I usually don't boost memes without link, but this striking statement is easily supported by a tiny bit of research.
https://www.perplexity.ai/search/is-it-reasonable-to-assume-tha-viIYtzlcSTy4wi7TVuWw1A
»How Norway got rich from Oil, but the UK didn’t«
https://www.economicshelp.org/blog/214768/economics/norway-uk-oil/