Norman Hunt

Travel Enthusiast / Polite Brit / Generally irritated by those seeking to divide us 🇬🇧🇪🇺

[Norman Hunt @BourbonBunts]

@johnredwood Is it standard practice for an (ex) MP to always overlook their own efforts?

[Greg Scott @GregScottTV]

Was just sent this.
The England team… But all as Alan Partridge.
Sound on…

[Mike Rowe - aka Chorizo @camschorizo]

Bosnian fans are amazing, the opposite of US Soccer fans. They bring joy and excitement while AO brings stupid chants.

[Norman Hunt @BourbonBunts]

@johnredwood But GBNews is trustworthy? Incredible.

[Norman Hunt @BourbonBunts]

@johnredwood @hmv666 Solar picked up during daylight hours you say?

[Norman Hunt @BourbonBunts]

@johnredwood You’ve forgotten who pushed borrowing so high, cut defence spending and introduced net zero.

[Norman Hunt @BourbonBunts]

@colmflynnire @edwardlucas @BaronBiff77 This is good to see 🙌🏼

[Norman Hunt @BourbonBunts]

@johnredwood @facts4eu @GBNEWS Interesting take. Do you just ignore the impacts policies you’ve championed had on British farming?

[Norman Hunt @BourbonBunts]

@johnredwood The offer of talks from Zelensky himself was declined by Putin. Would you like our PM to repeat the same offer?

[Norman Hunt @BourbonBunts]

Happy Monday everyone 👍🏼

[Norman Hunt @BourbonBunts]

@bigdikky5 Great country too. Would imagine Sarajevo will be a fun place to watch matches this summer.

[Norman Hunt @BourbonBunts]

Bosnia’s World Cup song is a banger 🙌🏼🇧🇦⚽️

[Jack Prandelli @jackprandelli]

Norway and the UK drilled the same North Sea.

🇳🇴Norway got $2 trillion.
🇬🇧The UK got tax cuts.

Same basin,Same era.... Completely different outcomes.

Norway captured $30 per barrel in government revenue. The UK captured $11.

That gap, compounded over 50 years of production, is the entire difference.

Norway's model was simple: tax heavily (78% marginal rate), take direct equity stakes in fields via the SDFI, own part of Equinor, and put everything surplus into a fund invested abroad.

The Government Pension Fund Global now holds over $2 trillion in assets.
That's $390,000 per Norwegian citizen about 1.5% of all listed equities on earth.

The fiscal rule: only spend the 3% annual real return. Never touch the principal.

The UK started producing earlier, at lower prices, with a lower tax rate (40%) and no saving mechanism.

North Sea revenues flowed straight into the general budget.

Economists estimate the UK missed out on roughly £400 billion compared to a Norwegian style regime.

The windfall largely financed tax cuts in the 1980s rather than a fund.

Where things stand in 2026?

Norway's petroleum sector will generate $63 bn in net cash flow this year alone feeding a fund already large enough to cover 10-15% of the national budget from returns alone.

The UK is a net energy importer.
Since 2021 it has paid countries like Norway more than £100 billion for gas.

One country treated oil as a finite resource to convert into permanent financial wealth.

The other treated it as income.

image source:eia

[Norman Hunt @BourbonBunts]

@johnredwood Pretty disingenuous again John. Are you on a payroll for one of those privatised gas companies?

[Norman Hunt @BourbonBunts]

@johnredwood Great, but you’ve been tweeting about not upsetting Donald for years. The realities of what you’ve been tweeting would tie in our trade with his ever changing moods.

[Norman Hunt @BourbonBunts]

@johnredwood North Sea oil and gas was profitable, and Norway understood this. Why did the Thatcher government decide to privatise and not take the Norwegian approach to a sovereign wealth fund?

[Jonathan Pie @JonathanPieNews]

I don't understand how anyone who supports Reform UK doesn't realise that if Trump offered Farage a job as his official groom of the stool (look it up), he'd fuck off tomorrow.

[Norman Hunt @BourbonBunts]

@johnredwood Interesting take on Ukraine 🤔

Any criticism of Trump today? No..

[Norman Hunt @BourbonBunts]

Happy St. George’s Day 🏴󠁧󠁢󠁥󠁮󠁧󠁿