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> How much less oil would be pumped with warring countries and unstable regimes? Less oil being pumped globally would be beneficial to American oil companies.
by Aunche 4y ago
> How much less oil would be pumped with warring countries and unstable regimes?
Less oil being pumped globally would be beneficial to American oil companies.
> Also, oil companies largely don't pay for the environmental damage they do. If burning oil left a stinky purple gas instead of an invisible gas, they would be paying far, far more to stop it or get rid of it.
Then tax the people burning the oil, not the ones the ones that are producing it. It's not like Middle Eastern oil burns any cleaner than domestic oil. The sad truth is that nobody in America actually gives a damn about the environment. They'll virtue signal about wanting change, but back off at any proposal that requires personal sacrifice.
- megaman821 4y ago> Less oil being pumped globally would be beneficial to American oil companies. In the short term, yes. There is a point when you ruin the whole industry. Right now $4/gallon gas has no good alternatives, but at $15/gallon things like e-fuels and biofuels start competing quite nicely.
- Godel_unicode 4y agoThis is misunderstanding how the market works. If gas prices got that high, yes other fuels would come into the picture but they wouldn’t replace cheaper-to-produce American crude because of margins. The thing about those prices that would be a concern would be pushing people towards not using fuel altogether, not the existence of more expensive biofuels.
- pas 4y agoit's easier to tax at the source (and then subsidize specific uses, eg. medicine)