Why the smugness? In particular, Norway's GDP per capita is notably higher than that of the US in both PPP and nominal measures. And both countries outrank the US in terms of the so-called "quality of life" or "where-to-be-born" index.
Norway's approach seems to be a very smart way to handle the oil wealth and atypical of most outcomes. See the phrase "resource curse," natural resource riches like oil typically hurt the economic growth of the nations that should be benefiting from it.