You neglect to mention that ‘drill baby drill’ will likely see the price of oil decline globally, not to mention from the uptake of EVs by some.
In places like Australia, road user taxes are now being formulated for EVs and hybrids, due to them not contributing via the fuel excise levy.
And in Europe, the pushback against killing off ICE in the 2030s is increasing, as their car industry suffers. Car manufacturers are already walking back their ‘all electric’ timelines as they realised they just got ‘caught up in the moment’ about going green.
Our vehicles, someday, might be all emissions free, but the journey is going to be far more challenging and prolonged that some greenies might have imagined.
