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I don't think it's that simple. If we in America are going to continue to use fuel, it's preferable (assuming this matters to you as an American) that we suppo
by alehul 8y ago
I don't think it's that simple.
If we in America are going to continue to use fuel, it's preferable (assuming this matters to you as an American) that we support the jobs and wealth of those in the United States before Saudi Arabia. At the same time, you're right this could be terrible, but for the reason that more supply could lower oil prices and make electric vehicles, and renewable energy as a whole, a less compelling alternative, thus slowing our transition.
I doubt the oil markets behave this simplistically, however, so who knows what will happen.
- village-idiot 8y agoI don’t understand why everyone pretends that the process of electrification and the cost of oil are unrelated to each other. Time and time again we see that public interest in oil free ways of doing their lives, from electricity cars to electric furnaces waxes and wanes with the cost of oil. If oil prices drop the progress of electrification will slow down massively. And, every drop of oil pumped is more carbon. We will burn all that oil. If we hadn’t discovered it (or discovered it much later), it wouldn’t go into our atmosphere and risk our species chance of survival.