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I'm afraid that it is beyond the realm of possibility for most nations to do anything like this.
The NPF (check the links in the left-hand margin) invests a certain portion of the state's income in this fund.  The state is running a huge surplus due mainly due to income from the oil (and gas, to a lesser extent) production in the North Sea.
Given the current crude prices, the surplus is beyond any previous (conservative) budget.
by ask on Thu Aug 18th, 2005 at 09:04:31 PM EST
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I'd love to think that economic lesson-giver Britain had done something intelligent like this with its share of North Sea oil, but..?
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Aug 19th, 2005 at 04:18:21 AM EST
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Thatcher blew most of the money on tax cuts and randomly quirky economic policies... Our infrastructure (e.g. trains, water, etc.) show the scars to this very day.
by Metatone (metatone [a|t] gmail (dot) com) on Fri Aug 19th, 2005 at 05:53:17 AM EST
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