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Why would oil companies invest in production when the politicians plan to phase out oil in the near future? Infrastructure is expensive and takes a long time to
by leereeves 4y ago
Why would oil companies invest in production when the politicians plan to phase out oil in the near future? Infrastructure is expensive and takes a long time to break even.
And what investments they do make, like the Keystone XL pipeline, are blocked by the government.
Would you invest in that?
- aaomidi 4y agoNo I’d just force them to increase their production now. This is why critical infrastructure being private property is fucking insane.