American Reacts to Why Norway is So Wealthy | Part 5
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- čas přidán 20. 04. 2024
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As an American I have heard that Norway is one of the wealthiest and happiest countries in the world. Today I am very interested in continuing to learn about how Norway is quickly becoming the richest country in the world. If you enjoyed the video feel free to leave a comment, like, or subscribe for more!
Norways trade-fleet was the worlds 4th largest in the 20 centery, that was importent for the economi.
This has probably nothing to do with this video but I just clicked on the newest video to say something. One thing that I think is not widely known is that the copper from the Statue of Liberty is from Norway, in visnes to be specific, we live close to the mines where the copper was dug out. They even made a small version of the Statue close to the mine
I think the fish industry have created more for Norway than forest and electricity, before oil and gas now yes.
Yes it is strange that fish is left out. It has meant everything historically. And we sell a lot of fish today too so... yeah..
9:50 we have found so so so much oil in the lofoten area. plus there is a HUGE diamond and gold reserve in finnmark that are both untouched
Dont forget fosfat and thorium
I’ll be visiting Norway soon
Along the coast of Svalbard there are large deposits of cobalt and other minerals the world needs, so we will now start extracting this from the seabed. The world needs batteries to replace oil. We are now building a battery factory for cars and other large engines. We also have one of the world's largest Thorium discoveries in Norway. The thorium located in telemark corresponds to 49,000 years of energy consumption for Norway. The first Thorium engines have already been built and the US military wants to use thorium as fuel for their things. imagine being able to launch drones and helicopters/planes that you don't need to refuel. A Thorium rod keeps a drone in the air until it rusts to pieces and falls down. Imagine the benefit this could have for the military. never need to refuel. This is Norway's future.
If you read these comments, Tyler. The increased precipitation or rainfall is a direct effect on our climate getting warmer. that means that our ice caps and sheets, are melting faster and yes, in a limited time giving us the potential for more electricity production. Ultimately resulting in a loss of our ice caps/sheets. Result of worst case scenario being only a possibility of hydro power production during the spring (melting season) and the fall (where it typically rains quite a bit). So no. not a good thing in the long run.
ps: I do enjoy your vids though ^^
is everyone here from Norway
Australia 😊 best country
Norwegian here 😊 Norsk her 😂
Probably not everyone, but we love hearing about others taking note of us.
Sansynligvis😅
Ja
Dont forget the most important in norvegian history, the fisheries, minings, and the hi tech weapon industry for the past and the future.
The power lines are already connected a few years ago, and they have connected Norway to the European power market and made the electricity very expensive wich it wasnt before..
But we can't always do things sequentially. In order for us to be able to take cheap electricity from the enormous investments that the Europeans are making, we have to have those cables. Yes, it does upset the market somewhat, but much of that price also comes from enormous investments in improving the grid, allowing us to enjoy very cheap electricity when there's abundance, which was not possible before, because we didn't have the ability to measure. I estimate that I've saved 30-35,000 NOK simply by installing a timer on my hot water so it doesn't take the expensive power, but only the cheap.
@@jeschinstad Sette strømmen på Nordpol børsen og la det være meglere som bestemmer verdi av strømmen er det som ødlegger systemet......før kablene kom var 50øre kw/h enormt høy pris nå er det billig. og med det nye nettleie systemet så er det umulig og bruke mye strøm p åen gang og spare penger. Sper du strømforbruket ut på det jevne for å unngå forbanna T1-5 trinnene så bruker du strøm når den er dyr også. bruker du mye strøm når den er billig får du enorm nettleie som takken. og hvordan du klarer å spare ett års forbruk med strøm på å ha timer på varmtvannstanken må du virkelig fortelle meg, for det er ikke en forbanna timer....
we don't have food, (food soil). well we have, but not enough
Yeah, and the increased rain is making the agricultural land we do have worse.
You should come visit!
