Uploaded June 2026 | Updated September 2026, 1 week ago

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In the 1970s, Britain discovered a goldmine in the North Sea. But while other nations used their oil wealth to build massive sovereign wealth funds for future generations, Britain took a different path.

Did the UK waste its one-shot at permanent wealth? We dive into the economic policies and political choices that shaped the legacy of North Sea oil and what it teaches us about government vs. market management of natural resources.

🎓 Learn more: fee.org/articles/the-oil-money-britain-wasted/?utm_source=youtube&utm_medium=social&utm_campaign=fee-online

#Economics #History #Oil #UnitedKingdom #NorthSeaOil #FEE #EconomicPolicy #Energy