You won't believe what Norway just found!
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Norway is already one of the richest countries in the world, but they will be much richer. On top of their vast offshore oil reserves, they now found out to have a massive deposit of phosphate. This will instantly make them the world leader of this precious mineral which is used to create fertilizer, batteries, and electric cars.
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FULL TRANSCRIPT + SOURCES:
docs.google.co...
MAIN SOURCES:
‘Great news’: EU hails discovery of massive phosphate rock deposit in Norway (Euractiv):
www.euractiv.c...
Norway’s oil history in 5 minutes (Government.no):
www.regjeringe...
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#norway #phosphate
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Your videos are so pleasant to watch!
Why should EU's limitations hold back Norway's extraction of phosphate? Norway is NOT a member of the EU, they stand outside and only pay certain fees and participate in the Schengen travel regulation to enable their citizens to travel like any other citizen of EU.
Sure I see plenty of videos saying norway has always been massevly rich. And yet, market over years keep downgrading their currency, even prefering euro that is under selfdestruction order by the USA.
Use it. Very happy with it.
Norway is not a member of the European Union because of issues like these. There’s no upside getting tied down by the European Union’s regulations. Export of phosphate will happen regardless.
PS. NBIM (the ‘pension-fund’), will probably buy more property in London and New York. I think the plan is to win the monopoly-game… 🙄
It couldn't happen to a nicer country! Congratulations to Norway!
All while they have funded their govt pension fund and the USA squanders the Social Security Fund. The USA should be charged with elder abuse for what they do with those funds.
@@mutantryeff totally agree!! I'm so tired of the right calling it "entitlements" in a derisive way. It _IS_ an entitlement bcuz I & my employer have been paying into it my entire working life, so I'm entitled to it. They set the system up fine when it was developed but the constant push for lowering taxes by the right since Reagan over the last 40yrs is what's making it insolvent... oh & the ridiculously bloated military budget. I slight tax increase on the rich & cutting the military budget in half is what has to be done. What's crazy is even if we cut the military budget in half we'd still be the #1 spender & still over double the next country's spending
Thank you
Poland is very much involved in Norwegian mining and oil & gas. Especially on new fields in the Far North. A long gas line connects Norway to Poland through Denmark. We never needed any Nordstream 1 & 2!
Thanks! But we have depicable , braindead nonsense going on here we should NOT be spoken well on. Some Absolute fanatic sheep farmers, game hunters want to exterminate ALL carnivores/ predators like wolves, lynxes, bears etc. Even the Sami which I thought respected tve ecosystem says eff to such animals. Because their reindeer greed have corrupted them, and yeah the windmill madness which is NOT worth building and are NOT recycable are getting sleazly integrated by different municipalities by promise of wealth and infrastructure by underhanded, undermining and secretive deals without local votes and folks have ANY say! Drmocracy my A$$!
As a EU citizen, I think the people of Norway should decide how to deal with their natural resources, not the EU.
@@MrImadeU It's explained in the video how the EU can still influence how Norway deals with its natural resources.
The EU should occupy Norway for strategic reasons. We could say for protection that the Russians don't come over them. Like in series Okkupert (Occupied) .
@@geoms6263 we already have nato
As a norwegian I am tired of the government always licking the EU's ass
@@geoms6263 lol there was a norwegian tv series abt this exact premise
I'm not Norwegian, I'm Portuguese I lived 10 years in the UK and one year ago for professional reason I had to move to Norway for 6 months... I just decided to stay here, no reason to go back to the UK or Portugal.
I'm in love with this country natural beauty, social politics, work environment and its people, Norwegians are a bit reserved at the beginning but when they open up to you they are one of the best, genuine and kind people I ever met!
Har du lært noe norsk?
Thank you man
> Norwegians are a bit reserved at the beginning but when they open up to you they are one of the best, genuine and kind people I ever met!
Couldn't have put it better, I'm glad you found your peace with us =)
I'm dutch, living in Norway. I asked around, literally nobody knew, and when I showed them the articles, nobody cared.
We are not in a rush to exploit every resource we got.
Yeah i am not surprised. They recently found what is to believed to be Europes biggest reserve of rare earth metals. It was only mentioned briefly in the news and forgotten (Same goes for the large Thorium reserves discovered way back in the 50's) Go figure!
yes i also live in norway. Ive seen this on tik tok and youtube but i have never heard of it. never heard it from other people either.
My wife and I arrived in Norway in September 2019. This week, we completed the paperwork for purchasing our first home. Norway is an incredible country with a great work-life balance, and we really enjoy our time here.
Congrats. Hope the loan gets approved. Look at everything during the visning. I mean EVERYTHING. People use more time to buy clothes than we do to buy a house. Lykke til......
@@kruz2727ify Tusen takk . Lånet er allerede godkjent. :) Når det gjelder leiligheten, alt er i orden. Hvis det skulle være noen problemer, er jeg ikke bekymret fordi jeg er en bygningsingeniør, og før jeg kom til Norge fullførte jeg rørleggerfaget, og jeg har venner som er elektrikere. Så jeg kan søke om "selvbygger" lisens og gjøre alt arbeidet i mitt eget hjem, noe som dramatisk reduserer kostnadene.
