A smarter investment? Put that money towards a massive build-out of the nation’s electrical grid to reach projected energy demand instead.
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Europe is already set to stop selling new ICE vehicles in what… 5 or 10 years?
They’re already severely limiting access of ICE vehicles in urban areas to decrease smog and traffic. Their demand for oil is going to decrease over time.
Same with plastics. We need / will be producing less and relaying on recycling or other materials.
Plus we have a climate crisis on our hands and need to drastically reduce oil production.