The credit union industry now mirrors the wealth gap in America. This is not sustainable for the future of the movement. We have become too focused on short term profits. By investing in new de novos we are building a growth engine for the future. America needs more financial cooperatives, not less. We need your support. #peoplehelpingpeople
CEO & Founder ROX Energy Capital | 3rd Generation Oil & Gas Operator | Energy Investment Solutions | Host of Oilmen Podcast | Daily Energy Market Intelligence to 8,800+ Professionals
One decision in 1970 created a $1.3 trillion wealth gap between two nations. Here's how Norway's oil strategy crushed the UK's approach: In 1970, both nations discovered massive oil reserves in the North Sea. The UK chose privatization, selling their oil rights to companies like BP. Norway took a different path - they kept 50% ownership of every oil field and created a sovereign wealth fund. Every dollar of oil profit went into this national savings account, with strict rules: ? Only 3% could be spent per year ? The rest was invested for future generations ? The fund could never be drained for short-term gains The results today are staggering: Norway's fund is now worth $1.3 trillion – about $150,000 per citizen. They own 1% of ALL stocks globally. The UK? They collect just ￡0.2 billion annually from North Sea oil. Norway? ￡9 billion - 45 times more revenue. The impact on citizens is clear: Norway provides: ? Free education ? Free healthcare ? Comprehensive social services ? A massive financial safety net But here's the real kicker: As oil production declines, the UK faces a $51 billion cleanup bill for old wells. Norway's fund will cover cleanup AND provide for citizens for generations. In my 35+ years in oil & gas, I've seen this pattern repeat: Quick profits VS long-term value. Norway understood what my grandfather taught me in the oil patch - success isn't about fast money. It's about building sustainable value that benefits everyone. While banks offer 2-3% interest and markets swing wildly, our energy investments provide fixed 10% yearly returns, paid monthly. It's "mailbox money" that beats inflation and provides steady retirement income. - If you enjoyed this post: ?? Reshare this for others who might find it useful ? Follow me, Adam Oxsen ?? Share your thoughts below ??