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Russian oil can just be replaced with American or Saudi oil. They produce a lot but I don’t think this helps reduce demand for oil other than high prices making
by MaxHoppersGhost 5y ago
Russian oil can just be replaced with American or Saudi oil. They produce a lot but I don’t think this helps reduce demand for oil other than high prices making green alternatives relatively cheaper. Higher prices also means that more people invest in oil and gas exploration and drilling.
- pvarangot 5y agoHigh prices also lead to more destructive and less understood methods of extraction like hydrofracturing, that uses a shit ton of water and may lead to immediate but long lasting environmental impact.
- MaxHoppersGhost 5y agoIncorrect. Low prices created fracking. Fracking was invented to get oil out of formations that otherwise weren’t economic to drill. This is basic knowledge if you know anything about fracking. This takes away any credibility you have regarding environmental impacts of fracking.
- pvarangot 5y agoThanks for rudely correcting me. It was my understanding that most fracking in the US just doesn't happen or slows down until the barrel reaches a certain price because new wells just don't get drilled.