Norway and Alberta both struck oil. Only one got rich - the other is still stuck in a budget crisis.
This is the full story of how two oil booms led to two very different futures.
🔹 Norway built a $1.6 trillion sovereign wealth fund.
🔹 Alberta created the Heritage Fund... and then spent it like payday was forever.
This isn't just about oil - it's about leadership, long-term vision, and what happens when you treat natural resources like a bottomless ATM instead of a once-in-a-generation gift.
In this Bigger Table breakdown, we compare:
📍 The discovery of oil in Alberta (1947) vs. Norway (1969)
💸 How Norway's fund became one of the largest in the world
⚠️ Alberta's boom-and-bust budgeting and why it keeps happening
🔍 The political choices that led to radically different outcomes
💡 What Canada (and every province) could learn before the next boom
This is not about blame - it's about facts, choices, and consequences.
If you think Canada deserves smarter leadership and long-term planning, this video is your starting point.
📢 Share this video with someone who thinks oil alone guarantees prosperity.
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Video Segments
00:00 Introduction
00:17 2 Different Economic Plans
00:48 Diverging Economies
01:27 Key Rules
02:25 Norways Future
