories and have large companies within solarcell technology.

[Luredreier]

20:43
Honestly part of the reason for that increase is geopolitics.
Europe *needs* a alternative to Russia as a source of energy, and the EU has been pushing for increased extraction in Norway, especially of natural gas.
That said, we can't entirely blame Europe, we also have political parties that's concerned about job loses if the industry dies too fast...

[Curious-qb]

Never forget what oil is used for! It's not only fuel.
From toys, to electronics and clothes.
Even emportant things like medical equipment.
We need to slow some things down here...

[tjthrillajaw]

Very "photogenic" or what you may call it. You have that gift. You engage the viewer.

[gunnarsandberg]

Check out Røros, cute little mining town! World heritage, 2 main streets with historical houses and the mining museum! It's a small mountain town located inland, deep within the Norwegian mountains. As such, it's one of the coldest places in Norway

[AndreasEUR]

0:02 I always think of Futurama with your intro... Gooood news everyone!

[bknesheim]

ref: 8:42
If you have a look at the map the UK part has islands much further out then Norway. So you can just as well say that they got the better part of the deal. As luck have it the resources on the Norwegian part is larger, but several fields was divided because of the position of Shetland and Orkney islands.

[steinarhaugen]

Your best reaction yet, Tyler. Sometimes you are very clever.

[stiggressgard]

Thanks for your videos its cool to hear about ourselves in an outside perspective 😊