@@fistofthenorthstar3155 Tusen takk for at du lærer språket, håper deg all vell med jobb. Håper du får alt du trenger, vi behøver mer rørleggere. Velkommen til norge bror ❤❤
@@fistofthenorthstar3155 Velkommen til Norge & gratulerer med leilighet! :)
I'm a Pioneer Saturation Diver who put the first pipeline across the Norwegian Trench with an all American dive team. If that went badly we would have sent it to the UK. 🎉I'd put in a tanker loading station to keep the bankers off the back of the exploration companies before that, again all American and I spent years in Vietnam to learn how to be crazy enough to learn how to not freak out every times I was almost killed. I don't think many people know the story but I do and while Norway was good to me... they sidestepped my American partners. Who cares about the story of men killed by greed and haste...I have to learn to live with the men who died in the war and water... may they all rest in peace and wealth be damned.🙉🙈🙊💘
Wonderful lovely Norwegians. Be wise with your good fortune. Do not import problems from those that hates you .
@@d.s.8607 how very sad. I am sad to see the west is so hateful about their origins. I don’t understand it and have never heard so much revulsion towards our ancestors. I personally have great admiration towards their accomplishments and there is good and negative with all humans a very imperfect species ,but that’s all we are endowed with for the time being. Thank heavens for dogs!
@@suzyschwarz7023If people do not know anything about history what do you expect?? People here have never been well versed in History.
@@d.s.8607 What places are you talking about? I live in Norway so I'm genuinely curious
dont worry norway has a assimilate or deport policy making it less immigrant friendly than Eu countries
@@joninator7858 You live in Norway? Brother I'm a mixed Norwegian and can quickly back up what he's saying. Have you seen areas like Oslo, Stavanger, Bergen, Kristiansand or Trondheim?
It's gratifying to know that a society that is responsible and forward-thinking has control over such a critical resource as phosphorous. That makes all of us fortunate. Thank you Norway.
You have no idea whatsoever and this clip doesn't help getting a good one!
CAREFUL! "FORWARD THINKING" is the SAME TERM that ECO NUTS, POLITICIANS AND ELITES USE to PUSH AN AGENDA!
Like YOU SHOULD BE EATING BUGS! While THEY EAT STEAK!
Exactly my thought!
We extract phosphorus from wastewater everyday at our facility! The market was so bad for pure phosphorus perils that it costs us $250,000 a year in losses to do it, but we still have to remove it becasue of regulations but no market. SO tell me again, how is Norway so rich with finding phosphorus?
@@MrOldclunker I learned in Ecology class that phosphorous is actually the limiting factor to life on earth. It would be the first element to run out if living organisms were allowed to proliferate. And it doesn't cycle like carbon and nitrogen. It does cause algae blooms though.
I am from Norway and I would like to say that the wealth gap is getting bigger here. And our electricity and gasoline is really expensive. New car sales has stopped because people cant afford it. We are not as rich as you think
Nice to hear the other side
Alot of norwegians struggle with their economy. Loans etc. it is not as it seems at least for middle class@@foilrider2000
Our only skill is resource extraction. Our leaders show high incompetence in general economics, but we're still able to remain prosperous due to oil and gas. If we continue like this we will be a lot poorer once we run out of fossil fuels.
I living in Norway 12year. But I came from Poland. Sow I can tell you that Norway is going bad way if you looking on other countries in Europe. Life is harder then 70 almost. If you are young, start life with out help from parents etc. Is impossible. Prices are sky hight, fuel, food, taxes. To living in Oslo you need bag with money. Streets are more dangerous. Big corporation and goverment stealing money from working class. Sow 260 000$ for me mean nothing😂 But still lovely country and most of people❤
In which Norwegian reality do you live in? Do you know how incredibly lucky we are to live here? If you are not happy feel free to leave. That goes to the original comment from my fellow Norwegian. Please leave, we don't need you and your kind.
Rock on Norway! Canada salutes you!
Statoil still exist yes, but is now named Equinor since 2020
*I wonder what ''genius'' it was who got the idea of changing this **_rock solid_** name???*
@@sharkamovI know, it’s annoying how it gotta sound so formal, keep it as statoil, that’s the best petrol station we Vikings got
In Sweden it's called Circle K now.
@@Feskekaka The thing is, I've _NEVER_ seen or heard a logical and/or _reasonable_ explanation for this stupid name change, and I seriously fear there _are_ none! . . .
@@JAMESHERNANDEZ-d2p The former Statoil gas(petrol) stations have long since been usurped and re-branded by the American convenience chain *Cirlcle K* all across Europe (which again is a subsidiary of *Alimentation Couche-Tard Inc.* [or simply Couche-Tard], a Canadian multinational operator of convenience stores. The company has approximately 16,700 stores across Canada, the United States, Mexico, Ireland, Norway, Sweden, Denmark, Estonia, Latvia, Lithuania, Poland, Japan, China, and Indonesia.)
Norway is NOT part of the EU, so they cannot ban the extraction of that mineral. They are part of Schengen, but have no illusions about Brussels.
Yet, we have been best in class when it comes to obeying EU directives... seems we may have been members since Brundtland:P
Not part of the EU, but bound by many of the rules and a net cash contributor to the EU. This all to gain free access to the EU market. Net effect, we get access, we follow their rules, we pay in huge chunks of cash and have no say (little like when we were ruled by Sweden!).
@@Goldenhawk583 Well, they want us back, because they need my skills. Tough, because when Boris trashed us, he destroyed my self-confidence, starting me on a cycle of grief by forcing me to redefine myself. I'm not the man I was, in 2010, when I was the only surviving member of the WEU Crisis Management team still in a position where I could be expected to help.
It's all very well Ursula and company being all EU-Gung-Ho, but unless you've actually done it, you don't know what it takes. The Cabinet saw me handle a major diplomatic approach right in front of them, landed the agreement between 0200 and 0900, they came in from breakfast with the deal up and running. This is where their search for more misfits comes in, they'd pissed their Golden Geese off and weren't up to the job themselves. Boris dived straight into freeze, got fired, Truss didn't have a clue, and Sunak likewise.
