The Norwegian oil revenue is invested in Statens Pensjonsfond Utland, which only invests outside of Norway. The law specifically forbids it to invest in Norway in any shape or form.
"Banken kan ikke investere investeringsporteføljen i: a) verdipapirer utstedt av norske foretak, verdipapirer utstedt i norske kroner, fast eiendom lokalisert i Norge eller i eiendomsselskaper, eiendomsfond eller liknende konstruksjoner som har som primært formål å investere i Norge. Tilsvarende gjelder obligasjoner med fortrinnsrett med pantesikkerhet i Norge. Med norsk foretak menes foretak med hovedkontor i Norge."
why would they want to prevent reinvesting in their own country?
The Norwegian economy is so small, and the SPU is so huge, it would inflate the value of Norwegian assets if they invested it in Norway. It would distort the prices, and not be a good investment in the end. You don't put all your eggs in one basket. You spread the investment thinly across all the major listed companies in the world, government bonds and high end properties in big cities.
I see, clever planning on their end
I haven't waited on hold for more than 2 minutes when calling COMCAST in recent years. I feel like this is one of those jokes based on an accepted characterization of COMCAST. It's still a terrible company, with terrible pricing and I was glad to be rid of them but at least I never was on hold for very long when I complained.
On the other handset time I called them I had to wait 2+ hours easily...🤔
Ay yo.... Didn't Caitlyn Jenner kill somebody? Whatever happened with that?