Not only is it not that much (for reference, world oil consumption is ~100 million b/d[0]), after releasing the oil it is gone and with it the threat of being a

Not only is it not that much (for reference, world oil consumption is ~100 million b/d[0]), after releasing the oil it is gone and with it the threat of being able to release it in the future. I guess, the most sustainable solution to high oil prices in the short term is to implement a deal with Iran. Iran's capacity is estimated to be 3.8 million b/d[1]. An unknown factor though, is how much of that is being bought up by China already. The lacking investment to replace rotting infrastructure is already showing in some OPEC member states[2]. Unless we put more effort into reducing demand the problem will only grow worse in the future. And in my view, current efforts to reduce reliance on oil are far from sufficient. -- [0] - https://www.eia.gov/outlooks/steo/report/global_oil.php https://www.eia.gov/outlooks/steo/report/global_oil.php [1] - https://www.eia.gov/international/content/analysis/countries_long/Iran/pdf/iran_exe.pdf https://www.eia.gov/international/content/analysis/countries... [2] - https://www.argusmedia.com/en/news/2275580-opec-compliance-up-to-116pc-in-october-delegates https://www.argusmedia.com/en/news/2275580-opec-compliance-u...