@@dagduesund5175 They can still tell Brussels what to do with themselves. As we did. As pointed out, the EU needs them, they don't need the EU.
We are tied pretty close to EU, but they would have no solid power over us in this decision, other than whine about not being happy about something.
Congratulations Norway 🇳🇴 love from 🇨🇦I wish our government would be like your government
Isn't it already? Sounds extremely similar in structure to me:
Norway: Unitary parliamentary constitutional monarchy
Canada: Federal parliamentary constitutional monarchy
with the monarchy part being of a more symbolic/historic value with very limited power.
@@gottagowork we can compare Canada to Norway. Canada is infinitely better. No questions.
@@PauloFerreira-nz3ml If there is no questions about it, then it shouldn't be hard for you to show three relevant metrics where this is the case. Right? Show us.
@@PauloFerreira-nz3mlthe woke is destroying canada
USA is much like Norway IN SO FAR AS TAXATION planned upon the people
Congrats from Australia Norway. Couldnt happen to a better country.
If only we had a state owned resource company
@@embracedmadnessOmg communism😁
@@jarnol2264 That's not communism. Better that resource assets are controlled by govt, rather than corrupt privateers. At least govt can be voted out.
@@flowerpower8722 Unless the government is corrupt, like in most other oil countries
@@nami-3 as a Norwegian the goverment are so corrupt and working for EU and WEF and not for the people
I love Norway. I'm Norwegian American. Born and raised in America. My WHOLE LIFE I thought I was odd and strange, until I started studying Norway. I learned that I'm not alone, and there's a reason I think the way I do. Why don't other Countries learn from those who've done well, thought ahead. Imagine taking the best of each Country and designing the best Hybrid. I mean that's what America is, America's purpose. A place where the WHOLE WORLD can thrive in ONE PLACE🕯
Well done Norway from the UK! The sovereign wealth fund was a brilliant idea. I like Norwegians, so I am very happy for you 🙂
Norway shows what government can do for the citizens if the citizens demand it.
seems like their government is actually made up of people who feel they are normal citizens.
Norway is leading with green tech change and adjusting to future realities to address climate change. They do the right thing and are rewarded for it.
And if you have been selling oil and gas on the international market for 40 years!
Yeah!!! We need's to ask DARTH TRAITOR if he would look out for all Americans like that, the way Norway has done all these years....He will die first but he will also lie to all his sheep's 🐑 that he will do what ever they want...🤦😂
The sad thing is that they will believe him too.... VOTE BLUE PEOPLE FOR DEMOCRACY!!
relax. everything here in Norway is not as great as many people think, for the common man in the street in terms of the government etc. but when it is said and done, we are much better off than many other places such as N America, England and more. But what is going to bite us ordinary people in the ass is the green shift
I’ve been to Stavanger, Oslo and Bodo in Norway. It is a beautiful country with some of the most friendly people you can ever meet. If I had the money now I’d go back in a heartbeat.
😅
I've been to north Norway and I loved it.
I'm going to Stavanger May 2025 for the European Brass Band Championships. Anything you'd recommend in particular in Stavanger to see or do/ places to eat?
yes go to the fisketorget in the city center for fish soup and prawn sandwiches. All the restertaunts along there are amazing good nightlife too @@gerardmccartney3186
@@gerardmccartney3186 definitely bring a group to do the hike up to pulpit rock. Its about 2 hours up so bring good shoes. Depending on your time you could take the boat to Bergen or go hiking at the beaches of Sola. Tons of good places to eat in the city center. If you are there 17th of May thats always fun. 2025 is Stavangers 1000 years anniversary so should be stuff happening for sure.
Australia has been selling off it's natural resources for a long time. Some of that wealth does "trickle down" but it has made others obscenely rich and influential. I like Norway's model.
Norway is very homogenous and Australia is not.
Australia will end up being called Austrachina,to go with Africhina.
we really need to push our government for a similar system... We are getting royally shafted
@@roobysoho or maybe royalty shafted.
norway is unfortunately pushing more and more towards the making a select few people obscenely rich ideology
If handled right it'll probably help them to live long and phospor.
🤣
🖖👍
Everyone likes the Norwegian model until they understand that only a handfull of people will get any benefits from this. While the citizens of Norway get less wealthy for every fucking month. Not since WW2 have the food lines been longer in Norway. It's like sayin Americans are so lucky that Raytheon makes trillions off wars. Good luck getting a dollar of that money
Never jealous to Norway, this is an amazing country and deserves everything it has.
When you are ridiculous rich and then you hit triple jackpot.
Gotta have money to make money 🤷
Marrying a Norwegian is one option,
this
I respect the grind
Country might be rich but we citizens arent doing very well these days.
In nations with lesser national character such wealth would flow to elites.
It does here too , not all, but it does. We too have people living on or below the poverty line. We too have roads faling apart and historical buildings in disreppair, Very expensive to rent, and food and fuel prices has had an insane increase since the plandemic... and not dropped, even if we can afford it.
Sure, Norway is a better place than a lot of others, but we are not without criminals in the top tiers.
Norway ate the rich before WW11
@@Goldenhawk583Not only that, but there is always the question of whether our current government are as capable of handling this natural resource as intelligently as former governments have handled oil.
I for one, will not rule out the possibility of politicians foolishly handing control over to private companies.
@@PropaneWP politicians are humans too, not gods.. I think people forget that.. and not just that.. They picked a career based on their belief that they know better than you, how you should live your life, and they want you to pay extra for that " guidance".
We are cattle to them, make no mistake.
Sounds like a lot of countries in Africa!
