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this post was submitted on 26 Feb 2024
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Norway wasn't that poor before the oil either. Their main exports before the oil were boats, fish and lumber. The oil definitely didn't hurt them, but they would likely have done okay without it, like their Nordic neighbors.
Just for the avoidance of doubt: Norway would have done complete fine without the oil. They are hard-working, great people and I don’t have a bad word to say about them. I’m just saying that the oil definitely does do something for them.