What's interesting is that normally if the economic driver isn't connected to its population (Take for instance: Oil, Gas, Gold, etc) it tends to allow governments of said nations to... kinda just ignore the population entirely
Which is why the whole thing about Norway being kinda unique in that our money jumped from a non-human needed source while still keeping humans important
Oh and also, The video in part 1 ignored how important the _fishing industry_ also was, also the whole trade fleet that was insanely important for a hundred years centred around the first world war
As a Norwegian, despite my country earning from the war, I'd still rather never have that war to begin with. Because while yes, we are earning more now for sure... But the issues are plenty, its a lot more risky, a lot more of a rocky and bumpy road as well. Not to mention that because of the _needed_ demands from the EU, it means the actual Norwegian people are struggling a lot more now than before the war, despite the profits, all that on top of the obvious grain issues we have as well...
The pipelines being built, the needed demands from EU, and all that also means our electricity prices and everything else are getting more expensive atm, but at least some of us realize that it will eventually get better, tho people get bitter real fucking quick up here about the current situation lol
Increased precipitation does have drawbacks, to my knowledge its mainly flooding as you mentioned and it can also make the ground unstable causing landslides
Climate change is not good...
And it can cause crop failures.
Not to forget that we who live here have to live with all the rain when we really need sun and nice weather. It's not all about money.
This with wind turbines and solar farms is actually a big problem, because what the government is doing is selling land to foreign interests, who want to build either solar farms or wind turbines. This means that many small municipalities that are already struggling with their finances find themselves forced to sell to foreign interests. This is certainly good for the municipalities, but for those who live there do not want these large, beautiful natural areas to look like a single large wind farm. This contributes to the littering of Norwegian nature, which is what the first people in this country want. But since the government thinks this is smart, then you sell land, which you only earn at once. Something the government has not taken into account is that many countries in Europe have already tried out both solar farms and wind turbines, and they only work when there is sun or wind, therefore this costs much more than expected, so it means that has only marginal merit. Something many fear we will see in a few years when these areas will be dilapidated and unprofitable, so Norway will have to pay for both the removal and restoring nature back to its natural form. That again will cost a lot of money.
The argument about it only working when there's sun or wind isn't really a proper argument for multiple reasons.
Especially here in Norway where we can easily switch between sun/wind and hydropower at a moments notice.
Also, you can store power locally at the wind farms.
The wind production is at its peak exactly when we use the most power here in Norway allowing us to save a lot of water for cheaper electricity for both us and Europe.
We dont want to get oil close to Russia....Thats tooo risky....
interconnections aren't a new thing all the countries in europe is interconnected but we are building out the interconnections. Since northern europe has a lot of windpower and the meditteranians has a lot of sun and solar. We see an increasing need for "electricity super highways" Norway does already import electricity when there is a lot of wind because the prices plummets, like Denmark imports hydro from norway when there is not enough wind and nuclear power from sweden. It's an open market so electricity companies ofcause buy it where it is cheapest but the bottle-neck is the transmition lines. If there isn't enough capacity on the grid the prices sky-rockets on the electricity exchanges.
Yeah.
Our biggest issue isn't really connections with the continent but within Norway itself.
When the war in Ukraine started we where exporting power from northern Norway to Sweden while importing it in southern Norway due to high prices as our high prices wheren't quite a high as on the continent.
Responsibility comes with having nature or "resources" stupidly and just being greedy. We can't save the rainforest but the vulnerable nature in the north, arctic regions, reindeer herding... leave the little nature that is left alone!
Totally agree!
❤️
The oil/gas and energy production expansions are divisive political topics in Norway. Many parties (and people) don't want to look for and open up more gas and oil fields, due to effects on the climate. And wind turbines aren't very popular among a lot of people, as the installation and use of them makes such scars in nature, plus a whole host of other issues. It doesn't seem to benefit the average household electricity bill either, as prices for green energy are higher in the EU.
13:26
It's causing flooding.
But we're doing our best to manage that.
It's causing more rock slides, we're trying to manage that too.
It's also ruining crops, and that's harder to fix...
14:50
We already got several, and they caused power shortages in southern Norway when the war started.
As European relied more on our power as their own power plants had to pay for more expensive oil and gas increasing electricity prices on the continent...