I love it when people include the fact that Norway has always been mostly equal and the it is the decision that Norway made that set us apart from other Oil rich nations. last I heard about the Phosphate is that they do not plan to start digging for at least a good while until we know more on how to go about it. and If I know my government they will take their sweet time getting there. But I don't really mind, and I doubt it will change much for the average person anyways but it will guaranteed a stable economy which is good for any nation. and hopefully it means that we can put even more effort into developing new and better technology.
Norway struggles with among the worst distributions of wealth in Europe. Fact. According to experts in Norway, most likely worse than Britain and France. Norwegians have been struggling for years with a cost-of-living crisis and have accumulated among the world's highest debt-to-income ratios. Good for a minority of corrupt vikings expressing the ethics of heroin dealers and fully supported by successive Norway governments. The Norway population ranks among the most exploited in Europe. Farmed like pigs by corrupt cartels and pathologically greedy shareholders.
Unlike most countrys finding something like this we can wait and do it right. For the 2nd time now. For example unlike the UK we had a more stable econemy and could wait with our oil and gas production.
The 3% we can take out from the oil fund a year cover like 20% of the yearly budget now.
No wonder they rush her entering nato $$$$ never enough for these neoconns
@@silentdeath7847 Yes, but Norway's economy is by far the worst in Europe. Norway is a resource-poor petrostate and has to import pretty much everything it needs to exist, including most food. Norway's infrastructure is in a serious state of disrepair and falling apart due to lack of investment. Successive 'frugal' Norway governments have divested from Norway's onshore economy to such as extent the currency (NOK) has been decreasing in value for over 10 years and Norwegians have among the highest debt-to-income ratios in the world. The UK has never been a petrostate, it's economy has always been more than Norway could ever dream about. Norway is officially the world's least self-sufficient nation due to its unfortunate geography and miserable climate. It can't survive on fossil fuels and fish. It would struggle to feed 25% of its 5 million population without importing food. Do the maths. If war escalates, Norway becomes a humanitarian crisis within months. It is one of the poorest nations in Europe by default, had a chance to invest in itself but failed to, because of pathological greed and the curse of oil. Anyone who disagrees is far to illiterate, on so many levels, not just economically, to be taken seriously. The incessant bragging and BS isn't going to save Norway. Better start focusing on things that actually matter.
Egalitarianism in Norway is a myth engineered by romantic nationalists. Norway has among the worst distributions of wealth in Europe, possibly worse than the UK and France. That's according to two experts in Norway, btw. Two economics professors who decided to fact-check wealth distribution in Norway. Nor does Norway have a stable economy, Norwegians have among the highest debt-to-income ratios in the world and the value of the NOK has been declining for over 10 years. It's going to implode at some point. The Norway government will deny it and twitch while Norwegians struggle more and more. They will normalise struggling for you and you'll be gratefully brainwashed enough to comply. Norwegians have always been exploited by pathologically greedy 'vikings' expressing the ethics of heroin dealers. Norway might look 'wealthy' on paper when fudged by cherry-picked and massaged stats no one checks, but is among the poorest by default due to its unfortunate geography and miserable climate on the periphery.
as a Norwegian person im very proud of my country. the country is going very good!
Very informative and well directed and edited. Neat transition to sponsor advertisement. Love it! Greetings from Norway
Jeg kan snakke Norsk og har vaert en Soer-Afrikansk gruvengenioer for nesten 10 aar. Ofte ganske djup: 2500 meter. Kan jeg hjelpe Norge?
I am now sitting here regretting the fact that my Grandfather and Grandmother left Norway.
Exactly the same reaction as a third generation Oregon WW2 veteran who visited Trondheim for the first time in 2008. He just cried!
You can have citizenship by heritage ( quite common) do it
Just move back here. If you are American you will have a blast here 😊
Me too😊
lol
Back in the 1960s my Organic Chemistry Professor told the class that, "Within 100 years Humanity will have to start digging up graves and grinding the bones for enough phosphate to grow crops to feed ourselves". So, a new source of phosphate is very welcome.
That's how many Belgians and British farmers made money after Waterloo battle. The bones of the deads were processed and used as fertilizers at an industrial scale. A well kept secret until recently.
I am into mining. A lot of mineral deposits are still untouched. Not even detected.
@@FR-PL-UA-WARSZAWA. yikes 😢
That's funny. My teacher said back in the '60s that I would be retired by the time I was 35, just goes to show they know feck all but what they are brainwashed into believing 😢
@@FR-PL-UA-WARSZAWA I believe most of the bones were from horses killed in battle. However human bones would have been added to the mix, perhaps intentionally. Human teeth were also recycled into dentures.
We extract phosphorus from wastewater everyday at our facility! The market was so bad for pure phosphorus perils that it costs us $250,000 a year in losses to do it, but we still have to remove it becasue of regulations but no market. SO tell me again, how is Norway so rich with finding phosphorus?
What they have found, is apatite that contains phosfate, vanadium (used in batteries) and titanium. Norway also has found quite a bit of cobolt, Speaking of fertilizer, one of the worlds largest producers of fertilizers, YARA, is Norwegian, and partly owned by the state. It has around 17,500 employees and operations in 60 countries.
Florida’s phosphate miners are highly trained technicians who sit in air-conditioned, 8-million-pound excavators. They unearth some 10 million tons of phosphate rock a year, supplying nearly a quarter of global demand for the “white gold” that helps crops grow.
Florida is home to one of the richest phosphate deposits in the world. For about 140 years, the state has housed a secluded and powerful industry that mines one of three essential nutrients for the global fertilizer market.
If anyone else had this discovery;
Everyone: It's almost as if it was fated by the gods, this gift cannot be squandered, we must extract!
