A Radical Idea to Break the Logic of Oil Drilling
In the climate-change era, everyone who has oil wants to be the last one to sell it. Oil-producing countries still plan to increase production in the near term, and very few economic incentives exist to press them in any other direction. As long as someone else still has oil, they’ll sell it to your customer in your stead. Oil-industry insiders have said this point-blank throughout this year’s United Nations climate talks in Dubai, which are scheduled to end tomorrow.