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Possibly good news of course, but I find something is a bit out of place given this is coming from a petro-state. They could surely have more impact on global w
by jacknews 10y ago
Possibly good news of course, but I find something is a bit out of place given this is coming from a petro-state.
They could surely have more impact on global warming etc by simply shutting down oil exports.
- ZeroGravitas 10y agoNot really, oil is fungible so they'd just encourage other countries to produce more. There will need to be global cooperation to keep oil in the ground, otherwise one country could defect and make a fortune.
- nightcracker 10y agoLet's also not forget oil has hundreds of applications outside of fossil fuel.