Norway’s growing $2tn oil empire and Venezuela’s lost opportunity

BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 10.Sep.2026, Words: 130) — Impressive total market value (2024) of 19.7T NOK in Norway.

This, according to the Norge Bank Investment Management‘s market value growth since inception

“This image of Norway’s sovereign wealth fund fills me with deep envy and sadness,” Summa Consulting director AsdrĂşbal R. Oliveros said on 10 Oct. 2026 in a post on social media. “Venezuela’s lost opportunity. What we could have been…”

“I hope Providence grants us another chance to build a country that harnesses its resources and creates well-being for its people,” said Oliveros, one of Venezuela’s leading economist, if not the best.

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By Steve Stewart reporting from Baton Rouge. © 1999-2026 Energy Analytics Institute (EAI) and its 100% owned Venezuelan affiliate Editores Latin Petroleum CA. All Rights Reserved.