As of the 31th od dec 2011 it was valued at 573 Billion US. It's projected to be double by 2019.
60% is invested on the Stockmarket. It holds 1% of the worlds Equity Markets. 1.73% of the Euro Markets. 50% exposure to Europ, 15% asia, 35% Americas and Africa ..... Id say it doing pretty well.
Each man women and child has 1,000,000 US sitting in the fund for the furture of ALL Norwegians.... Sounds terrible.
What do we get from our natural resources??? Mr Forest, Gina, and a constent flow of cash to overseas investors.And blinded greedy twits who sit all day on the computer hoping to get some crumbs at the expense of Australia long term future.
What year are we in the mining boom now??? 15 years????20 years????...30 years??? What have we got to show for it???? Over priced Housing sector.... people living beyond their means.... and a country the is 100% reliant on the income generated from China.... We live and breathe because of China. If China slows we slow and the snow ball effect will be enormous... the housing prices will fall, the unemployment rate will sky rocket.
Norway is now able to invest in other industries and spread the risk from the eventual loss of Oil revenue. Apparently this is stupid???? Are you people serious.
Do we hope that the ethical minds of Gina and Mr forest will help us through the bad times??? yer right.
I support the minning tax..... but I would rather the revenue put in a SWF.