comment: >
  
  I have been and continue to fall in love with this country.
context: Norway sees profits off of fossil fuels price increases caused by Russia's war in Ukraine as profiteering. While the oil and gas industry see their profits as good fortune. >
  
  The fact that Norway is now Europe's largest supplier of gas, is really saying something. >
  
  Thank goodness they had the infrastructure and resources to replace Russia. >
  
  They didn't. LNG from f.e. Qatar, which is the actual war profiteer, has also been a big part. >
  
  Pretty sure the U.S. has sent more LNG than Qatar.
  Also they'd be pretty fucked without Norway he's right. 
  Source >
  
  Without Norwegian gas and oil it wouldn't be possible to sanction Russia as hard >
  
  Without Norway, Russia could decide what Germany should do. 
  By pure blackmail.
  Norway is securing German independence. That's the important part here. >
  
  The term 'war profiteer' in this context seems unwarranted. Profiteering requires some sort of unfair action on the part of the profiteer, sometimes due to some sort of imbalance (like someone buying up a bunch of emergency supplies to resell them in a disaster area). Norway already had the infrastructure and organizations in place for their natural gas industry, and was prepared to provide that resource after the war started and people stopped buying from Russia. I really don't see where the profiteering is. >
  
  I think they just don't desire to profit excessively from this. It's more like your restaurant is making bank because the one next to you burned down. You could just party with the money, or you could give parts of it to the employees and family of the restaurant that is out of business.
  Because that is the right thing to do.
  Personally,I think that this is very lovely. From what I understand Norway is pretty well off anyway, so they can afford to be above above board. >
  
  Even if Norway did decide to just party with the money, so to speak, it wouldn't be profiteering. Profiteering is how you get the money, not what you do with it. >
  
  I think it's meant to be hyperbolic and a slight towards the companies and individuals that are indeed profiteering. It's kind of a statement of intent and a clever put down in one. >
  
  Economics is not war profiteering >
  
  Norway's oil fund made $ 100B due to high energy prices, but lost $ 160B from the market crash that came along with it. I'm pretty sure they'd rather have low energy prices and good returns on their investments. >
  
  Not really how it works. The loss in our wealth fund is not realised, so when the market goes up again the fund goes back up because the fund is very diversified. Also they have now bought a shit ton of new securities when the market is at the bottom. >
  
  I’d rather enrich Norway than Russia >
  
  Leave war profiteering to the professionals, right Swiss? >
  
  Norway, the only country in the word who have figured out how to have oil and gas. Every other country with oil and gas is pretty much a shit-hole. >
  
  While I understand your point, The Netherlands, Denmark, USA, Great Britain amongst some active or former gas/oil producing countries are doing well for themselves too. >
  
  As a Dutchie I'm disputing that for my own country. We have spend most of it (for better or worse).
  Norway has invested it. That's how they are regenerating profits for generations to come. >
  
  Norway keeps voting for a centre left socdem party.
  The Netherlands keeps voting for the centre right VVD.
  Im gonna bet the friends of the VVD have enjoyed their increased wealth from syphoning revenues from the Groeningen fields. >
  
  
  Norway keeps voting for a centre left socdem party.
  
  Keeps voting? A year and 3 months ago we had had a centre right government for 8 years and in october this year the party you're referring to is going to have their worst results ever in the municipal elections. 
  With regards to oil, at least the oil fund was initiated by a government lead by the conservative party (named conservative in english, but far more socially liberal than the Labor party). >
  
  Unlike almost every oil rich nation they have saved up the money for the future, only taking a few percentages at most each year from the savings and being extremely prosperous from that combined with a low population alone. >
  
  I work for a Norwegian company that has maritime and military branches. Within the first month of the war, the stock price skyrocketed. Like from 120 NOK to 340 NOK. It was insane. Cruel, but it was really beneficial for those who were in employee stock program. My friend sold most of his stock and payed 3/4 of his mortgage. >
  
  Meanwhile, in the US, Exxon/Mobil celebrates $56 Billion in profit while reportedly saying, “peace is good for business, but war is even better for business”. >
  
  Not "conflict in Ukraine", but "Ruzzian genocidal aggression". >
  
  So Norway recorded a quarterly budget surplus of 30.4% of the GDP in 2022 Q3, probably an all-time high. The country in the European Economic Area closest to it in the same quarter was Cyprus, with a surplus of 9.4%.
  Norway has the full right to spend its own money as it sees fit, but at this point pouring money into Ukraine is an investment for security and future of many other countries other than just Ukraine. >
  
  
  So Norway recorded a quarterly budget surplus of 30.4% of the GDP in 2022 Q3
  
  Lmao this is insane. I'd argue this can actually be bad because they could invest much more into their economy
  Anyway. Bad for Norway is still much better than the rest of us >
  
  If the norwegians say they will, then they will. >
  
  Fair play Norway! From an Irish man who found out I have some Norwegian genes through a dna test (likely from some not so fun times in the 9th century)! >
  
  OPEC looking to cut oil production again after reading this >
  
  This is natural gas, not oil. >
  
  Just to tell you how wack it is, the health minister recently said that all hospitals have to cut costs...
  Like... Why even earn money if you are not going to use them.. No idea what the hell all this cash is going. 
  It going to Ukraine is probably one of the best options regardless. >
  
  So let me get this straight.
  The EU gets addicted to natural gas, because it's cheap, it satisfies their emissions requirements (which they love to brag about), and because nuclear power is scary (?). A huge amount of this gas comes from Russia. This vastly enriched and emboldened Russia for decades. Some countries (like Germany) owe much of their prosperity over the past decades due to this (relatively) cheap energy available for consumers and industry. Not to mention the oil and coal imports...
  Like ffs, the EU could be running almost entirely on nuclear + renewables at this point, but they tried to be clever and save a couple hundred billion Euros by not maintaining/building nuclear power plants. Now they're paying hundreds of billions of Euros anyways, but with no long-term plan for generating energy. They might not like it, but this is the price they always knew they might pay. >
  
  Yea... all the world's energy problems come down to not investing enough in nuclear, lol. Tell me, how did France's reliance on nuclear energy help them last year? I guess they weren't pumping enough billions into that money pit, the shiny, proper, new nuclear power plants would never have that problem, right? >
  
  People dislike nuclear only because:  
  1) "oh no dangerous";  
  2) "I get rich off fossil fuels"  
  3) "we should be inventing in green energy"  
  I'm very into green energy and environmentalism, but danm has this crowd put us back a few by not supporting nuclear (like greenpeace), they had it all backwards. >
  
  Exactly and to get our whole economy on windmills and solarpanels is simply impossible without nuclear energy. If only Europe countries didn't suffer from huge earthquakes and tsunamis,..oh wait.. most don't. >
  
  This is how you run a fucking country. Goddamn the US could be amazing