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Re:Donald Trump Is Elected President by kbenson on Wednesday November 09, 2016 @12:49PM (#12912628)
> Norway generates more revenue with oil than the entires US of A, for 5 million people

I find this hard to believe. The US generates what looks to be close to 5x the barrels of oil per year as Norway, and since oil is globally prices, that should lead to approximately 5x the revenue. It will obviously be less per-capita, but that's not what you said.

> and is third worldwide exporter for Natural Gas just behind Qatar and Russia

Your facts are also slanted here. The US is the worlds largest natural gas producer[2], at over 6x the production of Norway, and 25% more than the second place, which is Russia.

That said, it's not like the US is a poor country, or doesn't have credit available to finance anything it wants. Training jobless workers would be a net benefit to the economy after a few years, and would pay itself off. We could easily finance that if we decided to. It's a matter of will, not capability.

1: https://en.wikipedia.org/wiki/List_of_countries_by_oil_produ...

2: https://en.wikipedia.org/wiki/List_of_countries_by_natural_g...

Re:Donald Trump Is Elected President by IMTDb on Wednesday November 09, 2016 @12:55PM (#12912685)
You are mixing up production and export. US produces more Oil and natural gas, but is low on exports. Norway on the other hand has a low domestic consumption (because of a low population) and is able to generate more revenue on exports.

> Oil : http://www.indexmundi.com/g/r.aspx?t=10&v=95&l=en

> Natural Gas : http://www.indexmundi.com/g/r.aspx?t=10&v=138&l=en

Re:Donald Trump Is Elected President by kbenson on Wednesday November 09, 2016 @01:15PM (#12912959)
> You are mixing up production and export.

Because for this argument they are irrelevant. Domestic consumption is money you aren't spending to buy gas on the market, at market prices. If Norway had a use for 100% of it's oil, it would be saving the equivalent amount from the global market as it would be gaining in revenue.

The bigger difference is that one is state owned, and the other is mostly privatized. Then again, for the larger picture, this is only relevant if the countries in question are constrained to the income available from this system. Neither are. If the US wanted to issue a few hundred billion in bonds, they could do so with little trouble if it was politically feasible. Or they could literally just make the money out of thin air, if they weren't concerned with or were willing to accept the possible inflation.

It's hard to overstate just how much economic and monetary power the US can bring to bear.

Re:Donald Trump Is Elected President by Fiahil on Wednesday November 09, 2016 @02:26PM (#12913699)
> US produces more Oil and natural gas, but is low on exports.

For now, the US are exporting more natural gas than Norway. However, with the completion of Cheniere's project at Sabine pass, this will be the opposite [1]. Actually, this November, the US are going to export more than twice the volume of Norway.

[1]: http://imgur.com/a/uyBiZ

Disclosure: I work in an intelligence company, but I'm not a market expert.

Edit:

> USA does not have an oil fund that amounts do $150k per capita to pay for "free everything"

No, but they certainly have other ways of funding a "free everything" that don't rely on fossil fuel. Let's call that "taxes".

Re:Donald Trump Is Elected President by nikcub on Wednesday November 09, 2016 @01:14PM (#12912949)
US domestic oil production isn't nationalized while in Norway it is.