Yeah it’s hard not to associate it with muskrat.
It’s good to see states whose wealth has been built on hydrocarbons recognising that change is coming. Any dividends from this will probably go Norway’s citizens too. Because Norway are cool like that.
Yup they reinvested a lot of the oil money back into their country and population whereas we in the UK (Scotland) had it squandered.
Squandered? Surely the benefactors wouldn’t call it that.
Look at the Iranian mullahs for a more in-your-face example of what usually happens with the oil money.
Don’t get high on your own supply, as the saying goes.
Norway has an actual tax schema for corporations centered around VAT. So companies actually do pay taxes. Salaries/wages are also generally high. They are investing massively into tech to diversify from fossil fuels.
Coincidentally they also discovered massive phosphate deposits
Still, things are changing and there’s plenty of silicon valley types and Elon fanboys. The rightward shift of the last 20yr has also hit to some degree. But there is still a strong left which is helping to weather that.
All in all a significantly better condition than in the US even though their prosperity is directly tied to US oil industry.
Having an honest and effective left must put Norway in such a minority. If I didn’t have such deep roots here in the UK I would love to live there for a while and see what it’s like.
Is gigafactory just like a word we have to live with existing now?
“annual capacity of 1 GWh”
He names things like I named my 90s teenage AIM accounts.
Who? Norway?
Elon. Tesla came up with the name of these things.
But it’s called a gigafactory because it produces 1 GWh.
Also it’s 1000x bigger than a mega factory. We know this because if it was 1024x bigger, it would be a gibifactory.
Hmm, so a regular factory is 1/109 the size of a gigafactory? The one in Texas is 10M ft^2, so a regular factory would be 0.01 ft2, 1.44 in2, or 9.29cm2. Seems legit.
It’s going to be confusing when we get to terafactories and then petafactories. One pumping out Halloween joy and the other filled with llamas and stuff.
It’s basically the gigachad of the factory world.
