A few things on the Norway comparison. In addition to not being our own country, we don't have what basically amounts to a government owned oil company like Statoil.
Another question I have is what should the plan be for the Heritage fund? At what point is it acceptable to start spending it? Is the plan to have everyone employed by the government once industry packs up and leaves? If anything I would support spending a percentage of the money we make from resource revenue now to invest in alternative industry: high tech, manufacturing, alternative energy, etc. So that when the resources run out/become worthless, the entire economy doesn't collapse.
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