Norway: Oh my, what do we have here? Minerals in my backyard to which I even have the infrastructure set in place for production of said mineral? That favors me extremely but, I have no immediate need for it. Let's keep it in the ground for now.
Norwegian here, we're nto as rich as you'd think. The already rich are extremely rich, same with politicians but a lot of ordinary people struggle w being able to even afford a car, a place to live and to even pay the god damn expensive electricity
I consider to emigrate to Norway, many Germans had already emigrated to Norway. Nice people no trouble getting warm in Winter!
Today's political class in Norway would have given the oil and gas to big companies for a symbolic sum and a few words of praise.... Thank God they were not in power back then.
Norway just have it. Nice people, nice landscape, then Oil and now Phosphate.
Sweden never should have released them
dont forget the thorium. huge amounts of thorium too, just waiting for the reactors to become economically viable
And before that, hydro power. Forget about thorium.
@@geirmyrvagnes8718 hydropower dont export as well as thorium
@@jomar_sl Much easier to export than a product somebody MAY want in the future. Stick it in a cable and it is out of the country. Back in the day, we just used it to make aluminum and nitrogen fertilizer. Both products were easy money if you had cheap electricity. Thorium is currently good for paraffin lamp wicks and other niche uses, and may become useful for nuclear power,. But the profit of mining it in Norway instead of in India? In a world that looks to have huge amounts of cheap renewables and battery storage for backup? Questionable.
Facts.
If you think that the oil fund consists of a lot of oil money, that is not quite right.
1/3 is oil money.
2/3 is return.
The 2/3 is interest earned in the petrodollars. So it is only oil money. What Norwegian exports are made of: Oill and cod fish and probably wood. Nothing else bro. Norway is not a technologically advanced country. It rich in natural resources, nothing else.
@@PauloFerreira-nz3ml Hhaah stop coping kid. "Norway is not a technologically advanced country" haha. Are you american? 2/3 are return of investments. You should learn some more before commenting
@@MarcusAlexanderBS return on principal. That principal was petrodollars. No norway is not a technologically advanced country. Little kid, a couple years ago an American aircraft carrier visited Norway, almost the entire country stopped working just to see the American aircraft.
Again we know Norway because it has oil and cod fish. Can you name a Norwegian industrial product discovered in Norway and made in Norway.
I only remember cod fish and oil these are natural resources.
@@PauloFerreira-nz3ml Technological advancements refer to improvements or innovations in technology that enhance productivity, efficiency, and quality of life. These advancements can occur in various fields such as information technology, engineering, healthcare, transportation, and more. Norway, despite being known for its natural resources like oil and cod fish, has also made significant strides in technology. For instance, Norway is a leader in renewable energy technologies, particularly in hydropower and wind energy. Additionally, Norway has a strong presence in sectors such as maritime technology, telecommunications, and biotechnology.
Norway's wealth is indeed partly derived from its natural resources, particularly oil. The country has managed its oil revenues prudently through the Government Pension Fund Global, commonly referred to as the Norwegian Oil Fund. This fund invests surplus revenues from oil and gas production for future generations. Therefore, Norway's wealth is not solely dependent on oil, but also on the wise management of its resources.
While Norway may not be as commonly associated with technological advancements as some other countries, it has made significant contributions in various industries. For example, Norway is known for its excellence in maritime technology, producing advanced ships and maritime equipment. Furthermore, Norway is a leader in the development and implementation of sustainable technologies, particularly in the fields of renewable energy, environmental conservation, and electric vehicles.
Norway has a diverse range of industrial products beyond oil and cod fish. Some notable examples include:
Maritime equipment and technologies, such as advanced ships, offshore platforms, and marine engines.
Renewable energy technologies, including wind turbines, hydroelectric power plants, and solar energy systems.
Telecommunications equipment and services, with Norwegian companies playing a significant role in the development of telecommunications infrastructure and mobile technologies.
Advanced machinery and equipment for various industries, such as manufacturing, construction, and agriculture.
Biotechnological products and innovations, including pharmaceuticals, medical devices, and biotech research.
No one in Europe are impressed of anything from the US
@@PauloFerreira-nz3ml
Wonder if they have a lumber reserve akin to an oil reserve? 🤔
As someone from Norway, I don't want nothing to do with the EU
We have a lot of leverage. I'm sure we could get a better trade deal outside the EEC
Fantastic very Happy for Norway Thumbs up from Canada
Canada and Norway are good friends largely because of Little Norway in Toronto during World War 2.
I usually joke about maybe a little Viking blood in Toronto, but here I have to be serious. 🤔
Here, the King and Queen are visiting Canada.
th-cam.com/video/1fxgt3Asw1U/w-d-xo.html
Fascinating story. From the stunning landscapes to the historical facts, the Norway video revealed a wealth of information I didn't know before. The quality of the production and the captivating way you presented the story left me in awe. Without doubt, it has been an educational and exciting experience.
the further enriched by the detailed transcription that facilitated a deep understanding of the history. Congrat !! Waiting for more 👍
AI again.
That is all this is - a story. NO truth whatsoever. Total nonsense. Look it up for yourself. Lies.
Good fortune to Norway. They are also very responsible fiscal managers and they can be counted on to mine the phosphate sustainably, unlike many other countries.
Lol that skit over to the VPN ad was absolutely hilarious haha. Congrats Norway!!
Phosphate is also an important ingredient in LFP batteries, currently the best battery type for stationary energy storage, and even getting used for EV's.
Norway is the guy who won the lottery jackpot and still comes into work on monday...
Got to love it when an industry is deemed to create too much pollution, so they move it to another part of the world like that makes it better
That's what happened with refrigerant gas R12......deemed harmful to the ozone layer.
