Being a net importer, means the US consumes more than it produces. It vaguely makes sense because it is still a growing county.
Norway’s oil fund protects the domestic economy from the negative consequences of being an oil exporting nation. Less kindly, you could call it currency manipulation. The US would be ill-advised to do like-wise, given its import surplus.
I think that has more to do with the economics than the availablity in most cases
Being a net importer, means the US consumes more than it produces. It vaguely makes sense because it is still a growing county.
Norway’s oil fund protects the domestic economy from the negative consequences of being an oil exporting nation. Less kindly, you could call it currency manipulation. The US would be ill-advised to do like-wise, given its import surplus.