The Story of Norway: From Viking Raiders to Modern Wealth — Fexingo History
In this episode of The Story of Norway, hosts Lucas and Luna dive into one of the most transformative moments in modern Norwegian history: the discovery of North Sea oil in 1969. Starting with the first strike at Ekofisk, Lucas walks through the early days of exploration, the race for sovereignty over the continental shelf, and the creation of Statoil in 1972. He explains how Norway avoided the resource curse by imposing high taxes, building a sovereign wealth fund (the Government Pension Fund Global, now worth over $1.4 trillion), and maintaining state control through institutions like the Norwegian Petroleum Directorate and the Ministry of Petroleum and Energy. The conversation touches on the debate over oil's impact on Norway's economy, environment, and social democracy, as well as the 1972 EU referendum's indirect link to oil policy. Luna asks about the 1970s 'oil age' and the 'Dutch disease' scare, and Lucas contrasts Norway's approach with that of other resource-rich nations. The episode ends by reflecting on the paradox of a green-minded country built on fossil fuels, and the ongoing discussion about a just transition away from oil. #Norway #OilDiscovery #NorthSeaOil #Ekofisk #Statoil #SovereignWealthFund #NorwegianPetroleumDirectorate #ResourceCurse #DutchDisease #1972EUREferendum #GovernmentPensionFundGlobal #NorwegianOilHistory #FexingoHistory #Petroleum #SocialDemocracy #ClimateTransition #History #NorthernEurope Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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