So the plant was dismantled an shipped to India....where they now have an abundance of cheap refrigerant gas. Problem solved.
Ozone layer? What ozone layer?
Yep. Instead of figuring out how to reduce pollution, they just move it to another country a.k.a sweeping it under the rug.
Exactly. Another example - We're in the process of electrifying several Oil&Gas fields (clean hydro power from shore instead of producing it locally on the rigs). So, basically the gas instead will be exported to the continent and used to produce power there. Which in turn will make our own pollution figures more politician "friendly". "We worked hard and met our environment goals (now do start praising us, please)". As if the global environment cares where the pollution is. It's all politics. Everything is politics nowadays, and one consequence for ordinary people is that the price of clean hydro power will increase yet again.
Why did i get the option to rate this comment? Is it random?
@@simper4951 that's strange
Whenever they find these phosphates, I always think of Nauru. Glad Norway at least has less greedy people in charge.
Think again.
Everyone likes the Norwegian model until they understand that only a handfull of people will get any benefits from this. While the citizens of Norway get less wealthy for every fucking month. Not since WW2 have the food lines been longer in Norway. It's like sayin Americans are so lucky that Raytheon makes trillions off wars. Good luck getting a dollar of that money. Try look up GREED in the dictionary, and you will see Norwegian politicians.
If only you knew how wrong your comment is.
while not greedy, all our politicians are deathly afraid of spending our national wealth for fear of potential backlash. Hence why we all have 270k usd per person sitting rotting in a investment fund.
Im an Norwegian. Been working into oil and gas most of my life
So whats the problem with buying gas/diesel vehicles in Norway. Battery power just sucks.
@northdakotaham1752 there is no problem with buying petrol engines.
@@northdakotaham1752 my car has a turbo diesel engine. My Polaris has a 800ccm petrol engine and my outboard boat engine runs on petrol.
@@richardpastoor9336 so what's with all the EVs in Norway? Do Norwegians have jobs? Where do they get all the hours sitting and waiting for a recharge?
@@northdakotaham1752 We have chargers at home you fascist fool
I love Norway.
I was a carpenter at Molde, a beautiful city with an unbelievable view.
I wish I could live there.
Polyhalite has been found in the UK, apparently very rare mineral which could boost food production. Will the British people benefit from the proceeds, I very much doubt it.
WEF rule.
The Norwegian pensions fund also owns 1.5% the worlds stocks, doesn't sound like much but it's making up $16 350 000 000 of the fund.
Your first statement is accurate, but it equals to more like USD 1 100 000 000 000 (70 % of the fund).
As a norwegian I say fuck the EU ..
You are just lucky
Me too. We are ruled by traitors.
Why?
Can you drink oil and eat phosphate?!
I would too if I lived in Norway! Wishing Norway all the best for the future, from U.K. 🇧🇻🇬🇧✌👍🇧🇻
The actual mineable quality phosphate is around 2 billion tons, not 70. It would require massive innovation to extract more. Let’s hope we can.
There is far too much phosphorous around. Phosphorous from crap runoff from chicken farms is destroying one of the UKs premier wildlife habitats, the River Wye. It is one amongst many.
I am envious of Norway and it's people. I am Danish but live and have for many years in Australia. Australia has enormous natural resources but is squandering it away by either almost giving it to private companies for a small licence fee and a little tax or giving tax relief to people so that Australia is in lack of money all the time. It is my opinion that Australia should be the richest country in the world.
Phosphate, they found phosphate
Fantastic! God bless Norway. ❤
Congratulations Norway!
thank you bro 🙏🙏🙏🙏
Just announced? 3 and a half years ago, yes.
He does say that.
at my age that is like yesterday
Thanks for sharing Norway's and Equinor's history!! The Phosphate discovery was news to me!
Thanks a lot from 🇧🇻
Very happy for them. Is a good country and has been for a very long time.
I can only imagine what they find in Canada and Alaska since its still vastly areas untouched
Florida’s phosphate miners are highly trained technicians who sit in air-conditioned, 8-million-pound excavators. They unearth some 10 million tons of phosphate rock a year, supplying nearly a quarter of global demand for the “white gold” that helps crops grow.
Florida is home to one of the richest phosphate deposits in the world. For about 140 years, the state has housed a secluded and powerful industry that mines one of three essential nutrients for the global fertilizer market.
Good for them! I trust they use it wisely.
They won`t sadly, we are ruled by idiots here in Norway.
I hope we never use it. Enormous risk for our beautiful fjords.
@@wiseomg Det er ikke sant.
@@trkk7047Used to have good leaders, like many other countrys but know they are mostly shit
@@fragfen77 According to everyone, every leader in the world is shit. It's not true, they are very educated. If our leaders truly were "shit" we would be in recession right now, but no, our economy is growing. Every leader makes bad decisions, but you must also look at the good decisions.
This is my first time enjoying your TH-cam channel. Great content! Looking forward to hearing more from you! Your video was so informative. Thank you so much!
"JUST FOUND!" only like 6 years since this was discovered and nothing substantial with regards to monetizing it yet. -Norwegian
yeah, only time will tell if this newfound industry becomes viable really
This is not something that is communicated to the norwegian population
Really? I’ve seen it mentioned on several English language blogs from Norway. Did you watch the whole video?
Read Norwegian papers
Because it is not true. Do your research. This channel is full of shit.
As a fellow norwegian, I've never heard about it before ...