Yes. Learning a bit via an American as well. ... And FaithlessDeviant says it; that the electricity lines exists already. ... Norwegian politicians says the amount of import and export of electricity is about the same, and that we are part of the European supply security network. ... This means we have also started to import higher prices, SenterPartiet wanting to stop that exchange, put are encapsulated by other parties, and rather giving us some national refund solutions, making it a bit cheaper, in this cold country, and as well neither fully want to destroy energy-consuming industry. ... But I understood years ago, that the Arbeiderpartiet (Workers Party), really wanted to put a bit more export than import into those electric subsea lines. ... They do not seem to mention fishing exports these videos, that streaches 100s of years back. Dry and salted fish (turned for instance into Bacalao). But I do not know the importance of the sums. But fish-export has become more and more part of the inland-based income, if we could call it that, although coming from the sea. ... Much of the ownership of fish production is by foreigners, as windmills as well. Since they for instance are using our fjords and polluting them, the Labour Party and SenterPartiet introduced higher taxes, a socalled ground rate tax, that seems already part of the higher prices in the stores. ... A good Price-Hack could the be investing in solar panels, having a fishing stang, by rice and frosen vegetables. ... If you grow your own vegetables, making your own veggie burgers for freezing, could probably give you a lot of saved money. ... 20kg concrete sacks is one of those things cheaper in Norway that in Sweden, if you want to build a hut
Income from oil is probably now very small, compared to a self supplying fund. ... But all money is important, if starting on new with them, and hoping for success for them as well, in the long run
We already have electric cables to Denmark and uk
the show must go on:)
First time Norway got rich is called "the Viking age".
Norway are expected too have surplus about $50 billion after all the bills have been paid for for 2024. This is counted with the fiscal rule that's about the same amount also. So without the fiscal rule at 2.7% from the oilfund we would go about in zero.
Plus the oilfund beside that that's are about $1.562 trillion today.
I actually don’t need to watch part 1, 2, 3 and 4 because I am an Norwegian citizen😅
most of us don't, but the reactions are hilarious🤣
Nei, men det er jo interessant hvordan andre ser på oss....
Remember we deliver as much as we can.... That's it. Before we produced "normal" . Now we produce, as much as we can
I did not know Norway was kinda rich out of timber 100 years ago
"Need" maybe not, but you probably should anyway. ;-)
Norway cant deliver much more. We need infrastructure and it take time to build
It’s actually over a 30% increase Ty…
41.49% increase, if my calculations are correct.
Probably, Norwegians love to hear non-Norwegians gush and praise Norway 🤣
Definately😂
Who doesn't like gushing and praising? At least we don't think that we are "a shiny city upon a hill" yet. 😂😂😂
The goverment sell Norway. If we make so mutch water and wind power, why have the price gone up whit 450%
I would of thought that kwait would of done the oil as they have a huge oil supply
They're also using a lot themselves.
We don't need any of ours, so we're free to export it.
And we're closer to the European markets.
Precipitation is going to increase? ...I already live in the rainiest city in Europe! D:
That is how the system works; hot air from the south travels north where it's cold. Since high temperatures mean more evaporation in the south, there will then be more moisture to condense here in the north.
What doesnt norway have; good weather. (Well usually).
🥰
Politicians in Norway has been destroying wverything hood we had the last 10-15 years, electricity is expensive. The Norwegian krone is worthless. And most companies and wealthy Norwegians are moving out and selling companies to china etc because of to high taxes. Something must change.
Norwegian politicians have no power to control the currency. It's not their business at all and it would have been our central bank, which does not seek to regulate the currency. But we do have some far-right extremists who wants to create hatred against Norway and they blame Norway for everything from the war in Ukraine to USA and EU flooding the markets with money during the pandemic, leading to the global inflation that makes our currency low.
@@jeschinstad one of the reason why the Norwegian krone is so low value is because they run politics that stops investors from investing in Norway because they change the tax rules so often. So the politics do play a role in Nok
I don't really agree with all of that.
Electricity is slowly working itself out, with not in my backyard movements being our biggest issue there.
