alt Hacker NewsThis really seems like a nothing burger.
The $1B were a refund. Net exchange ~$0.
Building out fossile fuel production shifts oil revenue from various dictatorships around the world to the US in this case. That's a good thing. I wish we in Europe produced more gas ourselves instead of being highly dependent on other countries.
This does not mean higher gas demand, which is what matters for CO2 reduction.
Replies
The production shifts oil revenue from Islamic dictatorships to Christian dictatorship of USA. Maybe a hyperbole for now, but for how long? Independent media and education under attack, gerrymandering your voting rights away etc. Considering most of the population lives is solid red or blue state and thus their vote for president doesn't count, how much of a democracy is USA when the minority of independents live in swing states are the only who's vote counts?
Also USA us doing nothing relevant to reduce gas demand like CO2 cap and trade or CO2 based tariffs.
At this rate buy Chinese will be a more moral choice than buy American by next decade.
I would argue it’s a waste of resources. Fossil fuels will be phased out over the next 50 years. If China is an indicator it can be done quite a bit faster than you’d think.
It’s already questionable to build fossil fuel capacity at today’s prices. In 10 years it won’t make any financial sense. In 20 you’d be laughed out of the room.
Why waste money on a dying technology? It’d be like mining bitcoin