It&#x27;s funny that you quote Thatcher as she did exactly what Chavez did with the UK&#x27;s North Sea oil money. She spent the cash in our own economy (via tax cuts) which sent inflation and the pound through the roof.<p>The Norwegians got it right. If you discover oil create a sovereign wealth fund and invest the revenues outside your own economy. [1]<p>[1] - <a href="http:&#x2F;&#x2F;www.spectator.co.uk&#x2F;2008&#x2F;04&#x2F;why-hasnt-britain-got-a-sovereign-wealth-fund&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.spectator.co.uk&#x2F;2008&#x2F;04&#x2F;why-hasnt-britain-got-a-s...</a>