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Anonymous
Why does America not frack until we have a 1 trillion fund like Norway 2017-06-09 02:59:48 Post No.
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Why does America not frack until we have a 1 trillion fund like Norway 2017-06-09 02:59:48 Post No.
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Why does America not frack until we have a 1 trillion fund like Norway
Anonymous
2017-06-09 02:59:48
Post No.
[Report]
I WANT ONE TOO
http://www.reuters.com/article/us-norway-swf-ceo-factbox-idUSKBN18T283
Norway's $960 billion sovereign wealth fund is the world's largest. Here are some facts about the fund:
** The fund invests the Norwegian state's proceeds from oil and gas production for future generations. It was set up as a sovereign wealth fund in 1998. Since then its annual net real return on investment was 3.79 percent, below its 4 percent target.
** The fund has grown so large that it is two-and-a-half times the size of the Norwegian economy. Its size is equivalent to $185,000 for each man, woman and child in Norway.
** It also has an ethical mandate. It does not invest in companies that produce tobacco, nuclear weapons or anti-personnel landmines, among other criteria. So far some 66 companies have been excluded on ethical grounds.
** The fund's biggest country holding at end-2016 was the United States (37.2 percent of the fund's value), followed by Britain (9.1 percent) and Japan (8.3 percent).
** Its three biggest equity holdings were Apple, Nestle and Royal Dutch Shell as of March 31.
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>Ethics
>Its three biggest equity holdings were Apple, Nestle and Royal Dutch Shell
I have no reaction face for this level of mfw
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>>129137715
jews will just take the money.
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>>129138110
They get their 10% but its still a lot we could have by increasing drilling.
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>>129137715
>tobacco, nuclear weapons or anti-personnel landmines
Damn that's one hell of a comparison.
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>>129137715
That would be SOCIALIST!
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>>129137715
>Inb4 someone posts flaming faucets
Don't watch Gasland until you've watched Fracknation
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>>129137715
It would tank the oil market, and further destabilize the Middle East who is dependent on their oil sales. That fracking shit isn't going anywhere and is just waiting for us when we need it.
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>>129137715
Because the environment is fucked you idiot. What good is money going to do you retards when the entire earth is fucked?
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>>129139446
Are you all this lock-step anti-business?
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>>129139446
Fuck that shit faggot. We gonna get rich or die tryin'
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>>129139659
Aren't you the least bit concerned just how much it's giong to hurt when you die trying? Pliers and blowtorches are standing by.
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>>129139659
Jesus fuck I wish Carli Banks was mine
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>>129137715
Im in capital markets/banking.
Isn't possible.
Do the math.
# of people in US vs # people in Norway.
Norway historical oil production vs US production.
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>>129139446
Global warming is great exaggerated. Fracking/Oil extraction is largely safe and if you want to harp on CO2 emissions its the developing world where all the CO2 emission growth is coming from. Also if current CO2 levels are already too much and the world will end, then we're fucked anyway. If you want to deal with the problem go to do something about the 3-4 B people in the developing asian world.
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>>129139659
So beautiful
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>>129141196
It wouldn't feed as many mouths but it could still be a signifiant strategic investment. How much less oil per capita do we produce than them?
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>>129138379
Which one has killed the most?
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