The connections with Europe really wasn't a issue, our lack of infrastructure for power transfers *within* Norway was the biggest issue, we where exporting power from northern Norway to Sweden while importing it from Sweden in southern Norway at the same time back when the war in Ukraine started, often the same power, because the Swedes had power lines going north-south whole we didn't.
High taxes isn't really the main issue in my view as much as unpredictable policies.
I'm left leaning but I can see that the labour party has been making too many major sudden changes of all sorts.
Companies need predictability to run well.
And labour isn't giving them that anymore.
So as much as I disagree with the conservatives about pretty much everything I'm actually swinging over towards preferring a center-right government.
I used to be a SV voter, switch to MDG, and I've been calling for the party to work with the conservatives here in Trøndelag.
And they did, helping build a right wing government in Trondheim for the first time in a long time now.
I just moved out of the city though, so we'll see if I can get MDG to do the same in my new municipality.
The conservatives definitely needs to be kept in check, but as a member of the pragmatic faction in both SV before and MDG now (as opposed to idealists) I think that the conservatives are a good counter weight to our idealists and we're a good counter to their cynicism and lack of faith in humanity...
We have issues we need to deal with that the conservatives are ignoring or down prioritizing way too much.
@@vikinnorway6725 This is one of the stupid things that people say and repeat over and over without ever thinking about it. But with investments in Norway being at an all-time high, that obviously isn't true.
There is also strong opposition among the Norwegian people to destroying nature with massive facilities for wind turbines. I completely agree with you, but as usual there are some who think our politicians want the best for the Norwegian people - which is just nonsense. I do not believe for a moment that the disposition of the surplus from the oil fund is not controlled by corrupt actors.
Im so rich im gonna eat next friday:D
If you ever have issues getting enough food in Norway, you should immediately book an appointment with the municipal financial advisor. Because that means you're mismanaging your finances severely. It's free of charge.
not ewen 2 euro per liters how inecspensive do they have it:/ norway have it like 22-30nok:/
"What does Rich as a Troll means? It means US dear. and where do the Trolls come from? From the Mountain, you know that. So Norway produces that which then make money. BUT don't open to many boxes No?
And the benefit from not sell oil to Russia, as ouer filosofi and sosialism (share with they who need) = we use that money to help Ukraine (+ help the Ukraine people who make it emigrant and come to Norway) + Help Palestine
Love your chanel. Your quriouis- and entusiasme about Norway 💯❣️🙂
Including invest in the future, = invest in the people. As you learned, - not only schools for free, but thought about we need learn english.
+ ?? What study do we need,. (again include and listen to the students = early learn us to think and NOT only tell us what to think or do)
Many of us choose from we in highschool one ore 2 more laguages. Spanish, german, french. When/if choose more study, then at the university, some learn chinese or/and mandarin russian + what we think is smart to learn.
After highschool many tired of chool, = then we have "yrkesskole". Schools where you choose from different practises + theoty about it
= After 3 years they get "Fagbrev" = then can start work, get intern-ship to learn more, or choose stydy about the "profesion" you learned about, can do/work but wanna more. = From be an elictrican too an electrican ingeniour or a teacher, professor etc about it/the profesions.
And think about if you come to Norway, or go to other contries, how nice it woud be to understand what we/they talk about
- many funny stories about we both here and in other contries they dont know we understand what they say 😅😅 . Its funny talk to them and say something about (spesial if its ahout us) what they talked about = their faaces are priceless 😅😅
As you alrady learned, cuw work many of us go to meetings etc in other contries.
Im veeery impressed about your tests about Norway! 🎖(a gold medal)🧾(diploma) 👍👌👏 from me here in Norway
- Im one of the most of us who like smaltalk, speak to most of them we meet ("read the situation and person before we do) Love get new friends (but yeah, we have ouer close friends from be very young)
For me you are not a typical average American, - you are atypical
- you should be the president in the USA
Im shure you make it be at least 5-6 political parties (Including one sosialististic and a couple who agree with most of the sosialisem IF NOT, THEN NOT SHARE = then noth enogh to schools, the medical system, +++ what you know are welfare, the kids today be the next one make shure he give what he got when qrow up back to kids...and so on....as you know) Include all the imigrants and tty tell them why Norway noth just bye and do this and that. The easiest way itsbsay "if we did, you and your family wouldn't be here. And ambulanced you got save your life, you can give birth to a child without worry about how much that be cost) You would not had classes for imigrants learn Norwegian, you would not get a transelater in your language for your kid at school, or when you need one, example at hospital ++++. Sit in the place to live in Norway helped you get and pay for until you find a job, as we also help you about, and think about why Norway dont just do or bye = spend all the money and have a mega-party ... (Even the kings here sometimes used/stil use, the publick transport for god sake)
til imigrants have a problem get it.... Which i can understand why not..
