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>> Would the world be better off if Norway drilled no oil and ran its energy like everyone else? > Yes, because the price of oil would go up and there'd be mor
by tivert 3y ago
>> Would the world be better off if Norway drilled no oil and ran its energy like everyone else?
> Yes, because the price of oil would go up and there'd be more incentive to reduce oil consumption
That's a pretty over-simplistic analysis of "better off." By that logic, I could make us "better off" by bombing all the oil infrastructure, causing the price to go up even more, meanwhile hundreds of millions or more die because the modern economy and trade links collapse.
That's an extreme example to prove a point: it's pretty important to consider what else would happen.