some other good ones

Not sure what point you’re making, but it is indeed invested in a bunch of companies.

It’s all listed here. Microsoft, Apple, Nvidia, Google/Alphabet, Amazon, and Meta are the biggest ones. Nestle, Exxon, Shell, UnitedHealth, and Tesla are some other good ones if you’re looking for evil companies.

Money is taken from the sovreign wealth fund every year. However, it is not taken from the savings, but from interest. A maximum of 3% of the funds value can enter the budget, as decided by the budgetary rule.

Oil also makes people richer because it provides industry and jobs.

However, the reason people can afford electric vehicles is that they are excempt from value-added tax. VAT on new cars is quite high in Norway, so if this shaves $40 000 off the price of a new car it obviously makes them more lucrative by comparison.

It’s a political decision, it’s not that all Norwegians walk around with fuck you money and buy the most expensive cars on the market just for fun.