Because for this argument they are irrelevant. Domestic consumption is money you aren't spending to buy gas on the market, at market prices. If Norway had a use for 100% of it's oil, it would be saving the equivalent amount from the global market as it would be gaining in revenue.
The bigger difference is that one is state owned, and the other is mostly privatized. Then again, for the larger picture, this is only relevant if the countries in question are constrained to the income available from this system. Neither are. If the US wanted to issue a few hundred billion in bonds, they could do so with little trouble if it was politically feasible. Or they could literally just make the money out of thin air, if they weren't concerned with or were willing to accept the possible inflation.
It's hard to overstate just how much economic and monetary power the US can bring to bear.
Because for this argument they are irrelevant. Domestic consumption is money you aren't spending to buy gas on the market, at market prices. If Norway had a use for 100% of it's oil, it would be saving the equivalent amount from the global market as it would be gaining in revenue.
The bigger difference is that one is state owned, and the other is mostly privatized. Then again, for the larger picture, this is only relevant if the countries in question are constrained to the income available from this system. Neither are. If the US wanted to issue a few hundred billion in bonds, they could do so with little trouble if it was politically feasible. Or they could literally just make the money out of thin air, if they weren't concerned with or were willing to accept the possible inflation.
It's hard to overstate just how much economic and monetary power the US can bring to bear.