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| London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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#1
May 19th 15, 01:08 AM
posted to uk.railway,misc.transport.urban-transit,uk.transport.london
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UK faces first major train strike in 20 years
On Mon, 18 May 2015 19:19:00 +0100, Mizter T
wrote: Never an entirely good idea to base ones country's future on oil wealth though - its pretty toxic around most of the world, Norway being an exception though they only got it right third time round. Almost every country (he UK & Iraq are exceptions) with significant oil income invests it in an oil fund. The return from the investments is more stable than the oil income. Norway's oil fund is worth 800 billion, the UK is 1500 in debt. |
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#2
May 19th 15, 01:18 AM
posted to uk.railway,misc.transport.urban-transit,uk.transport.london
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UK faces first major train strike in 20 years
mcp wrote:
On Mon, 18 May 2015 19:19:00 +0100, Mizter T wrote: Never an entirely good idea to base ones country's future on oil wealth though - its pretty toxic around most of the world, Norway being an exception though they only got it right third time round. Almost every country (he UK & Iraq are exceptions) with significant oil income invests it in an oil fund. The return from the investments is more stable than the oil income. Norway's oil fund is worth 800 billion, the UK is 1500 in debt. I really doubt that most oil producers invest in a sovereign wealth investment fund. Norway certainly does, and so do some Gulf states, but I can't think of many others. Do the US, Nigeria, Venezuela, Russia? |
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#3
May 19th 15, 01:49 AM
posted to uk.railway,misc.transport.urban-transit,uk.transport.london
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UK faces first major train strike in 20 years
On Tue, 19 May 2015 01:18:51 +0000 (UTC), Recliner
wrote: mcp wrote: On Mon, 18 May 2015 19:19:00 +0100, Mizter T wrote: Never an entirely good idea to base ones country's future on oil wealth though - its pretty toxic around most of the world, Norway being an exception though they only got it right third time round. Almost every country (he UK & Iraq are exceptions) with significant oil income invests it in an oil fund. The return from the investments is more stable than the oil income. Norway's oil fund is worth 800 billion, the UK is 1500 in debt. I really doubt that most oil producers invest in a sovereign wealth investment fund. Norway certainly does, and so do some Gulf states, but I can't think of many others. Do the US, Nigeria, Venezuela, Russia? Nigeria, Venezuela and Russia have oil based sovereign wealth funds as do several US states. |
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