You won't believe what Norway just found!
Make sure to check out CyberGhostVPN using: www.cyberghostvpn.com/Hindsight. Risk free for 45 days. Thanks to CyberGhost for sponsoring the video!
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.
FULL TRANSCRIPT + SOURCES:
docs.google.com/document/d/1V...
MAIN SOURCES:
‘Great news’: EU hails discovery of massive phosphate rock deposit in Norway (Euractiv):
www.euractiv.com/section/ener...
Norway’s oil history in 5 minutes (Government.no):
www.regjeringen.no/en/topics/...
This video contains a sponsored section.
3:23: start sponsored section
4:29: end sponsored section
#norway #phosphate
Make sure to check out CyberGhostVPN using: www.cyberghostvpn.com/Hindsight. Risk free for 45 days. Thanks to CyberGhost for sponsoring the video!
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$$!
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.
@@suzyschwarz7023 Of course, the antiwhite programming doesn't originate from OUR people (even if some of our own people then start to believe & reproduce the programming). It originates from a tribe of people who physically resemble us (to a degree), but whom actually see themselves as a separate race. But if you name them, they'll try to punish you.
@@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
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.
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
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.
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.
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
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
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
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
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.
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.
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
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!
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
In Norway we are being told we have to work even longer because pension is tonexpensive ( we pay in all ouer life) Migrants get more than a person born in Norway with a regular job. Electrisity prices has sky rocketed , doing to ouer politicians eger to do everything for EU , and we pay prives who has rised thousends of prosent. We have been over 8 krone kwt and Germand railroad dont pay more than 30 øre. This land is corupt.
they dont. All what your claiming is false. You think an immigrant gets more than what an average sallery in Norway is? If so i want try the meth you are smoking XD
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.
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.
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.
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.
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-FUVI. 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-FUVI 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?
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.
Statoil still exist yes, but is now named Equinor since 2020
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!
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? 🤔
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.
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
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).
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.
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... 😁
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 live in norway. Both my wife and I have low paying jobs. Barely making enough to make ends meet. Can't afford new clothes furniture car vacation etc. The government and a few elites have plenty. The rest of the working class are struggling.
so get a better job. leave low paid jobs for students etc. Its not hard with free education and all that
Lol that skit over to the VPN ad was absolutely hilarious haha. Congrats Norway!!
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.
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
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.
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.
This is my first time enjoying your KZhead channel. Great content! Looking forward to hearing more from you! Your video was so informative. Thank you so much!
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.
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.
Congratulations Norway!
thank you bro 🙏🙏🙏🙏
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 love Norway. I was a carpenter at Molde, a beautiful city with an unbelievable view. I wish I could live there.
Just announced? 3 and a half years ago, yes.
He does say that.
at my age that is like yesterday
Thanks a lot from 🇧🇻
I consider to emigrate to Norway, many Germans had already emigrated to Norway. Nice people no trouble getting warm in Winter!
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. 🇧🇻🇬🇧✌👍🇧🇻
Fantastic! God bless Norway. ❤
Proud to be living here. What a nice video you made!
It's a bit sad-Norway as one of the richest countries but people struggle more that ever in this century. Than who profits from this?!?
every country has higher prices now. just be thankful that you also have one of the highest sallaries in the world. Like me i make 60usd pr hour doing concrete construction in Norway. You dont make that kind of money doing that job anywhere else in the world. I am paid more than doctors in most of the world
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
I really enjoyed the profits of our UK oil bonanza! I think I am still paying for it!!
Lofoten is so beautiful. I haven't been on holiday for ages. I loved it there.
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%.
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.
Very good video. Thanks for sharing.
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
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. kzhead.info/sun/ZMqxl9hreKWtZI0/bejne.html
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.
Very happy for them. Is a good country and has been for a very long time.
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.
Hoi, goeie video. Ik heb nog niet eerder een video van je/jullie gezien maar ik kan horen dat je/jullie ook uit Nederland komen 🙂
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.
Excellent! Happy for 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.
And then there is the discovery of huge amounts of rare earth minerals
Good for them as they manage it correctly and good on the Government putting money into Pensions. This is what should be done.
Klinkt heerlijk Nederlands XD Maar goeie shit ! Alles komt er bij, ook hoe het samen hangt met andere grondstoffen, hoe de landen er mee om gaan en sowieso hun handel regelen. ZItten nogal flinke verschillen in.
The main purpose of the Sovereign Wealth Fund (what he called the pension fund) is to keep the economy of Norway on an even keel. If you pumped all that money into the Norwegian economy inflation would explode…..€1000+for a glass of beer….and the economy would collapse.
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.
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
Thorium could become Norway's next energy adventure The Fens field in Telemark may contain one of the world's largest thorium deposits. According to a recent study, the energy content can be 120 times higher than in all oil and gas in the Norwegian sector.... Hehe,,, and that's in addition to 80 billion tonnes of phosphate found in Rogaland county!!! Conservative value 50 trillion dollars and upwards... good to be norwegian!
The big issue with nuclear energy is that the research, development and construction is ridicilously expensive, and was in very large parts funded by military research for operating submarines and enriching uranium. While a lot of the heavy lifting has already been done, there is still a long way to go to make thorium reactors of the same quality as gen4 uranium reactors, and without the military footing most of the bill, it's simply not profitable against solar, wind and hydropower. If there is a surge in energy demand in other regions that is not met by cheaper sources, then research and development on thorium might start back up again, but for now, it's dead in the water
I am part Norwegian, and I am thrilled for those of you who stayed. We left, but we have much love for you.