As a fellow Norwegian, I have heard about this for years.Norwegian news focus more on what shocking thing some celebrity did, than important geology news. I clicked on the video to see what we had found up around the big white X on Bergen... 😁
it would not be the worst thing, if it stay difficult for a decade or two to extract the phosphate. At some point in the middle of this century the existing phosphate mines will be depleaded the more phosphate is left at that point the better.
Ask the people of Nauru how well phosphate mining did go for them....😂😂
yeah the line is a great idea if you want to make it easier to control the population
Almost a mirror image to the British model, we gave all our resource away to commerce and private money
yup. your goverment could be making more then the norwegian one but thatcher chose to privatise it so the money goes into private hands and not the state
And then there is the discovery of huge amounts of rare earth minerals
A little detail you forgot to mention: Even though Equinor (StatOil) is the main extractor of oil in Norway these days, there are still a lot of foreign companies operating here. However, the profits earned by these companies still end up in the Norwegian governments pockets, as they are taxed at a whopping 78%.
Yep nobody wants those electrical cars
I really enjoyed the profits of our UK oil bonanza! I think I am still paying for it!!
It's not a pensjon fund. Pensjons are paid out of taxes
Some of that interest is available for student loans (Statens lånekassen for utdanning) and other purposes, however it is as you did correctly refer to it as the soverign wealth fund.
Thanks for the interesting
and informative video.
-Gabriel of Norway.
Having something made elsewhere does not reduce pollution, it just means the pollution is somewhere else, like the profits. This is like paying your neighbor to burn your leaves so the smoke is in his yard.
Had to pause at 2:03, mainly because I know that picture very well.
Good for Norway!
One more thing about Norway... They have some of the best action and disaster movies going. Troll is a masterpiece. They're always on Hulu or Netflix.
What makes the northern countries so wealthy in my opinion is the climate. Living in an environment where you have to take life seriously this spreads into other facets of their societies, it effects decision making so much and how crucial it is to make the right choices it means they more often make the right choices.
That is engrained in our biology due to evolution; the ability to delay gratification, plan and prepare for the future has everything to do with where we evolved
Huge amounts found in England on the north East Coast between Scarborough and Whitby about 10 years ago don't know whether they've started mining there yet.
I hate how people talk about norway and thinks everyone here is rich but infact most people in norway are struggling with money because of how expensive things have gotten
The correct pronunciation of Stavanger just made me subscribe. 😂
True. As a Norwegian, I was very impressed.
That doesn't change a thing, I still have to get up and go work hard like everyone else in this country.
Fortunately for you! Unlike rich but lazy, unknowledgeable and unemployed citizens of certain oil producing countries. You may not go back to a palace in the evening. Only to a decent, safe and clean suburb. Norwegians don't work too hard. Just efficiently. They seem to hate shows of useless efforts. Even your state bureaucracy is quick and human.
@@FR-PL-UA-WARSZAWA you have no idea what you are speaking of ☝😄
@@santoSGetaway Han har mye rett her, vi jobber generelt 7.5 timer i døgnet i Norge. Oss har sterke lover som holder det på plass i forskjeld til mange land er det spesielt sett verden rundt, hvordan klarer vi å konkurere med andre som jobber dobbelt så mye? jo akkurat fordi det er effektivt. Det er også veldig trygt, en av de tryggeste plassene i verden. Tror kanskje du har blitt litt bortskjemt
@@santoSGetaway In other oil rich countries people laze about for 5-20 years and then are suddenly dirt poor in a failed state, congrats on being able to live a normal but well of life instead of a luxurious short life.
EU doesn't allow highly controlled and high-tech max envirement friendly mining. But it is ok if some other country do it without any environment safety and by polluting everything.
That's really "smart" and "sustainable"! 👌
They call it Not In My Backyard, or NIMBY, and it does indeed make things worse.
@@laughinggiraffe9176 in the same time EU condemn them for pollution.
As one Chinese said - you move all your polluting factories to my land and teach us how to be green.
@@edgarLV No one is forcing China to do all this manufacturing. If they were so upset about it they could stop today. But they won't, not because the EU is forcing them, but because it benefits them.
@@Newbyte not only benefits them but its neccesary for them. China has nothing of value to export realy. They have to be the factory of the world to make money. And India is starting to take big chunks of that from them. India will be the next world factory
When natural resources are found, all prices skyrocket. It happened when Angola found oil: a 0.5 liter water bottle cost $10!! I think Norway has the same experience despite their Future Funds.
Pewds won't be happy to see this
As a Norwegian, the EU should "fuck off" when it comes to Norwegian politics.
Vi er i EØS-avtalen
As an EU citizen I think that Norway can handle this perfectly on their own and indeed there is no need for the EU to bud in. It won't be 'helpfull' in any way for anybody. The EU needs to handle their own affairs, where a lot has still to be done.
Yea, would be great to be cut of from the European inner market 😂 We can just close or borders and let the world fuck of, eat fish, make electricity, and harvest oil... Without our deals with EU our exports to Europe would be very small and we would depend on other markets to sell our merchandise.... Nah I believe we have a nice deal....
About "The Line" I hope it was a joke. The rest of the video tho, great work!
It was a joke
@@HindsightYT you almost got me googling investments that the Norwegian fund backs..😂
@@HindsightYT Phew! That's what I thought!
Good for them as they manage it correctly and good on the Government putting money into Pensions. This is what should be done.
Holy schlitt. Yesterday Norway announced they found 9 million tons of Neodymium in Nome, Telemark. It's getting better and better
And still I'm losing my home and going bankrupt because of the constantly increasing prices and taxes, thanks Norway.
Phosphate has also been discovered in UK and extraction is starting already
Would that be in north Yorkshire ?
I'm sure more phosphate is gonna pop up all around the world as surveying improves.
