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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (246574)3/5/2014 2:09:49 PM
From: KyrosL  Read Replies (2) | Respond to of 541922
 
On a per capita basis our oil wealth is miniscule compared to Norway. If the net present value of all future US oil profits were distributed equally among the US population, my back of the envelope calculations show an order of $5K per person.



To: bentway who wrote (246574)3/5/2014 2:25:16 PM
From: Steve Lokness  Read Replies (1) | Respond to of 541922
 
US and Ukraine battling it out right now! Fierce battle as Ukraine has just taken an early lead.
First soccer match between the two countries since 1993 I think.



To: bentway who wrote (246574)3/5/2014 10:56:00 PM
From: koan  Read Replies (1) | Respond to of 541922
 
The oil companies got most of it in Alaska. The pubs made us give up huge amounts to the oil companies in order to get their vote for the permanent fund.

We got the ELF give away back after the Valdez spill by one vote. One dem had to sacrifice himself to get it. Mike Symanski.

And last year our tea party gov, and the pubs, GAVE away billions in oil tax cuts. We have a referendum on it this year.

We have 50 billion in our Permanent fund and Norway has 600 billion. Not sure of the pumping ratios or costs. But we pumped over 2 million barrels a day when we began.


<<We have far more oil wealth than Norway. The difference is, we steer the profits to the already wealthy speculator/investors, where Norway spends it on their people. Except for Alaska, anyway.>>



To: bentway who wrote (246574)3/6/2014 10:37:39 AM
From: Bread Upon The Water  Respond to of 541922
 


We have far more oil wealth than Norway. The difference is, we steer the profits to the already wealthy speculator/investors, where Norway spends it on their people. Except for Alaska, anyway.
And far more people with problems too. Gigantic cities with ghettos etc and race problems. None of that in Norway All one can say about the Norway welfare system IMHO is that it works for them and their culture for their circumstances.


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