Norway’s centre-right claims victory

Another "center-right" election victory in another resource rich country now in Norway, following up the one reported last week in Australia.  Story at FT here.

The results mark a decisive rightward shift in the Nordic country of 5m inhabitants where more than a decade of oil wealth is raising questions of how to spend that money.

“This is a historic result. It is the first time in 24 years that we have a Conservative prime minister,” Jan Tore Sanner, deputy leader of the Conservatives, told the Financial Times.

Could be a trend developing in resource rich nations, which typically have high exports of the natural resources.

If so, we may look for convergence to start here in the U.S. towards the end of the next decade when the U.S. is expected to increase crude oil production to the point where we become a net exporter of petroleum.

Our GOP may be waiting a looooooong time before they return to a governing majority if they simply rely on convergence to this possible trend.