The UK has a similar resource offshore (North Yorkshire). I giant mining project is underway now based on land so the UK should be even richer, but as ever all the wealth will go to multinational conglomerates and the global elites. The Nation and the locals will see next to nothing of the profits.
Strangely, the video entirely overlooks the dread fact that rock phosphates used as “fertiliser” contain radioactive elements which are source of prolific and increasing cancers in humans and animals.
In addition to uranium, plants absorb the following radioactive elements from rock phosphates:
radium-226
radon-222
polonium-210
lead-210
Amongst the types of radiation, alpha radiation is especially causative of the deformation of DNA (molecular deoxyribonucleic acid) and resultant cancer.
Human and animal bodies are made up of cells which replicate before ageing and dying off. DNA within the nucleus of cells is the genetic information ‘blueprint’ from which new cells replicate. Whereas toxic chemicals can injure or destroy cells, radiation interferes at the nuclear atomic and molecular level, deforming the genetic DNA structure. When genetic information controlling cell replication is deformed, cells can over-replicate and grow into malignant tumours . Radiation produces many grave conditions in the human.
Following the nuclear explosions at Hiroshima, Nagasaki and Chernobyl, the consequential disease of epidemic proportions in the nearby populations, characterised by widespread ill-health and reduced immune-system efficiency, and by leukaemia, mental and physical handicaps and deformities, teratoma (congenital tumour), teratogeny (production of mutant monsters), Siamese (conjoined) twins, birth defects, was (and is) due principally to alpha radiation.
Infertility and teratogeny result from irradiation of DNA within sperm and ova. Unborn infants receive leukaemogenic and carcinogenic doses of radioactivity via the mother’s bloodstream. In the examples mentioned, extreme doses of radiation produced immediate overt results.
The harm from radiation derived from phosphates, though not so easily understood and obvious as that which is associated with a nuclear explosion, can be nonetheless injurious and fatal. Scientists recognise the danger to living things from beta radiation emitted by lead-210, which has a radioactive half-life of 21 years. However, Alpha radiation can be twenty times more damaging.
See: Radioactivity in plants was first established and researched by Vilma Hunt at Harvard University, as long ago as 1964.
See: U.S. National Institute of Health Study, Lancet, Sept., 1983.
See: Study by Dr. Takeshi Hirayama for the Tokyo Institute of Preventive Oncology.
This is complete alarmist nonsense.
Explain yourself
@@rogerphelps9939
Talking of toxic plants, years ago I heard the bracken, true or false ?
@@rogerphelps9939, in your opinion.
Proud to be living here.
What a nice video you made!
For those wondering about the comment of paying $10 for a beer, he's not lying. If you go to a bar or a pub, one beer costs around $10, often even more.
On the other hand, we also have higher salaries than, say, the USA, but even we Norwegians think it is expensive.
Because of this, most people will go to vorspiels, which is basically a smaller party before the big party or hitting the town, as buying beers from grocery stores is a lot cheaper (around $3.25 per beer) than at the bar or pubs,
1:06 the number is hugely inflated. We are talking about a mineral that contains a little phosfate, not phosfate itself. Also; very little of this is economically and practically 'minable'. This is not a big deal in norway, and most likely will never be....
It is no doubt an enormously big deal, even if it's not twenty oil funds worth of enormous.
It also contains some rare Earths from what I understand.
If prices go high enough (and in case of scarcity they will) then these deposits will become viable.
Yeah the main issue is cost of extraction and refining it would be a marginal investment Unless it is high grade Discovered 3 years ago and there's no pilot project yet not even a feasibility study
If phosphorus rock has the power to make a country super rich, why is Morocco not amongst the wealthiest countries on earth?
@@mmaximk
Because natural resources only makes a country rich if it's organized to distribute and/or save the resources instead of mainly making the resources in question available to the elite.
It's a problem similar to the oil curse.
and we have polyhalite I believe its called and the mine is already built. Amazing how quiet the UK press has been about this considering the value and benefit to food production.
That's the downside of globalization no one talks about; not the offshoring of jobs, but the offshoring of pollution.
Due to environmental concerns EU is blocks phosphate refining in Norway (who has good environmental regulations) meanwhile buying refined phosphate from China (who has poor environmental regulations). And then gives themselves a pat on the back about how good they are.
It's a very valid point that almost no one talks about. Every now and then, after patting themselves on the back, they say China is the nr. 1 polluter in the world. Of course no one is mentioning that there are thousands of factories owned by Western companies in China. Now that China woke up, like it did when it ban the trash imports they are blaming China for being a bully. Of course, other "friendly" countries had to import western trash after China refused.
In Norway you are not allowed to buy beer in regulare stores after 8 pm on weekdays, or 6 pm on saturdays. So we are in a way still living in the 1920`s.
I am Norwegian and I approve of this discovery(yes we are extremely lucky:)
Damn.
I heard of this somewhere else.
But this confirms Norway is going to help guide the future.
I hope they can maintain this wealth smartly and continue investing smartly!
There are a couple of video's about it on TH-cam. Not everyone is happy about it.
I hope Norway doesn't let the phosphate mining companies do to Norway what they did to Florida
What did they do to florida?
@@TetrzLesonduclairon-qb7cn they left big holes in the ground and when the hurricanes come the acid ponds overfill before the EPA got involved we live across the alafia river from the processing facility and we had to get the car repainted every year the plant up river retention pond collapsed and spilled a few million gallons of acid water in the river and killed all the fish and now you can't swim in it because of the pollution on the floor of the river
@@roberthepburn-gr4fq I heard about the Piney Point phosphate plant that IIRC released over 200million gallons of untreated wastewater into the tampa bay in 2022.