Unlike the UK, Norway decided to keep its oil wealth so it could invest it for the future. By contrast, here in the UK we continue to live beyond our means and we have huge debts. See http://www.bbc.co.uk/news/business-28882312 . Norway seems to be an example of how we should have behaved. Now it is too late.
See also http://www.washingtontimes.com/news/2013/dec/25/vitenberg-norways-mythical-oil-wealth/ for a touch of sour grapes.
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