Norway's Oil Jackpot: How Its Wealth Fund Outperformed UK's Frittered Fortune

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Economics

1 August 2026 at 7:32 am

Norway's Oil Jackpot: How Its Wealth Fund Outperformed UK's Frittered Fortune

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Summary

Robert Hardman argues that while both Norway and Britain discovered North Sea oil in the 1970s, Norway's political decisions to create a sovereign wealth fund led to greater prosperity compared to Britain's approach.

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