When Thorium gets going for real then all the worlds energy issues and fighting around it will be a thing of the past.
❤Niiiice ❤well done ❤from Canada ❤
Excellent report!!
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.
Uff-da by golly... Great news for Norway!
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.
Yep nobody wants those electrical cars
Good for Norway!
How typical of the EU: to attempt to stifle a nation's economic progress through regulations and bureaucracy; even though Norway is a not a member of the EU, it is a member of the EEA.
Norway deserves the regulations. Our government is doing the same towards us people
@@mikaaikio7296værste sprøt jeg har lest på lenge . stikk fingeren i jorden så vil du oppdage av vi har det jævla bra iforhold til resten av verden...
You really do not know how the EU works. Google before you post ffs...you have just made a fool of yourself.
We in Norway are friends with EU but (we do want we want) and “asking” EU if it’s okey. But in Norway we think about the nature and what do we need or what can we use if we don’t have oil in the future.
As a Canadian it hurts me to see Norway doing so well... but I'm truly happy for them. It just hurts me because our Liberal government is trying to do the complete opposite with Canada!
This phosphate story is ridiculously overblown by various YT channels, based on really sloppy journalism when the news broke a few years ago. In Norway, most people haven't really heard a lot about the whole thing. It is not a big deal at all. Yes, there are resources in the area, possibly big, but the numbers in this video are kind of silly. And I still struggle to find the sinister EU link in real life. Many EU countries are ready to import phosphates and rare earths if and when this mining starts, and the production must be based on shared environmental regulations. But as per 2024, no framework for a future exploration exists. I think a lot of people mix this mining with the proposed test-mining of seabed minerals. Those plans are controversial in many EU countries, but even more controversial in Norway.
The correct pronunciation of Stavanger just made me subscribe. 😂
True. As a Norwegian, I was very impressed.
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.
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,
@hindsight host what data do you reference when you claim Libya had less social equality? I from my understanding Libya had some of the highest HDI in Africa under Khadaffi thanks to oil
Was next door in Egypt, when GADDAFI was in POWER. Everyday thousands of Black clad women would line up, trying to get into EGYPT. He tortured them beyond belief, as an American who speaks Arabic, believe you would gag at the stories they told. Was there and saw him for what he was, EVIL.
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 KZhead. Not everyone is happy about it.
Yet increased ammounts goes to the state and they constantly cut literally everything we pay tax for. Even if we pay like the most tax of all
Never jealous to Norway, this is an amazing country and deserves everything it has.
The narrator misses the point about the oil curse. Selling a single dominant product for export artificially inflates the value of the local currency, making all other domestic products too expensive to compete globally. (eg Russia) By investing in a sovereign wealth fund, Norway is constantly purchasing stocks in foreign companies. This has the advantage of counteracting the overvaluation of their own currency, which allows Norwegian exports to be competitive while also building up a rainy day fund. Norway was always keen to use private sector efficiencies for oil development- that they also created a state-owned company is not unique or unusual. Lots of oil rich countries do that.
And I thought they only had sardines , Whod a thunk it ?
No more sardines canned, sadly. If you are referring to King Oscar, they are canned in Poland, I believe. Only a few products that are extremely perishable outside of a can are still canned in Norway.
The UK has similar phosphate reserves and is currently building the infrastructure to extract it. The Saudis have started to build the “Line” already as part of the Neom project but it’s nothing to do with Norway.
"The line" is gonna be one of the most hilarious failures of world history... Its gonna be fun to watch...
Yeah that last part caught me completely off guard! Talking about foreign aid and then jumping to Saudi's Line??
The UK recently found these deposits too. We are on the same geo shelf.
Not only the richest , they are the smartest. Reinvesting natural resource profits is beyond intelligent. Canada spends it before they have it like a drunken sailor , but if it were invested we would probably be as rich as the Norwegians. A resource rich country like Canada should never run a deficit and should be building a sovereign wealth fund that cannot be touched by politicians. Everyone should be looking at Norway!
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.
UK squandered it's oil reserves while Norway kept the ownership and invested the money into it's own people and luctrative businesses.
I lived in UK in the 1970s and I can tell you that the massive expenditures were not all squandered. England particularly is significantly better off now because they spent the money. They don't have Norway's minuscule population so a sovereign wealth fund of that per capita scale would simply have not been possible.
"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
Glad to hear it, I’m a Flolid living in Utah/USA. With relatives in Norway.
Loved your video .. right till the end you said .. a city in the form of a very long line, a fabulous idea .. are you kidding, it's a dystopian nightmare.
It’s a joke
It's not a joke. They are already building it. It's part of Neom, a project named 'the Line', a linear city of 170 km and 200 m wide. It's supposed to be large enough to house 9 million residents within walkable communities. It's being built along the Red Sea coast of Saudi Arabia. These are all megalomaniacal projects, just like the kilometer high tower in Jeddah, so it remains to be seen how it ends, but they are working on it.
If the EU tries to "stand in the way.." we'll soon be seeing a rapid Nexit jumping on the _exit bandwagon.
We dont need to exit what we never joined, atleast thats the official story:P
Not in EU