I think one important point you made was that during the years of high oil prices, the Venezuelan government did not do a very good job of saving for the future, at least not compared to Norway, which was another example you cited.
We actually have the same sort of mismanagement in the Canadian oil-producing provinces, where there were these many years of an economic boom of high prices, and then really very little to show for it. No money was saved up. As you pointed out, Norway seems to have done a much better job of managing the proceeds from its oil.
Did you have any suggestions as to what kinds of institutions could be put in place to ensure those kinds of savings would occur if and when there is another period of strong commodity prices?