OMG! i bla blah blah 🙈🙈🙈 😅😅
Only thing Norway dont have is Population and Country Size compared to Countries like Russia and US so Norway alone dont have the Manpower to win a war by itself
Don't worry, we're one of the founding members of NATO.
it is very dramatic
Hello again.
Did you know that when the Russian pipeline was blown up, something else happened that day. Was "Freedom" Norway unaware that this would happen``?? Let's see if you know this. If not, I will say so on request. Thank you again for your desire to learn about us Norwegians. You must have incredibly good sense....
Remember we were created by the same God and we hate war and violence. I'm talking about the usual Norwegian and normal ones. Not the liars. I'm talking about those who have never had dirt under their nails, aka the politicians here in Norway. (In Norway, we know when a politician is lying right away. We see the lips move.)
Our sailors, known for being the toughest in the world, built up this country together with copper miners. Also Karmøy, my birthplace. They also knew that if you keep God's commandments, it says that you will succeed in everything you do.
We got everything from our Creator because we kept His commandments for the most part. If not I am afraid we will lose everything as those who now rule our country have sold us out. Something that most politicians do worldwide. This they do with a contempt for Him who gave us all this. But these new ones deny our Father in Heaven. There will hardly be any good answers to give to Jesus the day you have to talk to Him.
Maybe we have to find our Viking swords and take our land back? My family tree goes back to the year 975 AD. Did you know that when Ronald Reagan was president, he learned that he had a few percent Viking in him. He was so happy that he asked for a day a year to be celebrated for this.
It was not Columbus who found the United States, or the "Wine Country" as we called this country.
The Vikings called your country "VInland" then (this is what I believe) this was perfect for luring others along on their journey. The belief was that if they sailed far enough, they would sail over the edge of a flat earth, but Vinland was very tempting. Funny but true. I'll say my name, but don't laugh. I want to hear roars of laughter. Here is my very odd name: My name is Odd.
You should move here 😂
IT'S, almost like this "LUCK" is comming from somewhere... It's not only luck... Some are controlling this..Like a GOD, but not GOD.... So,, What is it?
The norwegian Government has always been on the lookout for ways to further develop norways economy. Thinking ahead has always been part of that. So when an opportunity rises, they are ready to take advantage of it.
There are no gods, so maybe... people are controlling it?
And thats why we shuld help Ukraina with money.
Cant be profiting so much on war
Norway was piss-poor until they found oil. So simple answer is oil. Norway has no companies inventions or other things to sell So, redundant and ignorant video.
No, we where not poor. Check the facts.
This is just bullshit. Some people seem to really worship this mythology and I don't know why. It has nothing to do with reality. You may never have heard of hydrogen, ammonia, aluminium, artificial fertilizer or even the internet, but that doesn't mean it's not important.
@@mariannepedersenhagen6760 Have done substantially. Also know a man from Norway. It was very poor until the oil came. Now there are no inventions or successful companies from Norway and salaries so high you cannot produce anything and export. Well, home grown salmon which according to Norwegian experts is lacking in nutrition compared to wild fish.
@@user-tz5oo8ji4b You are not from Norway. So I don't think you know the history and facts.
@@user-tz5oo8ji4b So stop beeing a troll!
There are several of these power lines in use already..
en.wikipedia.org/wiki/NorGer
en.wikipedia.org/wiki/NordLink
en.wikipedia.org/wiki/North_Sea_Link
Come on. How tf is this turning into 6 episodes? Really milking everything out of your already low effort content. This could’ve easily been one or two episodes…