You won't believe what Norway just found! 

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It couldn't happen to a nicer country! Congratulations to Norway!

Wonderful lovely Norwegians. Be wise with your good fortune. Do not import problems from those that hates you .

As a EU citizen, I think the people of Norway should decide how to deal with their natural resources, not the EU.

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

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.

Congrats from Australia Norway. Couldnt happen to a better country.

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.

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!

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.

Norway shows what government can do for the citizens if the citizens demand it.

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.

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

In nations with lesser national character such wealth would flow to elites.

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

Whenever they find these phosphates, I always think of Nauru. Glad Norway at least has less greedy people in charge.

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 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.

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.

Im an Norwegian. Been working into oil and gas most of my life

I am now sitting here regretting the fact that my Grandfather and Grandmother left Norway.

When you are ridiculous rich and then you hit triple jackpot.

If handled right it'll probably help them to live long and phospor.

Statoil still exist yes, but is now named Equinor since 2020

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.

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.

Very informative and well directed and edited. Neat transition to sponsor advertisement. Love it! Greetings from Norway

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.

Norway just have it. Nice people, nice landscape, then Oil and now Phosphate.

Lol that skit over to the VPN ad was absolutely hilarious haha. Congrats Norway!!

Thanks a lot from 🇧🇻

This is my first time enjoying your RU-vid channel. Great content! Looking forward to hearing more from you! Your video was so informative. Thank you so much!

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.

This is not something that is communicated to the norwegian population

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.

Proud to be living here. What a nice video you made!

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 👍

Congratulations Norway!

I love Norway. I was a carpenter at Molde, a beautiful city with an unbelievable view. I wish I could live there.

Fantastic very Happy for Norway Thumbs up from Canada

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.

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.

Excellent report!!

Lofoten is so beautiful. I haven't been on holiday for ages. I loved it there.

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.

Excellent! Happy for Norway!

I consider to emigrate to Norway, many Germans had already emigrated to Norway. Nice people no trouble getting warm in Winter!

Just announced? 3 and a half years ago, yes.

Good for them! I trust they use it wisely.

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 🙂

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.

I can only imagine what they find in Canada and Alaska since its still vastly areas untouched

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.

the dig at MBS at the end ridculing The Line was superbe.

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.

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....

The UK recently found these deposits too. We are on the same geo shelf.

Uff-da by golly... Great news for Norway!

I really enjoyed the profits of our UK oil bonanza! I think I am still paying for it!!

Fantastic! God bless Norway. ❤

Phosphate has also been discovered in UK and extraction is starting already

As someone from Norway, I don't want nothing to do with the EU

As a norwegian I say fuck the EU ..

Very happy for them. Is a good country and has been for a very long time.

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%.

This and swedens rare earth minerals findings in the north maybe will do some good changes in the future.

Very good video. Thanks for sharing.

And then there is the discovery of huge amounts of rare earth minerals

12:18 I can see this working if they have a high-speed conveyor belt or something similar on both sides, with two train tracks in the middle for high-speed trains, with the former having several stops on both sides, and the latter maybe half as many stops. Cars would probably be worthless, though I guess that depends on how wide they make the "line."

Almost a mirror image to the British model, we gave all our resource away to commerce and private money

Good for Norway!

I'm not an extraction expert but I did stay at a Holiday Inn. It would seem they could safely extract the phosphate ore with newer methods to avoid water contamination

Super interesting thanks.

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"! 👌

Pewds won't be happy to see this

That line city is going to be a hell on earth in couple of decades.

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.

About "The Line" I hope it was a joke. The rest of the video tho, great work!

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.

as a Norwegian person im very proud of my country. the country is going very good!

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.

Good for them as they manage it correctly and good on the Government putting money into Pensions. This is what should be done.

Phosphate, they found phosphate

Just a correction, the Equinor headquarters are not the ones showed in this video at 5:48. This is the Oslo branch which is the smallest of the big office locations with 1600 employees. The HQ in Stavanger has 6000 and the Bergen office 3000.

The correct pronunciation of Stavanger just made me subscribe. 😂

That doesn't change a thing, I still have to get up and go work hard like everyone else in this country.

Glad to hear it, I’m a Flolid living in Utah/USA. With relatives in Norway.

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

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.

super soil can be made via rabbit droppings, mixed with chicken droppings. allowed to compost to cool, then fed to earth worms, then there is zero need for mined fertilizer.

Just spent 3 weeks in this stunning country. What a great county.

Yep nobody wants those electrical cars

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!

@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

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 they have an amazing music scene. Never been there,but my nephew loves to visit Norway every few months. So,i'm kinda educated

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.

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.

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.