The politics of oil are particularly tricky for Democrats, whose chances for victory in next year’s elections can hinge on whether young, climate-focused voters come out in big numbers.
The politics of oil are particularly tricky for Democrats, whose chances for victory in next year’s elections can hinge on whether young, climate-focused voters come out in big numbers.
OPEC+ has been cutting production recently and the US has filled that gap. The reason people presume we hit peak oil soon is basically EVs. Cars make up a huge part of the global oil consumption and replacing them with anything not using oil would change the equation a lot. The other big story is China and the Chinese economy crashing. If that happens we are going to see a massive decrease in emissions very quickly.
Plus Russia isn’t exporting to Europe anymore and the Democrats need to keep gas prices as low as possible because that’s all swing voters care about.