Re:With oil cheap, Arab states cannot balance their books
by 3pt14159 on Tuesday July 21, 2020 @12:57PM
(#23908524)
In the long run the cost of energy approaches 0 and ultimately heat dissipation and space (and hence, speed) will be more relevant. But short-termism and individual greed have reigned supreme in most energy rich companies. At least Canada has a diverse economy to take up all the petro-refugees, even if we didn't build a serious wealth fund out of our oil as the Norwegians did.
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Re:With oil cheap, Arab states cannot balance their books
by supernova87a on Tuesday July 21, 2020 @01:02PM
(#23908583)
I will make the snarky observation that if there is one good thing about the Norwegians and their petro fund, it's that they seem to have a national culture of being a bit ashamed of having come into so much money, and are willing to have it hoarded away for them for some future while they live relatively "modestly". It takes some self-discipline to not pressure your government to give handouts left and right when you're rich.