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Putting my tinfoil hat on: From a geopolitical standpoint, the USA’s longterm strategy likely was to deplete the oil reserves of foreign nations while keeping a
by tqkxzugoaupvwqr 8y ago
Putting my tinfoil hat on: From a geopolitical standpoint, the USA’s longterm strategy likely was to deplete the oil reserves of foreign nations while keeping a large domestic reserve until the end. This has the advantage of being able to force those nations into submission once their oil runs out. When that is the case, domestic production is ramped up to cover domestic needs and the needs of foreign nations … as long as they back the interests of the US.
This decades-long strategy could have worked brilliantly until the end if it wasn’t for clean energy. Now that it’s clear that clean energy sources will replace fossil fuels sooner than later, all the domestic oil sitting in the ground needs to be extracted and sold as fast as possible before it becomes worthless. Since the US and foreign nations won’t depend on oil in the future, the US won’t need its oil reserve and floods the global market with all they’ve got for that sweet, sweet money.
- ppf 8y agoI think you're overstating the position of clean energy. The US currently gets 11% of its power from "renewables". 45% of that is from burning biofuels, wood, and a very small amount of bio waste.