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A comment on The Colonial Pipeline Was Fine, Shutdown to Make Sure Its Owner Would Get Paid. Parent comment

Re:The Colonial Pipeline Was Fine, Shutdown to Make Sure Its... by girvo on Tuesday May 18, 2021 @04:59AM (#27192554)
Australia has followed America in making that mistake too, sadly. Other countries as well I assume. The politicians that push this, seem to make sure it’s their cronies that are the ones that get to make billions off said privatisation, too.
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Re:The Colonial Pipeline Was Fine, Shutdown to Make Sure Its... by capableweb on Tuesday May 18, 2021 @05:21AM (#27192659)
On the other hand you have countries like Norway, where parts of the profits earned from oil goes into the "Oil Fund" (https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...), currently the "world’s largest sovereign wealth fund". If Norway had failure like the US, they could easily offset the costs while making things still work as usual for a while, as they are thinking ahead.
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